528 Charles St | Image 1
New
Virtual Tour
528 Charles St | Image 2
528 Charles St | Image 3
528 Charles St | Image 4
528 Charles St | Image 5
528 Charles St | Image 6
528 Charles St | Image 7

$850,000

2 days ago

0 Bed

0 Bath

8662 sqft

--

MLS® 1404796

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size 8662 sqft
Garage No
HOA Fees 
Taxes $20,712
Days Active 1
Approx. Age 1900
Avg. Price Per Sqft $98
MLS® Number 1404796

Property Address: 528 Charles St, Providence, RI, 02904-7816

Average square foot calculated using Size range provided by listing agent.

Description

This 6-family property, located in a desirable C2 zoning district, offers strong, stable cash flow with long-term tenants in place. The building features a total of 13 bedrooms across six units, almost all of them remodeled, providing a solid blend of updated interiors and value-add potential. Layout consists of FIVE 2-bed apartments, ONE 3-bed apartment. Tenants pay all utilities, keeping operating expenses low and enhancing returns. With a cap rate of 7%+, this property is ideal for investors seeking immediate income and long-term appreciation. Situated on highly visible Charles Street, directly behind Hopkins Junior High School near the intersection of Charles St and Branch Ave, the location supports consistent rental demand. The exterior boasts low-maintenance vinyl siding and replacement windows. While there is currently no on-site laundry, the addition of coin-op or card-operated machines offers an easy opportunity to increase revenue. 528 Charles St is available as a stand-alone purchase or as part of a package including the adjacent 4, 000 SF vacant lot at 532 Charles St (MLS #1404801), also zoned C2. The package price for both properties is $1, 100, 000. The vacant lot comes with plans for a 9-unit multifamily residential building with on-site parking. Buyer of 528 Charles St will have first right of refusal on the lot an outstanding opportunity to secure both immediate income and future expansion in one strategic acquisition.
MLS® Number1404796
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1900
Stories4
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 18, 2026List Date
$850,000List Price
  • Commute

Commute

Starting Address
Destination Address
528 Charles St, Providence, RI

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties