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$649,000

For Sale

6 days ago

83 Terrace Ave, Providence, RI

House

MLS® 1421951

5 Bed

3 Bath

2964 sqft

2 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2964 sqft
Garage Yes
Taxes $4,014
Days Active 6
Lot Size 0.068 Acres
Approx. Age 1900
Avg. Price Per Sqft $218
MLS® Number 1421951

Property Address: 83 Terrace Ave, Providence, RI, 02909-3875

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

Description

Silver Lake 3-Family Investor or Owner-Occupant Opportunity. Three units in one of Providence's steadiest rental pockets. The setup is a 1-bedroom first-floor unit plus two 2-bedroom apartments on the second and third floors, with an attached 2-car garage and off-street parking. Live in one and let the other two carry you, or drop it straight into your portfolio. Projected $72, 000 in annual rental income once all units are rented at market rate. All tenants are currently month-to-month. Strong in-place and market rents, Section 8 friendly, and a location that stays rented. Whether you're house-hacking your first multi or adding to a growing portfolio, this is a turnkey three-unit in a neighborhood that holds its demand. Schedule your showing today.
MLS® Number1421951
Laundry Level
Central VacNo
FireplaceYes
Acreage
Exterior
GarageYes
Approx. Age1900
BasementNone
DrivewayAttached, Garage
Garage Spaces
HeatBaseboard, Gas
A/CWall Units

Extras

Pro Forma Rental Income (Annual) Unit 1 -$1, 800/mo $21, 600/yr // Unit 2 - $2, 100/mo $25, 200/yr // Unit 3 - $2, 100/mo $25, 200/yr // Total: $5, 700/mo $72, 000/yr gross Buyer and buyer's agent are responsible for conducting their own due diligence and independently verifying all information. Neither seller nor listing agent/brokerage makes any representation or warranty as to the accuracy of any information provided. Some photos may be virtually staged and/or edited.

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 31, 2026List Date
$649,000List Price

Home Appraisal

This property is estimated to sell between: $436,000 and $756,000.
Similar properties in this area sold on average for: $436,083
Expect to pay under asking. 67% of similar properties sold for less than the asking price.
Expected to sell in 35 days. Similar properties sold in 41 days. This home has been on eXp Realty for 6 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
83 Terrace Ave, Providence, RI

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