Link Copied
Listed price in listed location currency (USD).
$649,900

630

MLS® 1400368

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3198 sqft
Garage No
Taxes $7,825
Days Active 28
Lot Size 0.0749 acres
Approx. Age 1930
Avg. Price Per Sqft $203
MLS® Number 1400368

Property Address: 23 Richter St, Providence, RI, 02908-4303

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

Description

Well-positioned three-family investment property in the highly desirable Smith Hill neighborhood of Providence. The building consists of three spacious 2-bedroom, 1-bath units, each offering a classic double-parlor layout paired with the modern convenience of in-unit laundry a proven driver of tenant retention and rent stability. The second and third-floor units feature private front porches, adding desirable outdoor living space tenants value. A small, low-maintenance yard enhances appeal while helping keep operating expenses low. The property is well maintained and fully occupied by long-term, reliable tenants, providing immediate, predictable cash flow from day one. Recent improvements reduce near-term capital expenditure risk. Additionally, FREE municipal garbage and recycling removal provided by the City of Providence helps further minimize ongoing operating costs supporting a stronger net operating income. Ideally located near downtown Providence, major hospitals, universities, parks, shopping, dining, and with easy access to I-95 and I-195. Convenient proximity to TF Green International Airport (approximately 20 25 minutes) and close to the Providence Commuter Rail, offering direct service to Boston in roughly one hour making this an attractive location for commuter-driven rental demand. Rent roll available upon request please refer to MLS remarks for contact details. Tax rate reflects non-owner-occupied status. Showings require 48-hour notice
MLS® Number1400368
Laundry LevelIn Unit
Central VacNo
FireplaceNo
Acreage0.0749
Exterior
GarageNo
Approx. Age1930
BasementFull, Interior Entry, Unfinished
DrivewayNo Garage
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 18, 2025List Date
$649,900List Price
  • Commute

Commute

Starting Address
Destination Address
23 Richter St, Providence, RI

Like what you see?

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

Add a Comment
Loading...

Comparable Properties