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65 Russo Street

Providence, RI 02904
  • $725,000
  • STATUS: Active
  • ON SITE: 38 Days
  • MLS #: 1385151
UPDATED: 56 min ago
$725,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1910
County:
Area:

School Ratings & Info

Description

Welcome to 65 Russo Street, a prime investment opportunity in a high-demand rental area. This fully occupied 6-unit residential building features all 2-bedroom, 1-bathroom units, generating over $8,000 in monthly rental income with solid long-term tenants in place. The property offers immediate cash flow and significant upside potential through value-add improvements and rental rate increases. Additionally, there is an exclusive opportunity to purchase an adjacent vacant lot ideal for future development or added amenities (inquire for more details). Whether you're looking to expand your portfolio or enter a stable rental market with growth potential, 65 Russo Street checks all the boxes. Don't miss this chance to acquire a performing asset with room to scale. Can also be sold as a package with 21 Russo St.

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[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-06-23T17:37:40.66.
www.onshorerealtors.com/homes/163837702
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65 Russo Street Providence, RI 02904

  • Price: $725,000
  • Status: Active
  • On Site: 38 Days
  • Updated: 56 min ago
  • MLS #: 1385151
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1910
Built
County:
Providence
Area:
Providence
Property Description
Welcome to 65 Russo Street, a prime investment opportunity in a high-demand rental area. This fully occupied 6-unit residential building features all 2-bedroom, 1-bathroom units, generating over $8,000 in monthly rental income with solid long-term tenants in place. The property offers immediate cash flow and significant upside potential through value-add improvements and rental rate increases. Additionally, there is an exclusive opportunity to purchase an adjacent vacant lot ideal for future development or added amenities (inquire for more details). Whether you're looking to expand your portfolio or enter a stable rental market with growth potential, 65 Russo Street checks all the boxes. Don't miss this chance to acquire a performing asset with room to scale. Can also be sold as a package with 21 Russo St.
Exterior Features

Foundation Details Combination Levels Three Or More Parking Total 0

Interior Features

Basement Full Basement YN Yes Cooling None Cooling YN No Heating Hot Water Heating YN Yes

Property Features

Electric 200+ Amp Service Gross Income 96600 Human Modified YN No Land Lease YN No New Construction YN No Operating Expense 33287 Owner Pays Common Area Maintenance Exterior Maintenance Grounds Care Insurance Pest Control Repairs Snow Removal Sewer Taxes Trash Collection Water Property Sub Type Commercial Road Surface Type Asphalt Sewer Connected Structure Type Apartment Tax Annual Amount 22337 Tax Assessed Value 636400 Tax Lot 329 Tax Year 2024 Tenant Pays Electricity Gas Utilities Natural Gas Connected Sewer Connected Water Source Connected

[Rhode Island Statewide MLS] logo Listing information © 2025 State-Wide Multiple Listing Service.
Listing provided courtesy of Keller Williams Leading Edge: .



[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-06-23T17:37:40.66.
 
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Onshore Realtors
57 Shore Rd, Suite B
Westerly RI, 02891