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83 Terrace Avenue

Providence, RI 02909
  • $649,000
  • STATUS: Active
  • ON SITE: 8 Days
  • MLS #: 1421951
$649,000
  • 5
    BEDS
  • 0.07
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,964
    SQFT
  • $219
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

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.

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[Rhode Island Statewide MLS] logo

© 2026 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: 2026-09-08T23:37:47.893.
www.onshorerealtors.com/homes/180710821
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83 Terrace Avenue Providence, RI 02909

  • Price: $649,000
  • Status: Active
  • On Site: 8 Days
  • MLS #: 1421951
5
Beds
3
Baths
0
½ Baths
0.07
Acres
2,964
SQFT
$219
$/SQFT
1900
Built
Neighborhood:
Silver Lake
County:
Providence
Area:
Providence
Property 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.
Exterior Features

Architectural Style Stacked Construction Materials Drywall Masonry Other Shingle Siding Vinyl Siding Covered Spaces 2 Exterior Features Porch Patio Garage YN Yes Parking Features Attached Garage Parking Total 2 Patio And Porch Features Patio Porch

Interior Features

Appliances Gas Water Heater Water Heater Basement None Basement YN No Cooling Wall Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Fireplaces Total 0 Flooring Hardwood Laminate Other Heating Baseboard Gas Heating YN Yes Interior Features Tub Shower

Property Features

Association Fee 0 Association Fee Frequency Monthly Attached Garage YN Yes Community Features Highway Access Near Hospital Near Schools Public Transportation Restaurant Shopping Sidewalks Electric 100 Amp Service Human Modified YN No Inclusions Pro Forma Rental Income ( Annual) Unit 1 -$1800 /mo $21600 /yr / / Unit 2 - $2100 /mo $25200 /yr / / Unit 3 - $2100 /mo $25200 /yr / / Total: $5700 /mo $72000 /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. Land Lease YN No Listing Terms Assumable New Construction YN No Operating Expense 0 Property Sub Type Multi Family Senior Community YN No Sewer Connected Public Sewer Special Listing Conditions Affordable Housing Subsidy Tax Annual Amount 4014 Tax Assessed Value 0 Tax Lot 587 Tax Year 2026 Utilities Sewer Connected Water Source Connected Public Zoning R-3

[Rhode Island Statewide MLS] logo Listing information © 2026 State-Wide Multiple Listing Service.
Listing provided courtesy of Smith and Oak Real Estate Co.: .



[Rhode Island Statewide MLS] logo

© 2026 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: 2026-09-08T23:37:47.893.
 
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57 Shore Rd, Suite B
Westerly RI, 02891