A RARE PROVIDENCE VALUE-ADD WITH BONUS DEVELOPMENT POTENTIAL. Well-kept 6-unit (legal 5) property in Providence’s Charles neighborhood offering strong current income with substantial upside still on the table. Below-market month-to-month rents create immediate opportunity for increased rents, while basic interior renovations offer additional value-add potential. Major capital improvements have already been handled, including a 2-year-old roof, majority newer windows, multiple newer water heaters, foundation repairs, and vinyl siding. The property also offers ample rear parking on a separate, buildable lot, creating rare future development potential beyond the existing asset. Strong infrastructure, flexible tenancy, and multiple paths to increased returns make 513 Charles Street a compelling investment from day one.
- Basement:
- Full, Unfinished
- Parking:
- Off Street, Paved Drive
- Construction:
- Frame
- Flooring:
- Tile, Vinyl
- Sewer:
- Public Sewer
- Water:
- Public
- Electric Feature:
- Circuit Breakers
- Garage Parking
- Lead Paint:
- Unknown
- Road Type:
- Paved
- Parking Spaces:
- 12
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $281
- Zoning:
- RES
- No Units:
- 6
- Orig Price:
- $999,000
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- New
- City:
- Providence
- State:
- RI
- County:
- Providence
- Postal Code:
- 02904
- Longitude:
- W72° 34' 49.6''
- Latitude:
- N41° 50' 55.6''
Residential Income
513 Charles St, Providence, Rhode Island
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $999,000
- Bedrooms :
- 10
- Rooms :
- 24
- Total Bathrooms :
- 6
- Full Bathrooms :
- 6
- Square Footage :
- 3,550 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.11 Acre
- Listing ID :
- 73521978
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
