$629,900

23 Richter, Providence, RI 02908

  • 6 beds |
  • 3 baths |
  • 3,198 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $197/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Well-Maintained Three-Family Investment Property with Upside PotentialThis solidly performing multi-family property features 6 bedrooms and 3 full baths across three units, offering strong and stable income potential. Currently generating $4,500/month in rent, the units are priced below market, allowing immediate value-add opportunities through rent adjustments.Two units include in-unit washer and dryer, increasing tenant appeal and supporting strong retention. Tenancies are primarily month-to-month, with one lease in place through May 2026, providing both flexibility and stability for investors.Recent upgrades include: Roof and porch upgrades, new heating system for 3rd floorLocated within walking distance of the Providence VA Medical Center, and close to Aldi, local colleges and universities, major commuter routes, and TF Green Airport, this property is ideally situated in a high-demand rental area.Perfect for investors seeking stable cash flow.

Listing Status:
Active
Date Added:
January 8, 2026
Data Last Updated:
March 4, 2026 at 7:06AM
Listing Office:
eXp Realty : 888-854-7493
Listing Agent:
Aleece Silva : 508-269-6904
MLS ID:
73470813
  • Basement: Unfinished
  • A/C: None
  • Heating: Natural Gas
  • Fireplace: Fireplaces: 0
  • Parking: Off Street
  • Roofing: Asphalt/Composition Shingles
  • General: Multi/SplitConcrete Perimeter
  • Road/Access: Public
  • Originating MLS: MLS Property Information Network
  • County: Providence
  • Zoning: R3588410
  • View: City View(s)Scenic View(s)
  • Fencing: Fenced/Enclosed
  • Utilities: 100 Amp Service
  • Water: Public
  • Sewer: Public Sewer
  • Source: MLS Property Information Network

This listing courtesy of Aleece Silva , eXp Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Harry Kizirian Elementary School

60 Camden Ave, Providence, RI, 02908

Grades KG-5

0.21 miles away

N

Nathanael Greene Middle School

721 Chalkstone Ave, Providence, RI, 02908

Grades 6-8

0.09 miles away

T

Times2 Middle/High School

50 Fillmore St, Providence, RI, 02908

Grades 7-12

0.44 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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