$850,000

528 Charles Street, Providence, RI 02904

  • 8,662 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $98/sqft
  • Property List Date Icon Listed 14 days ago

Property Description

This 6-family property, located in a desirable C2 zoning district, offers strong, stable cash flow with long-term tenants in place. The building features a total of 13 bedrooms across six units, almost all of them remodeled, providing a solid blend of updated interiors and value-add potential. Layout consists of FIVE 2-bed apartments, ONE 3-bed apartment. Tenants pay all utilities, keeping operating expenses low and enhancing returns. With a cap rate of 7%+, this property is ideal for investors seeking immediate income and long-term appreciation. Situated on highly visible Charles Street, directly behind Hopkins Junior High School near the intersection of Charles St and Branch Ave, the location supports consistent rental demand. The exterior boasts low-maintenance vinyl siding and replacement windows. While there is currently no on-site laundry, the addition of coin-op or card-operated machines offers an easy opportunity to increase revenue. 528 Charles St is available as a stand-alone purchase or as part of a package including the adjacent 4,000 SF vacant lot at 532 Charles St (MLS #1404801), also zoned C2. The package price for both properties is $1,100,000. The vacant lot comes with plans for a 9-unit multifamily residential building with on-site parking.

Listing Status:
Active
Date Added:
February 18, 2026
Data Last Updated:
March 4, 2026 at 7:15AM
Listing Office:
Serhant New England : 401-382-0600
MLS ID:
1404796
  • Basement: Full
  • A/C: Central AirDuctless
  • Heating: DuctlessIndividual
  • Parking: Parking spaces: 0
  • General: FrameMasonry4Combination
  • Road/Access: City Street
  • Originating MLS: RIS_RIS
  • County: Providence
  • Zoning: C2528CHARLESSTPROV
  • Utilities: Cable AvailableElectricity AvailableNatural Gas ConnectedMunicipal UtilitiesSewer ConnectedWater ConnectedCircuit BreakersSeparate Meters
  • Water: ConnectedPublic
  • Sewer: ConnectedSanitaryStorm Sewer
  • Source: RIS_RIS

This listing courtesy of Serhant New England

Monthly Payment

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

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Location

Schools Nearby

V

Veazie Street School

211 Veazie St, Providence, RI, 02904

Grades KG-5

0.73 miles away

E

Esek Hopkins Middle School

480 Charles St, Providence, RI, 02904

Grades 6-8

0.08 miles away

T

Times2 Middle/High School

50 Fillmore St, Providence, RI, 02908

Grades 7-12

0.80 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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