83 Terrace Avenue, Providence, RI 02909

• 5 beds |
• 3 baths |
• 2,964 sqft

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.

Listing Status:

Active

Date Added:

August 31, 2026

Data Last Updated:

October 5, 2026 at 7:15AM

Listing Office:

Smith and Oak Real Estate Co. : 401-400-4114

MLS ID:

1421951

Interior

• General: Tub Shower
• Appliances: Gas Water HeaterWater Heater
• Basement: None
• Flooring: HardwoodLaminateOther
• A/C: Wall Unit(s)
• Heating: BaseboardGas
• Fireplace: Fireplaces: 0

Exterior

• General: PorchPatio
• Style: Stacked
• Other Structures: PorchPatio
• Parking: AttachedGarageParking spaces: 2

Construction

• General: DrywallMasonryOtherShingle SidingVinyl Siding3

Location

• HOA Amenities: 0.0Monthly
• Originating MLS: RIS_RIS
• County: Providence

Lot

• Zoning: R-383TERRACEAVPROV

Utilities

• Utilities: Sewer Connected100 Amp Service
• Water: ConnectedPublic
• Sewer: ConnectedPublic Sewer

Financial

• Source: RIS_RIS