Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

513 Charles St

Providence, RI ID #73521978

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513 Charles St

- Providence, RI ID #73521978

Property Description

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.

Additional Details

  • Status: ACT
  • Type: Multi-Family, Multi Family
  • Zip Code: 02904
  • Taxes: 18,164
  • Levels: 3
  • Acres: 0.11

Parking

  • Garage Capacity: 12
  • Parking: Paved,Off Street
  • Parking Spaces: 12

Rooms/Dimensions

  • Total Units: 6
  • Total Floors: 3
  • Total Rooms: 24
  • Has Basement: Yes

Location

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513 Charles St, Providence, RI

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The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Spectrum Real Estate Consultants of Keller Williams Realty Leading Edge. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.