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5 Beds
3 Baths
2,964 sqft

$579,000

83 Terrace Avenue, Providence RI, 02909

Price per sqft$195.34
Built in1900
Property size2,964 sqft
Property typeMulti-family

Overview

Pending

Listed Aug 31, 2026

Updated 23 min ago

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.

$3,852/mo

Est. mortgage payment based on a $579,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1421951

Interior Features

Bedrooms
5
Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.07 Acres

Other Property Details

Taxes
$4,014
Tax Frequency
Annually
Association Fee Frequency
Monthly
Garage
Yes
55+/Senior Community
No

Courtesy of Smith and Oak Real Estate Co., 774-469-4436

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Hogan Associates – Christie’s International Real Estate are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

©2026 State-Wide MLS, Inc. All rights reserved.

Data last updated 5:18 AM UTC, 10/23/2026.

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