- BHGRE®
- Rhode Island
- Providence
- 23 Richter
23 Richter, Providence, RI 02908
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
23 Richter,Providence, RI 02908
$629,900
- 6 Beds
- 3 Baths
- 3,198 sq. ft.
- Single family
- Active
Listed by: aleece silva, aleece silva
Office: exp realty
MLS#:73470813
Source:MLSPIN
Price summary
- Price:$629,900
- Price per sq. ft.:$196.97
About this home
Well-positioned three-family investment property in the highly desirable Smith Hill neighborhood of Providence. The building consists of three spacious 2-bedroom, 1-bath units, each offering a classic double-parlor layout paired with the modern convenience of in-unit laundry—a proven driver of tenant retention and rent stability.
The second and third-floor units feature private front porches, adding desirable outdoor living space tenants value. A small, low-maintenance yard enhances appeal while helping keep operating expenses low. The property is well maintained and fully occupied by long-term, reliable tenants, providing immediate, predictable cash flow from day one.
Recent improvements reduce near-term capital expenditure risk. Additionally, FREE municipal garbage and recycling removal provided by the City of Providence helps further minimize ongoing operating costs—supporting a stronger net operating income.
Ideally located near downtown Providence, major hospitals, universities, parks, shopping, dining, and with easy access to I-95 and I-195. Convenient proximity to TF Green International Airport (approximately 20–25 minutes) and close to the Providence Commuter Rail, offering direct service to Boston in roughly one hour—making this an attractive location for commuter-driven rental demand.
Rent roll available upon request—please refer to MLS remarks for contact details.
Tax rate reflects non-owner-occupied status.
Showings require 48-hour notice
Contact an agent
Home facts
- Year built:1930
- Listing ID #:73470813
- Updated:January 25, 2026 at 02:34 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:3
- Full bathrooms:3
- Living area:3,198 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Roof:Asphalt/Composition Shingles
- Year built:1930
- Building area:3,198 sq. ft.
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$629,900
- Price per sq. ft.:$196.97
- Tax amount:$7,824 (2025)
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