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48 Hillside Avenue 50, Providence, RI 02906

Beds
7
Baths
5
Sqft
3,920

View property features, location on map, relevant school information and overview from seller's agent.

Listed byJ. Christopher Real Estate Grp
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Overview

Welcome to 48-50 Hillside Avenue a meticulously maintained four-unit multifamily located in the heart of Providence's desirable East Side. Priced at $995,000, this rare offering presents a unique opportunity to own a well-performing asset in one of the city's most sought-after neighborhoods. The main building features three spacious units with hardwood floors, classic layouts, and separate utilities. A detached cottage serves as a fourth unit, bringing added value and flexibility. All units are tenant-occupied on month-to-month leases, providing immediate income and the ability to adjust rents to market rates a key advantage in a high-demand rental area with below-market rents. Ideal for both investors and owner-occupants, this property offers strong upside potential. Owner-occupants may benefit from the Rhode Island Homestead Exemption, which can result in a significant reduction in annual property taxes, enhancing long-term affordability. The property has been exceptionally well maintained with updated systems, off-street parking, and separately metered utilities. Located just minutes from Blackstone Boulevard, Hope Street, local shops, caf s, universities, and downtown Providence, the location offers consistent demand and strong appreciation. This is a truly distinctive opportunity to acquire a turnkey property with built-in equity, strong rental demand, and room to scale all in one of Providence's most prestigious and vibrant neighborhoods.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
3
Number of bedrooms
7
Number of bathrooms
5
Square feet
3,920
Lot size (acres)
0.07
Year built
1890

Interior features

Basement
Yes, Unfinished

Utilities

Heating
Natural gas, Electric, Forced air, Oil
Cooling
None

Taxes

Tax Annual Amount (2024)
$9,875

Public schools

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Sourced from: StateWide MLS MLS®#: 1385176 Last checked:

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