About This Home

This 7-bedroom, 3-bathroom residential multi family at 119 Elmwood Avenue in Providence, RI is listed for $739,999 ($195 per sqft). Built in 1900, the home offers 3,800 sqft of living space on a 0.09 acres lot.

Key Features

  • Built in 1900
  • 0.09 acre lot
  • 7 parking spaces

Property Details

3 full
7 spaces
1900
Listing Description

Welcome to 119 Elmwood Avenue, a legal three-family property offering an excellent opportunity for both owner-occupants and investors. Whether you're a first-time homebuyer looking to begin building equity through real estate or an investor seeking to expand your portfolio, this multifamily offers flexibility and long-term potential.

For an owner-occupant, this is an opportunity to live in one unit while generating rental income from the additional units to help offset monthly housing expenses. Investors can take advantage of three separate units and the property's established multifamily configuration.

The property features spacious living areas, functional kitchens and baths, separate utilities, off-street parking, and additional basement storage. The units offer comfortable layouts with a combination of wood, tile, and updated flooring, along with opportunities for continued improvements and future value enhancement.

Conveniently located near Downtown Providence, schools, shopping, restaurants, public transportation, and major highway access, the property provides easy connectivity to many of the amenities Providence has to offer. Whether you're looking to purchase your first multifamily, pursue an owner-occupied investment strategy, or add another income-producing property to your portfolio, 119 Elmwood Avenue is an opportunity worth exploring. Schedule your private showing today!

Monthly Cost Estimate

$3,958/mo

20% down · 6.5% · 30 years

Principal$535
Interest$3,207
Insurance$216

Estimates only. Actual payments may vary.

Location

119 Elmwood Avenue

Providence, RI 02907

Property Details

Flooring

VinylTile - CeramicLaminatePine

Parking

None

Heating

Natural GasBaseboard

Appliances

Gas Water Heater

Questions & Answers

This 7-bedroom, 3-bathroom residential multi family at 119 Elmwood Avenue is listed at $739,999 ($195/sqft). The estimated monthly payment is $3,958 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.09 acre lot, 7 parking spaces.

This property is listed by The Realpro Group.

TG

The Realpro Group

Agent at REALPRO By The Water

Listed by REALPRO By The Water · Broker phone: (401) 432-4223 · View on Broker Site · Broker website

MLS# 1423592· Source: State Wide MLS of Rhode Island, Inc.· 46 days on PropertySimple

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

119 Elmwood Avenue, Providence, RI 02907

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