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About This Home
This 0-bedroom, 0-bathroom commercial at 513 Charles Street in Providence, RI is listed for $999,000 ($281 per sqft). Built in 1900, the home offers 3,550 sqft of living space on a 0.11 acres lot.
A RARE PROVIDENCE VALUE-ADD WITH BONUS BUILDABLE LOT. 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.
Key Features
- Built in 1900
- 0.11 acre lot
- 3 stories
- 12 parking spaces
Property Details
Monthly Cost Estimate
$5,343/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
513 Charles Street
Providence, RI 02904
Property Details
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 513 Charles Street is listed at $999,000 ($281/sqft). The estimated monthly payment is $4,329 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.11 acre lot, 3 stories, 12 parking spaces.
This property is listed by Spectrum Real Estate Consultants Team and can be reached at (401) 333-4900 or Showings@Spectrumrec.com.
