About This Home
This 8-bedroom, 3-bathroom multi-family at 53 Alger Avenue in Providence, RI is listed for $710,000 ($170 per sqft). Built in 1930, the home offers 4,167 sqft of living space on a 0.14 acres lot.
Key Features
- Built in 1930
- 0.14 acre lot
- 4 parking spaces
Property Details
Excellent investment opportunity in Providence! This well-maintained, fully occupied 3-family property offers immediate rental income with tenants already in place. Each unit features spacious layouts, providing comfortable living and strong rental appeal.
Off-street parking adds convenience for tenants, making this an ideal addition to any investment portfolio. Located in the convenient South Providence neighborhood, the property is close to shopping, dining, grocery stores, and everyday amenities. Just minutes to Downtown Providence, Federal Hill, and major employers.
Conveniently located near Rhode Island Hospital, Hasbro Children's Hospital, Brown University, Johnson & Wales University, and Rhode Island School of Design. Easy access to I-95, Route 10, and I-195 provides seamless commuting throughout Rhode Island and into Massachusetts. Nearby Roger Williams Park, RIPTA transit, schools, and T.F. Green Airport complete this exceptional investment opportunity.
Monthly Cost Estimate
$3,797/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
53 Alger Avenue
Providence, RI 02907
Property Details
Flooring
Construction
Parking
Heating
Appliances
Questions & Answers
This 8-bedroom, 3-bathroom multi-family at 53 Alger Avenue is listed at $710,000 ($170/sqft). The estimated monthly payment is $3,797 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1930, 0.14 acre lot, 4 parking spaces.
This property is listed by Kyle Seyboth and can be reached at (508) 726-3492.
