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Sheena Ruggirello

sheena.ruggirellos@gmail.com +1(860) 222-4734

$850,000

Est. payment - /mo

8,662 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 8,662 sqft

Price per Sqft $98

MLS Listing ID 1404796

HOA Y/N No

Abv Grd Liv Area 8,662

Year Built 1900

Annual Tax Amount $20,712

Tax Year 2025

Contingent Soliciting Back-up Offers

Lot Size 4,000 Sqft

Property Sub-Type Commercial

Property Description

Please see updated rent roll info on listing.This 6-family property, located in a desirable C2 zoning district, offers strong, stable cash flow with long-term tenants in place. The building features a total of 13 bedrooms across six units, almost all of them remodeled, providing a solid blend of updated interiors and value-add potential. Layout consists of FIVE 2-bed apartments, ONE 3-bed apartment. Tenants pay all utilities, keeping operating expenses low and enhancing returns. With a cap rate of 7%+, this property is ideal for investors seeking immediate income and long-term appreciation. Situated on highly visible Charles Street, directly behind Hopkins Junior High School near the intersection of Charles St and Branch Ave, the location supports consistent rental demand. The exterior boasts low-maintenance vinyl siding and replacement windows. While there is currently no on-site laundry, the addition of coin-op or card-operated machines offers an easy opportunity to increase revenue.

Location

State RI

County Providence

Zoning C2

Rooms

Basement Full

Interior

Heating Ductless, Individual

Cooling Central Air, Ductless

Exterior

Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, High Traffic Location, Street Lights, Sidewalks

Utilities Available Cable Available, Electricity Available, Natural Gas Connected, Municipal Utilities, Sewer Connected, Water Connected

Building

Story 4

Foundation Combination

Sewer Connected, Sanitary, Storm Sewer

Water Connected, Public

Level or Stories 4

Structure Type Frame,Masonry

New Construction No

Others

Tax ID 528CHARLESSTPROV

Security Features Carbon Monoxide Detector(s),Fire Alarm,Smoke Detector(s),Fire Sprinkler System

Virtual Tour https://tour.RiLiving.com/528-Charles-Street-Providence-RI-02904

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Listed by Serhant New England

Nearby School & Business

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Sheena Ruggirello

+1(860) 222-4734

Agent | License ID: CN234452

Agent License ID: CN234452

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528 Charles ST Providence, RI 02904

Sheena Ruggirello

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information