5 Beds
3 Baths
2,964 sqft
$579,000
83 Terrace Avenue, Providence RI, 02909
Price per sqft$195.34
Built in1900
Property size2,964 sqft
Property typeMulti-family
Overview
Active
Listed Aug 31, 2026
Updated 4 days ago
Silver Lake 3-Family Investor or Owner-Occupant Opportunity. Three units in one of Providence's steadiest rental pockets. The setup is a 1-bedroom first-floor unit plus two 2-bedroom apartments on the second and third floors, with an attached 2-car garage and off-street parking. Live in one and let the other two carry you, or drop it straight into your portfolio. Projected $72,000 in annual rental income once all units are rented at market rate. All tenants are currently month-to-month. Strong in-place and market rents, Section 8 friendly, and a location that stays rented. Whether you're house-hacking your first multi or adding to a growing portfolio, this is a turnkey three-unit in a neighborhood that holds its demand. Schedule your showing today.
$3,852/mo
Est. mortgage payment based on a $579,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 1421951
Interior Features
- Bedrooms
- 5
- Bathrooms
- 3
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.07 Acres
Other Property Details
- Taxes
- $4,014
- Tax Frequency
- Annually
- Association Fee Frequency
- Monthly
- Garage
- Yes
- 55+/Senior Community
- No
Courtesy of Smith and Oak Real Estate Co., 774-469-4436
The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Compass are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.
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Data last updated 4:32 AM UTC, 10/6/2026.