What Multi-Family Homes Can You Buy in Rhode Island

What Multi-Family Homes Can You Buy in Rhode Island

Looking for an investment property?

How about that home for you and the rest of the family?

The folks at Mott & Chace Sotheby’s International are offering three multi-family homes this week.

GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST

And, if you need to know the value of your home, CLICK HERE.

Enjoy the tour.

 

56 Ivy Street | Providence | $1,029,000

Listed by Christine Dupuis

Turnkey income-producing three-family investment! This well-maintained multi-family property offers strong income potential and long-term value. Major capital improvements already completed with a 2 1/2 year old roof, and hard-wired smoke detectors for code compliance. Each unit is spacious and thoughtfully designed with separate entrances, generous layouts, abundant natural light, and functional kitchens and living areas ideal for today’s renters. In addition to the three units, there is also a first-floor art studio with a bathroom, and a second-level office and flex space. The basement has plenty of storage, a workshop, and coin-op washer and dryer. The property also features a rare, large, private fenced yard - an added bonus for tenants and owner-occupied alike! Tenants enjoy convenient access to nearby shopping, dining, schools, and major transportation routes, making this a highly desirable location. Whether you’re looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property presents a rare and versatile opportunity. The current owners have primarily chosen mid-term monthly rentals that have included utilities however each unit is separately metered proving flexibility. Taxes are based on owner occupied rate. Owners will sell fully furnished if desired.

 

 

 

18-20 Nelson Street | Providence | $679,900

Listed by Sara Chaffee

Located in the desirable Elmhurst section of Providence, this beautifully updated two-family home offers the perfect blend of classic charm and modern upgrades. Both units have been tastefully remodeled and feature hardwood floors throughout, granite countertops, and abundant natural light that fills every room. Unit 1 boasts a full kitchen renovation completed in 2021, offering modern cabinetry, updated finishes, all new appliances and a fresh, contemporary feel. A new gas boiler and hot water heater installed in 2022 provides efficient heating and added peace of mind. Unit 2 features a bright, open floor plan that enhances the flow of the living and dining spaces, creating an inviting atmosphere. This unit also includes a private stairwell leading to an unfinished attic, presenting excellent expansion potential. The roof was replaced in 2021, adding further value. Additional highlights include a two-car garage, exterior vinyl siding, and patio. Conveniently located near local amenities, schools, and major routes, this turnkey multi-family property is a rare opportunity in one of Providence's most sought-after neighborhoods.

 

 

 

110-112 Tiernan Avenue | Warwick | $550,000

Listed by Christine Dupuis

Welcome to this well-maintained two-family home located within walking distance to beautiful Apponaug Cove. Each unit offers a comfortable living space, making this property perfect for owner-occupied. The owner's second floor unit features leased solar panels, providing energy efficiency and reduced utility costs. Outside, enjoy a spacious yard with plenty of room for gardening, entertaining, or relaxing. The property has two outdoor sheds - one for each unit, and plenty of parking. The second-floor unit has an in-unit washer, dryer, and dishwasher.