Homes for sale - 48 Hillside AVE, Providence, RI 02906

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

May

Fri

May

Sat

May

Reza Lashkari

reza@llhomesteam.com +1(949) 826-8100

$ 995,000

Est. payment | -/mo

7 Beds

5 Baths

3,920 SqFt

Save

$ 995,000

Est. payment | -/mo

Save

7 Beds

5 Baths

3,920 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,920 sqft

Price per Sqft $253

Subdivision East Side

MLS Listing ID 1385176

Bedrooms 7

Full Baths 4

Half Baths 1

HOA Y/N No

Abv Grd Liv Area 3,920

Year Built 1890

Annual Tax Amount $9,875

Tax Year 2024

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Multi Family

Property Description

Welcome to 48-50 Hillside Avenue a meticulously maintained four-unit multifamily located in the heart of Providence's desirable East Side. Priced at $995,000, this rare offering presents a unique opportunity to own a well-performing asset in one of the city's most sought-after neighborhoods. The main building features three spacious units with hardwood floors, classic layouts, and separate utilities. A detached cottage serves as a fourth unit, bringing added value and flexibility. All units are tenant-occupied on month-to-month leases, providing immediate income and the ability to adjust rents to market rates a key advantage in a high-demand rental area with below-market rents. Ideal for both investors and owner-occupants, this property offers strong upside potential. Owner-occupants may benefit from the Rhode Island Homestead Exemption, which can result in a significant reduction in annual property taxes, enhancing long-term affordability. The property has been exceptionally well maintained with updated systems, off-street parking, and separately metered utilities. Located just minutes from Blackstone Boulevard, Hope Street, local shops, caf s, universities, and downtown Providence, the location offers consistent demand and strong appreciation. This is a truly distinctive opportunity to acquire a turnkey property with built-in equity, strong rental demand, and room to scale all in one of Providence's most prestigious and vibrant neighborhoods.

Location

State RI

County Providence

Community East Side

Rooms

Basement Exterior Entry, Full, Interior Entry, Unfinished

Interior

Heating Electric, Forced Air, Gas, Oil

Cooling None

Flooring Hardwood, Vinyl

Fireplaces Type None

Inclusions The separate cottage located at 46 Hillside Avenue, Pawtucket, RI 02861 is included as part of the overall listing and is assessed separately, with annual property taxes of $2, 671.61 paid to the City of Pawtucket. The total gross area of 3, 920 square feet includes the main three-family residence (2, 820 sq ft) and the separate cottage (1, 100 sq ft). Heating for Units 1 and 2 is gas, Unit 3 is heated with electric baseboards, and the cottage is heated with oil.

Fireplace No

Appliance Gas Water Heater

Laundry Common Area

Exterior

Exterior Feature Paved Driveway

Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Restaurant, Shopping, Sidewalks

Utilities Available Sewer Connected

Total Parking Spaces 7

Garage No

Building

Foundation Brick/Mortar, Combination, Concrete Perimeter

Sewer Connected

Water Connected

Structure Type Drywall,Plaster,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 4850HILLSIDEAVPROV

Listed by J. Christopher Real Estate Grp

+1(949) 826-8100

reza@llhomesteam.com

48 Hillside AVE Providence, RI 02906