23 Richter Street, Providence, RI 02908 - Providence County

Well-positioned three-family investment property in the highly desirable Smith Hill neighborhood of Providence. The building consists of three spacious 2-bedroom, 1-bath units, each offering a classic double-parlor layout paired with the modern convenience of in-unit laundry-a proven driver of tenant retention and rent stability. The second and third-floor units feature private front porches, adding desirable outdoor living space tenants value. A small, low-maintenance yard enhances appeal while helping keep operating expenses low. The property is well maintained and fully occupied by long-term, reliable tenants, providing immediate, predictable cash flow from day one. Recent improvements reduce near-term capital expenditure risk. Additionally, FREE municipal garbage and recycling removal provided by the City of Providence helps further minimize ongoing operating costs-supporting a stronger net operating income. Ideally located near downtown Providence, major hospitals, universities, parks, shopping, dining, and with easy access to I-95 and I-195. Convenient proximity to TF Green International Airport (approximately 20-25 minutes) and close to the Providence Commuter Rail, offering direct service to Boston in roughly one hour-making this an attractive location for commuter-driven rental demand. Rent roll available upon request-please refer to MLS remarks for contact details. Tax rate reflects non-owner-occupied status. Showings require 48-hour notice

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