$999,000
About this home
A RARE PROVIDENCE VALUE-ADD WITH BONUS BUILDABLE LOT. Well-kept 6-unit (legal 5) property in Providence’s Charles neighborhood offering strong current income with substantial upside still on the table. Below-market month-to-month rents create immediate opportunity for increased rents, while basic interior renovations offer additional value-add potential. Major capital improvements have already been handled, including a 2-year-old roof, majority newer windows, multiple newer water heaters, foundation repairs, and vinyl siding. The property also offers ample rear parking on a separate, buildable lot, creating rare future development potential beyond the existing asset. Strong infrastructure, flexible tenancy, and multiple paths to increased returns make 513 Charles Street a compelling investment from day one.
Property details
- MLS #
- 1413142
- Property type
- Commercial
- Subdivision
- N/A
- Status
- Active
- Days on market
- 10
- On market date
- May 20, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- 12
- Lot size
- 4,792 sqft
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 305
- Student:teacher ratio
- 12.2:1
- District
- Providence
- Enrollment
- 492
- Student:teacher ratio
- 13.3:1
- District
- Providence
- Enrollment
- 403
- Student:teacher ratio
- 14.9:1
- District
- Providence
Walkability
Blended score for Providence's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Providence, from live MLS data.
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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated May 31, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.