Multi Family at 616 Union Avenue, Providence
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9 photos

$1,180,000

616 Union Avenue
Providence, RI 02909
Listed by Maribel Almonte Perez
Bedrooms
9
Bathrooms
3
Living area
N/A
Year built
2026

About this home

Stunning New Construction Three-Family Property in Silver Lake! Discover this beautifully designed, newly constructed three-family property located in the desirable Silver Lake neighborhood. Each spacious unit offers approximately 1,490 square feet of modern living space, featuring an open-concept layout, beautiful hardwood floors, recessed lighting, stylish bathrooms with modern tile finishes, central heating and air conditioning, and convenient in-unit laundry. Built with quality craftsmanship and attention to detail, this property offers the perfect combination of comfort, elegance, and functionality. The exterior features approximately 12 parking spaces, along with an additional rear lot offering exciting potential for a two-family Accessory Dwelling Unit (ADU), subject to city approvals. The property also features a spacious basement with high windows, providing additional potential for future conversion into living space, subject to necessary permits and approvals. Perfect for first-time homebuyers and savvy investors alike! Whether you’re looking to live in one unit while generating rental income from the others or expand your real estate investment portfolio, this exceptional property offers tremendous income-producing potential and long-term value. Don’t miss this incredible opportunity to own a brand-new, income-producing property with outstanding future possibilities!

Highlights

New construction

Property details

MLS
Rhode Island Association of REALTORS
MLS #
1425704
Property type
Multi Family
Subdivision
Silver Lake
Status
Active
Days on market
N/A
On market date
October 11, 2026
Stories
3
Total bathrooms
3
Garage spaces
12
Parking spaces
24
Lot size
0.1362 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Webster Avenue School
0.54 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
311
Student:teacher ratio
15.6:1
District
Providence
MiddleCharter
AF Providence Mayoral Middle
0.74 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
405
Student:teacher ratio
31.2:1
District
Achievement First Rhode Island
High
Dr. Jorge Alvarez HS
1.7 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
681
Student:teacher ratio
13.1:1
District
Providence

Walkability

Blended score for Providence's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

88
Highly walkable
out of 100
EPA National Walkability Index
16.0 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores17
Parks8
Schools15
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in Providence, from live MLS data.

On the market 0 days -- 42 fewer days than Providence's current average of 42 days.
For reference, the median list price across 1,418 active listings in Providence right now is $449,900.

Mortgage calculator

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Est. monthly payment
$7,256/mo
$236,000 down
$944,000 loan
Principal & interest$6,123
Property tax (est.)$983
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 3 days ago.

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.