$589,900
About this home
This well-maintained 6-bedroom 3-bathroom multifamily property presents a strong investment opportunity for both owner occupants and traditional investors. "The Gilmore" is currently operated as a successful short term rental property, generating 6 figure rental income. This property can also be operated as a traditional multi-family rental with estimated rent roll exceeding $100k. This can also be a great opportunity for multi-generational and owner-occupied living while building equity. Recent capital improvements include the installation of two new boilers, blow-in insulation for efficiency, a new water main, and no-maintenance PEX plumbing throughout. If the buyer wishes to continue operating the property as a short term rental, the seller is willing to stay onboard to support the transitional period and offer consulting as part of the transaction. Furnishings, linens, and all fixtures (excluding artwork) are negotiable. Established operational systems, including housekeeping, laundry services, and a dedicated handyman, are in place to support continued operations if the buyer chooses to continue with short term rentals. This property can be delivered as a turn-key short term rental, or vacant and ready for its new owner and tenants.
Property details
- MLS
- Rhode Island Association of REALTORS
- MLS #
- 1426485
- Property type
- Multi Family
- Subdivision
- N/A
- Status
- Active
- Days on market
- N/A
- On market date
- October 20, 2026
- Stories
- 3
- Total bathrooms
- 3
- Garage spaces
- N/A
- Parking spaces
- 6
- Lot size
- 0.08 acres
Location
Get directions →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.
- Enrollment
- 143
- Student:teacher ratio
- 17.9:1
- District
- SouthSide Charter School
- Enrollment
- 112
- Student:teacher ratio
- 12.4:1
- District
- Providence Preparatory Charter
- Enrollment
- 659
- Student:teacher ratio
- 9.8:1
- 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).
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 1 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.