$999,000
About this home
A RARE PROVIDENCE VALUE-ADD WITH BONUS DEVELOPMENT POTENTIAL. 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 #
- 73521978
- Property type
- 5+ Family - 5+ Units Side by Side
- Subdivision
- N/A
- Status
- Active
- Days on market
- N/A
- On market date
- N/A
- Stories
- 3
- Garage spaces
- N/A
- Lot size
- 0.11 acres
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
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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 29, 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.