Multi Family at 17 Cromwell Street, Providence
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15 photos

$869,000

17 Cromwell Street
Providence, RI 02907
Listed by Derek Greene
Bedrooms
7
Bathrooms
4
Living area
N/A
Year built
1895

About this home

Exceptional investment opportunity! This well-maintained 4-unit multifamily property is a proven, strong income-producing asset with additional upside for investors looking to maximize returns. In addition to the four residential units, the fully finished attic is currently being used as an in-law suite, adding flexibility and value. Each unit features remodeled bathrooms, stainless steel appliances, and updated utilities. This property offers updated living spaces all through out that help attract and retain tenants while minimizing maintenance costs. This property qualifies for FHA Financing. Already generating solid rental income, it also presents an opportunity to further increase cash flow. The unfinished basement offers the ideal space to install a coin operated laundry facility, creating an additional revenue stream and added convenience for tenants. Whether you're expanding your investment portfolio or seeking a high-performing multifamily property, This property delivers immediate cash flow with clear opportunities for future income growth. Conveniently located in Providence with easy access to major highways, Public Transportation, shopping, restaurants, schools, and other local amenities. Don't miss the chance to own a turnkey, income-producing property!

Property details

MLS
Rhode Island Association of REALTORS
MLS #
1421155
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
10
On market date
August 21, 2026
Stories
4
Total bathrooms
4
Garage spaces
N/A
Parking spaces
4
Lot size
0.09 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.

ElementaryCharter
Achievement First Promesa
0.39 mi away · Grades 0-2
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
276
Student:teacher ratio
13.1:1
District
Achievement First Rhode Island
MiddleCharter
Providence Preparatory Charter
0.27 mi away · Grades 5-6
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
112
Student:teacher ratio
12.4:1
District
Providence Preparatory Charter
High
Providence Career Technical
0.53 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
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).

92
Highly walkable
out of 100
EPA National Walkability Index
17.3 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks19
Schools20
Transit stops20
Pharmacies10

Market position

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

On the market 10 days -- 32 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

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$5,383/mo
$173,800 down
$695,200 loan
Principal & interest$4,509
Property tax (est.)$724
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated September 1, 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.