INNOVATE
Real Estate
No photos available for this listing

$584,000

194 Pavilion Avenue
Providence, RI 02905
Listed by Lissette Guzman
Bedrooms
4
Bathrooms
2
Living area
N/A
Year built
1930

About this home

Excellent investment opportunity! Well-maintained two-family property, ideal for both investors and owner-occupants looking to live in one unit while generating rental income from the others. This property features a total of 4 bedrooms and 3 full bathrooms, distributed among two spacious units, each offering 2 bedrooms and 1 full bathroom. Additional highlights include hardwood floors, gas heat, a fenced yard, and a paved driveway with parking for up to 8 vehicles. Two newer boilers were installed approximately 2 years ago, and the water tanks were recently replaced in May 2026. The property also includes leased solar panels with a monthly payment of approximately $190. Conveniently located near major highways, schools, shopping, and public transportation, this property offers strong rental income potential and an outstanding opportunity to build long-term wealth through real estate. The house has solar panels, they are on a lease and are assumable. Monthly payment $189. House is back on the market due to buyer's financing.

Property details

MLS #
1416818
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
1
On market date
N/A
Stories
3
Garage spaces
2
Lot size
0.09 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Cornel Young & Charlotte Woods
0.1 mi away · Grades -1-5
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
572
Student:teacher ratio
14.7:1
District
Providence
Middle
Roger Williams Middle
0.22 mi away · Grades 6-8
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
735
Student:teacher ratio
13.6:1
District
Providence
High
W B Cooley & Acad Internationa
0.23 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
319
Student:teacher ratio
11.4:1
District
Providence

Mortgage calculator

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Est. monthly payment
$3,667/mo
$116,800 down
$467,200 loan
Principal & interest$3,030
Property tax (est.)$487
Home insurance (est.)$150

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