Multi Family at 116 Bishop Avenue, East Providence
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50 photos

$629,000

116 Bishop Avenue
East Providence, RI 02916
Listed by Bridget Montana
Bedrooms
4
Bathrooms
2
Living area
N/A
Year built
1900

About this home

Rare opportunities like this don't come along often! Welcome to 116 Bishop Ave in Rumford, RI. This spacious two-family home offers an exceptional opportunity for both investors and owner-occupants in one of Rumford's most desirable neighborhoods. Each unit features beautiful hardwood floors throughout, a generous double parlor connecting the living and dining rooms, an eat-in kitchen, two bedrooms, a full bathroom, and a bright bonus sunroom perfect for a home office, reading nook, or additional living space. The second-floor unit also includes a walk-up attic with excellent potential to be finished into additional living area. The basement provides ample storage space and includes coin-op laundry, along with additional washer and dryer hookups. Numerous recent improvements offer peace of mind, including a new roof, a new boiler, a new hot water tank, updated structural beam and Lally columns, recently paved driveway, new insulation, updated basement stairs, remodeled kitchens and bathrooms, updated appliances, and lead-safe certification. Utilities are separately metered, with a shared water meter and landlord electrical panel already in place. Ideally located within walking distance to the Ten Mile River Greenway, Rock Athletic Field, Turner Reservoir, Bridgham Farm, local bakery, and more. Whether you're looking to expand your portfolio or occupy one unit while generating rental income from the other, this is a fabulous investment opportunity you won't want to miss.

Property details

MLS
Rhode Island Association of REALTORS
MLS #
1426546
Property type
Multi Family
Subdivision
Rumford
Status
Active
Days on market
N/A
On market date
October 21, 2026
Stories
2
Total bathrooms
2
Garage spaces
3
Parking spaces
10
Lot size
0.21 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
Myron J. Francis Elementary
0.67 mi away · Grades 0-5
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
380
Student:teacher ratio
14.1:1
District
East Providence
Middle
Dr. Kevin M. Hurley Middle School
1.5 mi away · Grades 6-8
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
451
Student:teacher ratio
10.3:1
District
Seekonk
High
Seekonk High
0.94 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
591
Student:teacher ratio
11.8:1
District
Seekonk

Walkability

Blended score for East 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). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

80
Highly walkable
out of 100
EPA National Walkability Index
16.0 / 20 -- Most walkable

Market position

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

On the market 0 days -- 45 fewer days than East Providence's current average of 45 days.
For reference, the median list price across 327 active listings in East Providence right now is $469,900.

Mortgage calculator

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

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Est. monthly payment
$3,938/mo
$125,800 down
$503,200 loan
Principal & interest$3,264
Property tax (est.)$524
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.