Property Description
Located in the heart of Historic Smith Hill's revitalization, this expansive three-family home features spacious layouts across all three units, including high ceilings, beautiful pine flooring, and private porches. Each unit offers three generous bedrooms, a large living room, and a flexible dining room or double parlor setup, appealing to a wide range of tenants. The first-floor owner's unit is vacant and freshly updated, featuring a new bathroom, refreshed finishes, and move-in ready condition perfect for an owner-occupant or premium rental. Additional highlights include new vinyl replacement windows throughout, vinyl siding, and separate utilities for each unit to simplify management. The second and third floor units are currently rented below market, offering immediate upside for investors as market rents in the area continue to rise. Located just a short walk to Providence College, this property is an excellent candidate for student rentals and is minutes from the train station, I-95, 295, and 146, with easy access to Federal Hill, the East Side, and downtown Providence. A prime opportunity to own a well-maintained, income-generating property in a high-demand rental market with strong long-term growth potential.
Overview
Property Type
Multi-family
Location
16 Ruggles Street, Providence, RI 02908
MLS ID
1405914
Listing Last Updated
Property Features & Amenities
Interior
Total Bedrooms
9
Full Bathrooms
3
Flooring
Ceramic Tile, Wood
Appliances
Gas Water Heater, Oven, Range, Refrigerator, Water Heater
Other Interior Features
Interior Steps
Exterior
Stories
3
Garage Spaces
1.0
Water Source
Connected
Utilites
Sewer Connected
Parking
Detached, Garage
Heat Type
Baseboard, Gas, Oil, Space Heater
Air Conditioning
None
Sewer
Connected
Substructure
Combination
Other Exterior Features
Balcony, Porch, Paved Driveway
Details
Total Area
3,513 Sq.Ft.
Neighborhood
Smith Hill
Architecture Styles
Stacked
Financial
Price
$679,900
Real Estate Tax
$8,246/yr
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