1. Rhode Island
  2. Providence
  3. 48 Hillside Avenue
$995,000

48 Hillside Avenue, Providence, RI 02906

  • 7 beds |
  • 5 baths |
  • 3,920 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1890
  • Property Lot Size Icon3,049sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $254/sqft
  • Property List Date Icon Listed 7 days ago

Property Description

Welcome to 48-50 Hillside Avenue — a meticulously maintained four-unit multifamily located in the heart of Providence’s desirable East Side. Priced at $995,000, this rare offering presents a unique opportunity to own a well-performing asset in one of the city’s most sought-after neighborhoods. The main building features three spacious units with hardwood floors, classic layouts, and separate utilities. A detached cottage serves as a fourth unit, bringing added value and flexibility. All units are tenant-occupied on month-to-month leases, providing immediate income and the ability to adjust rents to market rates — a key advantage in a high-demand rental area with below-market rents. Ideal for both investors and owner-occupants, this property offers strong upside potential. Owner-occupants may benefit from the Rhode Island Homestead Exemption, which can result in a significant reduction in annual property taxes, enhancing long-term affordability. The property has been exceptionally well maintained with updated systems, off-street parking, and separately metered utilities. Located just minutes from Blackstone Boulevard, Hope Street, local shops, cafés, universities, and downtown Providence, the location offers consistent demand and strong appreciation. This is a truly distinctive opportunity to acquire a turnkey property with built-in equity, strong rental demand, and room to scale — all in one of Providence’s most prestigious and vibrant neighborhoods.

Listing Status:
Active
Date Added:
May 18, 2025 at 05:00AM
Listing Office:
J. Christopher Real Estate Grp : 401-830-6906
MLS ID:
1385176
  • Appliances: Gas Water Heater
  • Laundry: Common Area
  • Basement: Exterior EntryFullInterior EntryUnfinished
  • Flooring: HardwoodVinyl
  • A/C: None
  • Heating: ElectricForced AirGasOil
  • Fireplace: Fireplaces: 0

This listing courtesy of J. Christopher Real Estate Grp

Location

Schools Nearby

M

Martin Luther King Elementary School

35 Camp St, Providence, RI, 02906

Grades PK-5

1.39 miles away

N

Nathan Bishop Middle School

101 Sessions St, Providence, RI, 02906

Grades 6-8

1.12 miles away

H

Hope High School

324 Hope St, Providence, RI, 02906

Grades 9-12

1.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.