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48 Hillside Avenue, Providence, RI 02906

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For Sale

$995,000

7 beds • 4 baths • 1 half baths • 3,920 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $253.83
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 1385176

Courtesy Of J. Christopher Real Estate Grp

(401) 830-6906

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Hardwood, Vinyl
  • Heating System
    Forced Air
  • Lot Size
    0.07 Acres

Map and Directions

Directions to 48 Hillside Avenue, Providence, RI 02906

Home seller CENTURY 21 Butterman & Kryston, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Butterman & Kryston, Inc.

(401) 521-9490
Learn More About Us

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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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