461 Elmwood Avenue 465, Providence, RI 02907

$2,599,999
12
BD
4
BA
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List Price
$2,599,999
MLS#
1427053
Status
ACTIVE
Type
Multifamily
City
Providence
County
Providence
Bedrooms
12
Bathrooms
4
Year Built
1930
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(617) 828-6466

Property Description

RARE FIND! Cash Flow Positive with 9% Cap Rate 16 Residential Units Fully registered with Lead Certificates in place. Gross annual rent of $329,000 with NOI of $235,000. Renovated inside and out in 2024. New gas lines, electric upgrades, new hot water heaters and many cosmetic updates. Unit Mix - Five 3 bed / 1 bath. Three 2 bed / 1 bath. Five 1 bed / 1 bath. Three Studio / 1 bath. Seller is licensed RE agent.

(617) 828-6466
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Additional Information

Electric
Separate Meters
Basement
Exterior Entry, Full, Interior Entry, Partially Finished
Cooling
Window Unit(s)
Sewer
Connected, Public Sewer
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Listing courtesy of Listing Agent: Derek Greene from Listing Office: The Greene Realty Group.

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this firm are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright ©2026 State-Wide MLS, Inc. All rights reserved. Data Last Updated: