123 Putnam St, Providence, RI 02909

Discover an exceptional investment or owner-occupied opportunity with this spacious three-family home in the sought-after Olneyville neighborhood of Providence. Offering a total of 3,786 sq. ft. of living space—approximately 1,262 sq. ft. per unit—this property features strong rental income, numerous upgrades, and ample parking. Each of the three units offers three bedrooms, one full bathroom, and a desirable double-parlor layout, totaling nine bedrooms and three bathrooms overall. The finished basement includes three versatile rooms ideal for storage, an office, or additional living space, along with a kitchenette and a full bathroom. Seven dedicated parking spaces are located in a private lot behind the house, providing convenience for both tenants and guests. Built in 1908, the home offers a solid structure with a blend of classic charm and modern updates. Recent 2023 upgrades include new Navien Combi Boilers in all three units, providing efficient heating and hot water; new vinyl siding for enhanced curb appeal and low-maintenance upkeep; a brand-new roof for long-term durability; and a fully renovated first-floor unit that is move-in ready with modern updates and high-quality finishes. Whether you’re looking to expand your investment portfolio or live in one unit while tenants help cover the mortgage, this property delivers on all fronts.