Pending

$710,000

53 Alger Ave, Providence, RI 02907

8beds

3,124sqft

$4,563/mo

Get pre-qualified

Multi Family

Built in 1930

-- sqft lot

$715,600 Zestimate^®

$227/sqft

$-- HOA

What's special

Off-street parkingSpacious layouts

Excellent investment opportunity in Providence! This well-maintained, fully occupied 3-family property offers immediate rental income with tenants already in place. Each unit features spacious layouts, providing comfortable living and strong rental appeal. Off-street parking adds convenience for tenants, making this an ideal addition to any investment portfolio. Located in the convenient South Providence neighborhood, the property is close to shopping, dining, grocery stores, and everyday amenities. Just minutes to Downtown Providence, Federal Hill, and major employers. Conveniently located near Rhode Island Hospital, Hasbro Children's Hospital, Brown University, Johnson & Wales University, and Rhode Island School of Design. Easy access to I-95, Route 10, and I-195 provides seamless commuting throughout Rhode Island and into Massachusetts. Nearby Roger Williams Park, RIPTA transit, schools, and T.F. Green Airport complete this exceptional investment opportunity.

69 days
31
1

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 3
Full bathrooms: 3

Heating

Oil, Baseboard

Cooling

None

Appliances

Included: Electric Water Heater

Features

Flooring: Laminate, Other
Basement: Full,Interior Entry,Unfinished
Has fireplace: No

Interior area

Total structure area: 4,167
Total interior livable area: 3,124 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 4
Parking features: No Garage

Lot

Size: 6,098 Square Feet

Details

Parcel number: PROVM88L20

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Vinyl Siding

Condition

New construction: No
Year built: 1930

Utilities & green energy

Electric: Circuit Breakers
Utilities for property: Sewer Connected, Water Connected

Community & HOA

HOA

Has HOA: No

Location

Region: Providence

Financial & listing details

Price per square foot: $227/sqft
Tax assessed value: $514,200
Annual tax amount: $7,199
Date on market: 7/8/2026
Total actual rent: 6000
Tenant pays: Heat

Estimated market value

$715,600

$680,000 - $751,000

$2,379/mo

Price history

Date	Event	Price
7/15/2026	Pending sale	$710,000$227/sqft
Source: StateWide MLS RI #1417202 Report a problem
7/8/2026	Listed for sale	$710,000+181.7%$227/sqft
Source: StateWide MLS RI #1417202 Report a problem
4/21/2023	Sold	$252,000+546.2%$81/sqft
Source: Public Record Report a problem
10/24/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
9/23/2021	Listed for rent	$1,700$1/sqft
Source: Zillow Rental Manager Report a problem
10/28/1996	Sold	$39,000$12/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,199 +13.9%	$514,200 +49.3%
2024	$6,320 +3.1%	$344,400
2023	$6,130	$344,400
2022	$6,130 +20.8%	$344,400 +66.7%
2021	$5,074 0%	$206,600
2020	$5,074	$206,600
2019	$5,074 +2.2%	$206,600 +33%
2018	$4,963 +0%	$155,300
2017	$4,963	$155,300
2016	$4,963 +34.1%	$155,300 +38.9%
2015	$3,701 -1.9%	$111,800
2013	$3,773 -15%	$111,800 -19.7%
2012	$4,439	$139,200
2011	$4,439 +5%	$139,200
2010	$4,229 -43.9%	$139,200 -55.3%
2009	$7,534 +6%	$311,200
2007	$7,108 +17.6%	$311,200 +55.6%
2006	$6,046	$200,000
2005	$6,046	$200,000