For sale

Price cut: $49.9K (8/31)

$550,000

61 Douglas Ave, Providence, RI 02908

5beds

2,634sqft

$3,642/mo

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Multi Family

Built in 1930

-- sqft lot

$546,300 Zestimate^®

$209/sqft

$-- HOA

What's special

Separately functioning residential unitsAbundant natural lightSpacious layouts

Fully leased and income-producing 3-family in Providence offering immediate cash flow for investors or an excellent future owner-occupant opportunity. All three units are currently rented, generating strong rental income from day one. The property features spacious layouts, abundant natural light, a full unfinished basement with washer and dryer providing excellent storage, and separately functioning residential units. Conveniently located along Douglas Avenue with quick access to Downtown Providence, Providence College, Rhode Island College, Route 146, I-95, I-295, shopping, restaurants, and public transportation. Whether you’re looking to expand your investment portfolio or live in one unit while generating rental income from the others, this is a strong opportunity in a high-demand rental market. Will come with first floor vacant for owner occupied.

41 days
790
69

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Heating

Natural Gas, Steam

Cooling

None

Appliances

Included: Gas Water Heater

Features

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

Interior area

Total structure area: 3,552
Total interior livable area: 2,634 sqft

Video & virtual tour

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Property

Parking

Total spaces: 2
Parking features: No Garage

Lot

Size: 3,049 Square Feet

Details

Parcel number: PROVM68L415

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: $209/sqft
Tax assessed value: $470,600
Annual tax amount: $3,553
Date on market: 8/31/2026
Total actual rent: 3050
Tenant pays: Heat

Estimated market value

$546,300

$519,000 - $574,000

$2,310/mo

Price history

Date	Event	Price
8/31/2026	Price change	$550,000-8.3%$209/sqft
Source: StateWide MLS RI #1421978 Report a problem
7/26/2026	Price change	$599,900-7.7%$228/sqft
Source: StateWide MLS RI #1418912 Report a problem
6/29/2026	Listed for sale	$650,000+132.1%$247/sqft
Source: StateWide MLS RI #1416627 Report a problem
3/13/2020	Sold	$280,000+90.8%$106/sqft
Source: StateWide MLS RI #1245575 Report a problem
7/30/2019	Sold	$146,740$56/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,553 -37.6%	$470,600 +51.7%
2024	$5,692 +3.1%	$310,200
2023	$5,522	$310,200
2022	$5,522 +7%	$310,200 +47.6%
2021	$5,163 +66.7%	$210,200
2020	$3,098 +19.7%	$210,200
2019	$2,587 +28.6%	$210,200 +56.6%
2018	$2,012 -53.1%	$134,200
2017	$4,289	$134,200
2016	$4,289 +9.2%	$134,200 +13.2%
2015	$3,926 -1.9%	$118,600
2013	$4,003 -25.7%	$118,600 -29.8%
2012	$5,389	$169,000
2011	$5,389 +5%	$169,000
2010	$5,134 -12.4%	$169,000 -30.2%
2009	$5,859 +6%	$242,000
2007	$5,527 +33%	$242,000 +76%
2006	$4,157	$137,500