For sale

Price cut: $50K (9/16)

$599,000

83 Terrace Ave, Providence, RI 02909

5beds

2,514sqft

$3,934/mo

Get pre-qualified

Multi Family

Built in 1900

-- sqft lot

$599,000 Zestimate^®

$238/sqft

$-- HOA

What's special

Off-street parking

Silver Lake 3-Family Investor or Owner-Occupant Opportunity. Three units in one of Providence's steadiest rental pockets. The setup is a 1-bedroom first-floor unit plus two 2-bedroom apartments on the second and third floors, with an attached 2-car garage and off-street parking. Live in one and let the other two carry you, or drop it straight into your portfolio. Projected $72,000 in annual rental income once all units are rented at market rate. All tenants are currently month-to-month. Strong in-place and market rents, Section 8 friendly, and a location that stays rented. Whether you're house-hacking your first multi or adding to a growing portfolio, this is a turnkey three-unit in a neighborhood that holds its demand. Schedule your showing today.

30 days
518
19

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Bathroom

Features: Bath w Tub & Shower

Heating

Natural Gas, Baseboard

Cooling

Wall Unit(s)

Appliances

Included: Gas Water Heater
Laundry: Off Site

Features

Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown)
Flooring: Hardwood, Laminate, Other
Basement: None
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 2,964
Total interior livable area: 2,514 sqft

Property

Parking

Total spaces: 2
Parking features: Attached
Attached garage spaces: 2

Features

Stories: 3
Patio & porch: Patio, Porch

Lot

Size: 2,962 Square Feet
Features: Sidewalks

Details

Parcel number: PROVM104L587
Zoning: R-3

Construction

Type & style

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

Materials

Dry Wall, Masonry, Other Siding, Shingles, Vinyl Siding

Condition

New construction: No
Year built: 1900

Utilities & green energy

Electric: 100 Amp Service
Sewer: Public Sewer
Water: Public
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Community

Features: Near Public Transport, Commuter Bus, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Restaurants, Schools, Near Shopping
Subdivision: Silver Lake

HOA

Has HOA: No

Location

Region: Providence

Financial & listing details

Price per square foot: $238/sqft
Tax assessed value: $531,600
Annual tax amount: $4,014
Date on market: 8/31/2026
Inclusions: Pro Forma Rental Income (Annual) Unit 1 -$1, 800/mo $21, 600/yr // Unit 2 - $2, 100/mo $25, 200/yr // Unit 3 - $2, 100/mo $25, 200/yr // Total: $5, 700/mo $72, 000/yr gross Buyer and buyer's agent are responsible for conducting their own due diligence and independently verifying all information. Neither seller nor listing agent/brokerage makes any representation or warranty as to the accuracy of any information provided. Some photos may be virtually staged and/or edited.
Total actual rent: 5225

Estimated market value

$599,000

$569,000 - $629,000

$2,472/mo

Price history

Date	Event	Price
9/16/2026	Price change	$599,000-7.7%$238/sqft
Source: StateWide MLS RI #1421951 Report a problem
8/31/2026	Listed for sale	$649,000+154.5%$258/sqft
Source: StateWide MLS RI #1421951 Report a problem
6/2/2021	Sold	$255,055-7.3%$101/sqft
Source: StateWide MLS RI #1274324 Report a problem
3/16/2021	Pending sale	$275,000$109/sqft
Source: StateWide MLS RI #1274324 Report a problem
1/29/2021	Listed for sale	$275,000+100.7%$109/sqft
Source: StateWide MLS RI #1274324 Report a problem
3/27/2015	Sold	$137,000-2.1%$54/sqft
Source: Public Record Report a problem
1/26/2015	Price change	$139,900-9.7%$56/sqft
Source: White Lion Real Estate, Inc. #1087143 Report a problem
8/23/2014	Price change	$155,000-3.1%$62/sqft
Source: White Lion Real Estate, Inc. #1074889 Report a problem
7/31/2014	Price change	$159,999-5.8%$64/sqft
Source: White Lion Real Estate, Inc. #1074889 Report a problem
6/10/2014	Price change	$169,900-5.1%$68/sqft
Source: White Lion Real Estate, Inc. #1064725 Report a problem
4/13/2014	Listed for sale	$179,000+2712.7%$71/sqft
Source: White Lion Real Estate, Inc. #1064725 Report a problem
3/5/2014	Sold	$6,364-87.8%$3/sqft
Source: Public Record Report a problem
10/28/2013	Sold	$52,000+16.9%$21/sqft
Source: Public Record Report a problem
1/11/2013	Listing removed	$44,500$18/sqft
Source: Westcott Properties #71349309 Report a problem
11/9/2012	Listed for sale	$44,500$18/sqft
Source: Westcott Properties Inc #1012083 Report a problem
9/2/2012	Listing removed	$44,500$18/sqft
Source: Westcott Properties #71349309 Report a problem
6/23/2012	Price change	$44,500-10%$18/sqft
Source: Westcott Properties #71349309 Report a problem
4/17/2012	Price change	$49,450-9.2%$20/sqft
Source: Westcott Properties #71349309 Report a problem
3/10/2012	Listed for sale	$54,450-42.7%$22/sqft
Source: Westcott Properties #71349309 Report a problem
11/25/2003	Sold	$95,000+90%$38/sqft
Source: Public Record Report a problem
2/26/1996	Sold	$50,000$20/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,014 -38.2%	$531,600 +50.2%
2024	$6,496 +3.1%	$354,000
2023	$6,301	$354,000
2022	$6,301 +19.4%	$354,000 +64.7%
2021	$5,278 +0%	$214,900
2020	$5,278 +66.6%	$214,900
2019	$3,168 +21.7%	$214,900 +55.2%
2018	$2,604 -41.2%	$138,500
2017	$4,426	$138,500
2016	$4,426 -7.7%	$138,500 -4.4%
2015	$4,793 +83.5%	$144,800 +87.1%
2013	$2,612 -35.4%	$77,400 -39%
2012	$4,044	$126,800
2011	$4,044 +5%	$126,800
2010	$3,852	$126,800 -18%
2009	--	$154,700
2007	$3,533	$154,700 +62%
2006	--	$95,500
2005	--	$95,500