124 Waterman Avenue, East Providence, RI 02914

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$699,000

bedrooms

bathrooms

square feet

3,134

Acreage

Open Houses

year built

1910

Full Baths

Half Baths

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This five-unit property in East Providence is an ideal investment opportunity. The units are in great condition. The property includes 11 off-street parking spots and a two-car garage that could generate extra income. It is located in a great area, making it even more appealing to potential tenants. This building has a proven record of strong rental history for over 20 years. The rents are currently lower than market value. The five units include four one-bedroom units and one two-bedroom unit. In addition to being in great condition, each unit has separate utilities and coin-operated laundry and storage in the basement. One unit is now available to rent, freshly painted, featuring a new bathroom floor and new toilet. It's available instantly with a revised rental rate at your chosen price to immediately boost the cap rate!

Location
Subdivision	Central
County	Providence
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 1380193

Listing agent: Slocum Home Team

Listing broker: Slocum Realty (401) 862-7012

Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Friday, April 25 2025 at 5:01 p.m. EDT

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