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Overview

  • Updated On:
  • July 8, 2025
  • 3
  • Bathrooms
  • 11
  • Rooms
  • 5
  • Bedrooms
  • 0 ac
  • Property Lot Size

233 Waterman Avenue, East Providence, Residential Income

$ 599,000
233 Waterman Avenue,

Description

Turnkey Three-Family with Immediate Income Potential! Exceptional investment opportunity in this updated three-family property. Boasting a new roof, new vinyl siding, and newer replacement windows, this property ensures low exterior maintenance for years to come. One unit has been beautifully remodeled with a stunning new kitchen featuring quartz countertops and stainless steel appliances, new flooring, and a renovated modern bathroom. Vacant and ready for immediate occupancy, this premium unit is ideal for a “house hacker” – live in luxury while the rental income from the other two units significantly offsets your mortgage!

Nestled in East Providence, this property offers a peaceful residential setting with unparalleled convenience. Just minutes from Providence, it’s exceptionally close to major hospitals (Rhode Island Hospital, Miriam Hospital) and numerous colleges and universities (Brown University, RISD, Providence College). The highly sought-after East Side of Providence, known for its charming shops and restaurants, is also a short drive away, further enhancing the property’s value and rental demand.

Don’t miss this robust, income-producing asset in a high-demand rental market! Ideal for investors or owner-occupants looking to live virtually for free. Schedule your private showing today!

Property Id : 565782
Price: $ 599,000
Property Lot Size: 0 ac
Rooms: 11
Bedrooms: 5
Bathrooms: 3
Basement: Full,Walkout,Unfinished,Laundry
Bathrooms Full: 3
Bathrooms Half: 0
Building Area Total (sqft): 2665
Community Features: Bus,Commuter Bus,Golf,Highway Access,Hospital,Interstate,Marina,Private School,Public School,Railroad,Recreational Facilities,Restaurants,Schools,Shopping,Near Swimming,Tennis
Construction Materials: Dry Wall,Plaster,Vinyl Siding
Cooling: None
Other Equipment: Cable TV
Parking Total: 0
Electric: 200 Amps
Fireplace Features: None
Fireplaces Total: 0
Flooring: Hardwood,Laminate
Foundation Details: Brick/Mortar,Mixed
Garage Spaces: 0
Heating: Natural Gas,Baseboard
Laundry Features: Common Area
MLS Listing #: 1387977
Living Area Source: Appraiser
Living Area Units: Square Feet
Lot Features: Fenced
Lot Size SQFT: 5000
MLS Status: Pending
Number Of Units Total: 3
Parking Features: No Garage
Bathroom Features: Bath w Tub & Shower
Sewer: Connected,Public Sewer
State: RI
Stories: 3
Street Name: Waterman
Street Number: 233
StreetNumberNumeric: 233
Street Suffix: Avenue
Structure Type: Up/Down
Annual Taxes: 6800
Water Source: Municipal,Public
Year Built: 1900
Zoning: C1
Address: 233 Waterman Avenue
State/County:
Zip: 02914
Country: US
Open In Google Maps
Other Features
Attic
Attic Storage
Dishwasher
Dryer
Gas Water Heater
Has Heating System
Insulation (Unknown)
Microwave
Oven/Range
Plumbing (Copper)
Plumbing (Mixed)
Plumbing (PEX)
Property Attached
Refrigerator
Wall (Dry Wall)
Wall (Plaster)
Washer
$ 3,545.23
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 2,796.48
Tue 22 Jul
Wed 23 Jul
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Fri 25 Jul
Sat 26 Jul
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Thu 31 Jul
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DISCLAIMER TEXT: 233 Waterman Avenue | 565782 : IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2024 State-Wide Multiple Listing Service. All rights reserved.

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