Description
Welcome to 48-50 Hillside Avenue — a meticulously maintained four-unit multifamily located in the heart of Providence’s desirable East Side. Priced at $995,000, this rare offering presents a unique opportunity to own a well-performing asset in one of the city’s most sought-after neighborhoods.
The main building features three spacious units with hardwood floors, classic layouts, and separate utilities. A detached cottage serves as a fourth unit, bringing added value and flexibility. All units are tenant-occupied on month-to-month leases, providing immediate income and the ability to adjust rents to market rates — a key advantage in a high-demand rental area with below-market rents.
Ideal for both investors and owner-occupants, this property offers strong upside potential. Owner-occupants may benefit from the Rhode Island Homestead Exemption, which can result in a significant reduction in annual property taxes, enhancing long-term affordability.
The property has been exceptionally well maintained with updated systems, off-street parking, and separately metered utilities. Located just minutes from Blackstone Boulevard, Hope Street, local shops, cafés, universities, and downtown Providence, the location offers consistent demand and strong appreciation.
This is a truly distinctive opportunity to acquire a turnkey property with built-in equity, strong rental demand, and room to scale — all in one of Providence’s most prestigious and vibrant neighborhoods.
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