65 Russo Street Providence

$625,000
4,356 sq ft

The Property

Welcome to 65 Russo Street, a prime investment opportunity in a high-demand rental area. This fully occupied 6-unit residential building features all 2-bedroom, 1-bathroom units, generating over $8,000 in monthly rental income with solid long-term tenants in place.

The property offers immediate cash flow and significant upside potential through value-add improvements and rental rate increases. Additionally, there is an exclusive opportunity to purchase an adjacent vacant lot—ideal for future development or added amenities (inquire for more details).

Whether you’re looking to expand your portfolio or enter a stable rental market with growth potential, 65 Russo Street checks all the boxes. Don’t miss this chance to acquire a performing asset with room to scale.

Can also be sold as a package with 21 Russo St.

Read more

Contact Associate

Listing Details

MLS Number

1385151

Lot Size:

0.10 acres

Features

  • Basement: Full
  • Heating: Forced Water
  • Heating Fuel: Forced Water
  • Urban
  • Year Built: 1910

Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today74-89.5% decrease in inventory
    New on Market *10-47.4% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$75.17$58,670 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$485,000$471,250 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *97.19%3.7% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$180.97$24 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *48460 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Keller Williams Leading Edge

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