A RARE PROVIDENCE VALUE-ADD WITH BONUS DEVELOPMENT POTENTIAL. Well-kept 6-unit (legal 5) property in Providence’s Charles neighborhood offering strong current income with substantial upside still on the table. Below-market month-to-month rents create immediate opportunity for increased rents, while basic interior renovations offer additional value-add potential. Major capital improvements have already been handled, including a 2-year-old roof, majority newer windows, multiple newer water heaters, foundation repairs, and vinyl siding. The property also offers ample rear parking on a separate, buildable lot, creating rare future development potential beyond the existing asset. Strong infrastructure, flexible tenancy, and multiple paths to increased returns make 513 Charles Street a compelling investment from day one.
513 Charles St, Providence RI 02904
Providence, RI 02904
- Property type
- 5+ Family - 5+ Units Side by Side
- Status
- Active
- Year built
- 1900
- Lot size
- 0.11 acres
- Living area
- 3,550 sf
- MLS#
- 8e2a62a495bd5ca60e2e9f904d2e46c6
- Beds · Baths
- 10 · 6
Providence, RI.
Providence stacks Federal and Victorian houses up College Hill above a compact downtown, with the rivers, the arts district and the restaurants of Federal Hill below.
Estimated Monthly Payment+
Indicative conversion — settlement always in USD.
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Listings updated Oct 24, 2026



