About This Home

This 8-bedroom, 3-bathroom residential multi family at 53 Alger Avenue in Providence, RI is listed for $675,000 ($162 per sqft). Built in 1930, the home offers 4,167 sqft of living space on a 0.14 acres lot.

Key Features

  • Built in 1930
  • 0.14 acre lot
  • 4 parking spaces

Property Details

3 full
4 spaces
1930
Listing Description

Excellent investment opportunity in Providence! This well-maintained, fully occupied 3-family property offers immediate rental income with tenants already in place. Each unit features spacious layouts, providing comfortable living and strong rental appeal.

Off-street parking adds convenience for tenants, making this an ideal addition to any investment portfolio. Located in the convenient South Providence neighborhood, the property is close to shopping, dining, grocery stores, and everyday amenities. Just minutes to Downtown Providence, Federal Hill, and major employers.

Conveniently located near Rhode Island Hospital, Hasbro Children's Hospital, Brown University, Johnson & Wales University, and Rhode Island School of Design. Easy access to I-95, Route 10, and I-195 provides seamless commuting throughout Rhode Island and into Massachusetts. Nearby Roger Williams Park, RIPTA transit, schools, and T.F. Green Airport complete this exceptional investment opportunity.

Monthly Cost Estimate

$3,610/mo

20% down · 6.5% · 30 years

Principal$488
Interest$2,925
Insurance$197

Estimates only. Actual payments may vary.

Location

53 Alger Avenue

Providence, RI 02907

Property Details

Flooring

Laminate

Construction

Vinyl Siding

Parking

None

Heating

OilBaseboard

Appliances

Electric Water Heater

Questions & Answers

This 8-bedroom, 3-bathroom residential multi family at 53 Alger Avenue is listed at $675,000 ($162/sqft). The estimated monthly payment is $3,610 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1930, 0.14 acre lot, 4 parking spaces.

This property is listed by Kyle Seyboth.

KS

Kyle Seyboth

Agent at Century 21 Limitless

Listed by Century 21 Limitless · Broker phone: (508) 726-3492 · View on Broker Site · Broker website

MLS# 1426518· Source: State Wide MLS of Rhode Island, Inc.· 11 days on PropertySimple

Copyright © 2026 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.

53 Alger Avenue, Providence, RI 02907

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