391 Waterman Ave

East Providence, RI 02914
Beds
5
Baths
5
Square Ft.
2,672
$875,000
This well-maintained 5-unit property features a unit mix of 3 studios and 2 one-bedroom apartments. It currently generates $6,200 in monthly rental income with clear upside potential through rent increases to market levels. Two out of five apartments have been renovated.The property has had key capital improvements already completed, includingRead MoreRead Less
Courtesy of Grove Property Group, Harry Verenis.
Listing Snapshot
Days Online
49
Last Updated
Property Type
5+ Family - 5+ Units Up/Down
Beds
5
Full Baths
5
Square Ft.
2,672
Lot Size
0.1 Acres
Year Built
1920
MLS Number
73509413
30 Days Snapshot Of 02914
$450k
-6%
(avg) sold price
3
+200%
homes sold
54
+68%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement: "Bulkhead", "Slab"
Building
Building Area Total: 2672, Building Area Units: Square Feet, Construction Materials: "Frame", Living Area: 2672, Stories Total: 5, Year Built Source: Public Records, Year Built: 1920, Number Of Units Total: 5
Expenses
Insurance Expense: $5,600
Foundation
Foundation Details: "Concrete Perimeter"
Income
Gross Income: 74400
Lot
Lot Size Acres: 0.1, Lot Size Area: 0.1, Lot Size Square Feet: 4397, Lot Size Units: Acres, Parcel Number: 19764
Parking
Parking Features: "Paved Drive", "Off Street", Parking Total: 7, Open Parking
Property
Property Sub Type: 5+ Family - 5+ Units Up/Down, Zoning: C2
Sewer
Sewer: "Public Sewer"
Taxes
Tax Annual Amount: 9508, Tax Year: 2025
Utilities
Electric: "Common", Water Source: "Public"
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Alex Parmenidez
Realtor
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