1. Rhode Island
2. East Providence
3. 233 Waterman Avenue

233 Waterman Avenue, East Providence, RI 02914

• 5 beds |
• 3 baths |
• 2,665 sqft

Property Description

Turnkey Three-Family with Immediate Income Potential! Exceptional investment opportunity in this updated three-family property. Boasting a new roof, new vinyl siding, and newer replacement windows, this property ensures low exterior maintenance for years to come. One unit has been beautifully remodeled with a stunning new kitchen featuring quartz countertops and stainless steel appliances, new flooring, and a renovated modern bathroom. Vacant and ready for immediate occupancy, this premium unit is ideal for a "house hacker" – live in luxury while the rental income from the other two units significantly offsets your mortgage! Nestled in East Providence, this property offers a peaceful residential setting with unparalleled convenience. Just minutes from Providence, it's exceptionally close to major hospitals (Rhode Island Hospital, Miriam Hospital) and numerous colleges and universities (Brown University, RISD, Providence College). The highly sought-after East Side of Providence, known for its charming shops and restaurants, is also a short drive away, further enhancing the property's value and rental demand. Don't miss this robust, income-producing asset in a high-demand rental market! Ideal for investors or owner-occupants looking to live virtually for free. Schedule your private showing today!

Listing Status:

Active

Date Added:

June 18, 2025 at 05:00AM

Listing Office:

Smith and Oak Real Estate Co. : 401-464-2617

MLS ID:

1387977

Interior

• General: AtticStorageTub ShowerCable TV
• Appliances: DryerDishwasherGas Water HeaterMicrowaveOvenRangeRefrigeratorWasher
• Laundry: Common Area
• Basement: FullUnfinishedWalk-Out Access
• Flooring: HardwoodLaminate
• A/C: None
• Heating: BaseboardGas
• Fireplace: Fireplaces: 0

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Smith and Oak Real Estate Co.