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31 Beds
16 Baths
13,216 sqft

$2,599,999

461 Elmwood Avenue, Providence RI, 02907

Price per sqft$196.73
Built in1930
Property size13,216 sqft
Property typeMulti-family

Overview

Active

Listed Oct 27, 2026

Updated 12h ago

RARE FIND! Cash Flow Positive with 9% Cap Rate 16 Residential Units Fully registered with Lead Certificates in place. Gross annual rent of $329,000 with NOI of $235,000. Renovated inside and out in 2024. New gas lines, electric upgrades, new hot water heaters and many cosmetic updates. Unit Mix - Five 3 bed / 1 bath. Three 2 bed / 1 bath. Five 1 bed / 1 bath. Three Studio / 1 bath. Seller is licensed RE agent.

$17,298/mo

Est. mortgage payment based on a $2,599,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1427053

Interior Features

Bedrooms
31
Bathrooms
16
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.13 Acres

Other Property Details

Taxes
$45,036
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of The Greene Realty Group, 888-278-5840

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Mott & Chace Sotheby's International Realty are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

©2026 State-Wide MLS, Inc. All rights reserved.

Data last updated 2:35 PM UTC, 10/29/2026.

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