142 Dover St, Providence, RI 02908

Cash-Flow in Mount Pleasant with 8.1% Cap Rate! A spacious three-family with a finished basement featuring a full bath and two bonus rooms, generating nearly $70,000 in annual rent. The attic, currently divided into three storage rooms, offers additional potential income or additional potential living space. Major updates include a new roof (2019), boiler replacement (2019), hot water tanks (2021 & 2024), renovated kitchens and bathrooms (2024). Tenant-paid utilities, hardwood floors, off-street parking, and a quiet, wide street lined with mostly single-family homes add to the property’s turnkey appeal. Whether you’re an owner-occupant using FHA financing or an investor seeking immediate cash flow, this property delivers affordability, strong income from day one, and long-term upside—all in a prime location near Rhode Island College, La Salle Academy, and Federal Hill. Open House Saturday, August 23 | 11:00 AM – 1:00 PM Sunday, August 24 | 11:00 AM – 1:00 PM