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Sold for $617,000 on 08/08/25
  • $617,000

    233 Waterman Ave, East Providence, RI 02914

    5beds
    2,665sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $617,100 Zestimate®
    $232/sqft
    $1,963 Estimated rent

    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: August 08, 2025 at 07:40am

    Listed by:

    William Dubois 401-203-5302,

    Smith and Oak Real Estate Co.

    Bought with:

    Brooke Buckett, RES.0045279

    RE/MAX River's Edge

    Source: StateWide MLS RI,MLS#: 1387977MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Bathroom
    • Features: Bath w Tub & Shower
    Heating
    • Natural Gas, Baseboard
    Cooling
    • None
    Appliances
    • Included: Gas Water Heater, Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
    • Laundry: Common Area
    Features
    • Wall (Dry Wall), Wall (Plaster), Plumbing (Copper), Plumbing (Mixed), Plumbing (PEX), Insulation (Unknown)
    • Flooring: Hardwood, Laminate
    • Basement: Full,Walk-Out Access,Unfinished,Laundry
    • Attic: Attic Storage
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 2,665
    • Total interior livable area: 2,665 sqft

    Property

    Parking
    • Parking features: No Garage
    Features
    • Stories: 3
    • Fencing: Fenced
    Lot
    • Size: 5,000 sqft
    Details
    • Parcel number: EPROM206B16L007U
    • Zoning: C1
    • Special conditions: Conventional/Market Value
    • Other equipment: Cable TV

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Dry Wall, Plaster, Vinyl Siding
    • Foundation: Brick/Mortar, Mixed
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Electric: 200+ Amp Service
    • Sewer: Public Sewer
    • Water: Municipal, Public
    • Utilities for property: Sewer Connected

    Community & neighborhood

    Community
    • Community features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
    Location
    • Region: East Providence

    HOA & financial

    Other financial information
    • Total actual rent: 3228
    Services availability
    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $617,100
    2% more+ $12,342
    With Zillow Showcase(estimated)
    $629,442