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!
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
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#: 1387977

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