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53 Sterling Avenue, 
Providence, RI 02909

$885,000


12

Beds


6

Baths


5,118

Sq Ft


Multi-Family


Virtual Tour

Pending

Listed by

John Slyman

New England Apartment Group

Last updated:

April 30, 2025, 04:54 PM

MLS#

1382940

Source:

RI STATEWIDE

About This Home

53 Sterling Avenue

53 Sterling is a well-maintained six-unit building generating $9,550/month ($115K annually), situated on a prime corner lot in Providence's Silver Lake neighborhood. 6 spacious two-bed, one-bath units, each with separate electric & gas meters (paid by tenants) and no trash removal expenses resulting in low operating costs. Additional highlights include ample off-street parking, all new heating systems, common areas redone, roof under 10 years, updated plumbing and electric & professional management. The building is fully occupied with clean, thoroughly vetted tenants and a strong history of high occupancy. Best comparable sale is 29 Blaine St, Providence, which sold for $965,000 in July 2024. That building featured all two-bed units and had a lower monthly rent roll of $8,800. 53 Sterling offers a turnkey opportunity with immediate cash flow and significant upside potential. Financials available upon request.

Home Facts

Multi-Family

6 Baths

12 Bedrooms

Built in 1900

Price Summary

885,000

$172 per Sq. Ft.

MLS #:

1382940

Last Updated:

April 30, 2025, 04:54 PM

Added:

17 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

6

Interior

Living Area:

5,118 Sq. Ft.


Structure

Structure

Building Area:

5,118 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

3,998


Finances & Disclosures

Finances

Price:

$885,000

Price per Sq. Ft:

$172 per Sq. Ft.

MLS Logo
The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Coldwell Banker Coastal Homes are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved. Date Last Update: April 30, 2025

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