Back

1 of 28

2 of 28

3 of 28

4 of 28

5 of 28

6 of 28

7 of 28

8 of 28

9 of 28

10 of 28

11 of 28

12 of 28

13 of 28

14 of 28

15 of 28

16 of 28

17 of 28

18 of 28

19 of 28

20 of 28

21 of 28

22 of 28

23 of 28

24 of 28

25 of 28

26 of 28

27 of 28

28 of 28

393 Waterman Ave
East Providence, RI 02914 Outer East Bay

$875,000 USD

Apartments For Sale • 2,672 SF

Property Details

Property Type Apartments
Total Building Size 2,672 SF
Lot Size 0.1 AC
Building Class C
Year Built 1920
Cap Rate 6.00 %
Zoning C2

40 Transit Score

70 Walk Score

                
                    Highlights
                
                                Well-maintained 5 unit building
                            
                                Proven value-add strategy in renovated units 
                            
                                New roof, driveway, and majority of windows replaced.

Financial Summary (Actual)

Net Operating Income: $48,640 USD (2025)

Cap Rate:	6.00 %
Total Expenses:	$25,760 USD

Amenities

Air Conditioning
Kitchen
Refrigerator
Oven
Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
Providence (Providence/Stoughton Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line))	9 min	-	4.0 mi
South Attleboro (Providence/Stoughton Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line))	11 min	-	6.3 mi
Airport	Drive	Walk	Distance
Rhode Island Tf Green International	22 min	-	10.9 mi
Worcester Regional	66 min	-	48.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Harry Verenis 617-697-4796 Grove Property Group

393 Waterman Ave East Providence, RI 02914 Outer East Bay