233 Waterman Avenue, East Providence, RI 02914 - Photo 1

1/1

$617,000

Sold
Closed
Multi-Family
3 Units
5 Total Beds
0.1148 Acres

1/1

Property Description

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!

Full Property Details

Full Property Details for 233 Waterman Ave

General

Sold For: $617,000
Taxes: $6,800 (2025)
Status: Closed
Type: Multi-Family
Source: STWMLS
MLS ID: 1387977
Added to Site: 214 day(s) ago

Interior

Number of Rooms: 11
Interior Features: Attic, Storage, Tub Shower, Cable TV
Fireplace(s): None
Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
Flooring: Hardwood, Laminate

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 3

Bedrooms

Total Bedrooms: 5

Other Rooms

Laundry: Common Area

Additional Information

Tennis: Yes

Parking

Parking Features: No Garage

Location

County: Providence
Near Highway: Yes

Heating & Cooling

Cooling Type: None
Heating Type: Baseboard, Gas

Utilities

Sewer: Connected, Public Sewer
Water: Public
Utility Description: Sewer Connected

Structural Information

# Buildings: 1
Detached/Attached: Detached
Construction: Drywall, Plaster, Vinyl Siding
Basement: Yes
Basement Desc.: Full, Unfinished, Walk-Out Access
Stories/Levels: 3
Building Size: 2665
Finished Total: 2,665 Sq. Ft.
Finished Above Grnd: 2,665 Sq. Ft.
Year Built: 1900

Lot Features

Lot Size (Acres): 0.1148
Lot Size (Sq. Ft.): 5,000
Lot Size: 5000
Fencing (Description): Fenced

Financial Considerations

Operating Expenses: $5,000
Tax Amount: $6,800
Tax Year: 2025

Disclosures and Reports

Property ID: 233WATERMANAVEPRO
Block: 16
Lot Number: 7

Listed by Smith and Oak Real Estate Co.
Sold by RE/MAX River's Edge

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— 233 Waterman Ave —

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Schools

Schools serving 233 Waterman Ave

School District:East Providence School District

Name	Grades	Distance
East Providence High School 2000 Pawtucket Avenue, East Providence, RI 02914	9-12	0.7 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 233 Waterman Ave

Date

Details

Price

Change

Source

8/08/2025

Sold

$617,000

3.01%

MLS

6/18/2025

Listed

$599,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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233 Waterman Avenue, East Providence, RI 02914 (MLS# 1387977) is a Multi-Family property that was sold at $617,000 on August 08, 2025. Want to learn more about 233 Waterman Avenue? Do you have questions about finding other Multi-Family real estate for sale in East Providence? You can browse all East Providence real estate or contact a Coldwell Banker agent to request more information.

233 Waterman Ave East Providence, RI 02914