58 Central Avenue, East Providence, RI 02914 - Photo 1

1/1

$575,000

Sold
Closed
Apartment
3 Beds
3 Full Baths
0.26 Acres

1/1

Property Description

Beautifully updated and remodeled, this income-producing 3-unit building offers a rare opportunity for investors or owner-occupants. Currently generating over $50,000 in annual income, this property is a turn-key investment with the added bonus of a possible buildable lot ideal for future expansion or potential subdivision. Each unit features one bedroom, attracting long-term tenants and ensuring low-maintenance management. Over the past 10 20 years, the property has undergone comprehensive renovations, including updates to the roof, siding, windows, and heating systems, providing peace of mind for years to come. The property also boasts ample parking and a spacious yard for tenant enjoyment. Conveniently located near the East Side of Providence and major highways (Routes 95, 195, and 6), this is a rare find with strong cash flow and tremendous upside potential for a savvy buyer.

Full Property Details

Full Property Details for 58 Central Ave

General

Sold For: $575,000
Taxes: $5,830 (2025)
Status: Closed
Type: Apartment
Source: STWMLS
MLS ID: 1395819
Added to Site: 116 day(s) ago

Interior

Number of Rooms: 9
Interior Features: Tub Shower
Fireplace(s): None
Appliances: Oven, Range, Refrigerator, Water Heater
Flooring: Carpet, Laminate, Vinyl

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 3

Bedrooms

Total Bedrooms: 3

Other Rooms

Laundry: Common Area

Additional Information

Tennis: Yes

Exterior

Exterior Features: Paved Driveway

Parking

Total Spaces: 4
Parking Features: No Garage

Location

County: Providence
Subdivision: CENTRAL
Near Highway: Yes

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Window Unit(s)
Heating Type: Baseboard, Gas

Utilities

Sewer: Connected
Water: Connected
Utility Description: Sewer Connected

Structural Information

# Buildings: 1
Structure Type: Apartment
Detached/Attached: Detached
Construction: Drywall, Vinyl Siding
Basement: Yes
Basement Desc.: Exterior Entry, Full, Interior Entry, Unfinished
Stories/Levels: 1
Building Size: 2274
Finished Total: 2,274 Sq. Ft.
Finished Above Grnd: 2,274 Sq. Ft.
Year Built: 1920

Lot Features

Lot Size (Acres): 0.26
Lot Size (Sq. Ft.): 11,326
Lot Size: 11326
Sidewalks: Yes
Lot Features: Multiple lots, Paved
Fencing (Description): Fenced

Financial Considerations

Operating Expenses: $9,472
Tax Amount: $5,830
Tax Year: 2025

Disclosures and Reports

Inclusions: Approximate Owner Expenses: Water/Sewer $1624 Insurance $2018 Property Taxes $5830
Property ID: 58CENTRALAVEPRO
Block: 2
Lot Number: 6

Listed by Realty New England
Sold by Broadway Real Estate Group

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Schools

Schools serving 58 Central Ave

School District:East Providence School District

Name	Grades	Distance
East Providence High School 2000 Pawtucket Avenue, East Providence, RI 02914	9-12	1.1 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 58 Central Ave

Date

Details

Price

Change

Source

11/17/2025

Sold

$575,000

-7.24%

MLS

9/23/2025

Listed

$619,900

—

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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58 Central Avenue, East Providence, RI 02914 (MLS# 1395819) is a Apartment property that was sold at $575,000 on November 17, 2025. Want to learn more about 58 Central Avenue? Do you have questions about finding other Apartment 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.

58 Central Ave East Providence, RI 02914