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$565,000
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Property Description
21 Russo Street presents a solid investment opportunity in a strong rental market. This well-maintained 6-unit residential building consists of all 2-bedroom, 1-bathroom units, fully leased and generating over $8,000 per month in rental income. With 100% occupancy, the property offers dependable cash flow from day one, along with potential to increase rents and overall property value through strategic upgrades. Ideal for investors seeking a low-vacancy asset with upside potential. Located in a desirable area with stable tenant demand, 21 Russo Street is a smart addition to any portfolio. Can also be sold as a package with 65 Russo Street.
Full Property Details
Full Property Details for 21 Russo St
General
- Sold For: $565,000
- Taxes: $19,880 (2024)
- Status: Closed
- Type: Commercial Residential Facility
- Source: STWMLS
- MLS ID: 1385158
- Added to Site: 246 day(s) ago
Location
- County: Providence
Heating & Cooling
- Heating Type: Steam
Utilities
- Sewer: Connected
- Water: Connected
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 1
- Structure Type: Apartment
- Detached/Attached: Attached
- Stories/Levels: 3
- Year Built: 1900
Lot Features
- Lot Size (Sq. Ft.): 3,049
- Lot Size: 3049
Financial Considerations
- Operating Expenses: $34,380
- Tax Amount: $19,880
- Tax Year: 2024
- Owner Pays: Common Area Maintenance, Exterior Maintenance, Grounds Care, Snow Removal, Sewer, Taxes, Trash Collection, Water
- Tenant Pays: Cable TV, Electricity, Gas
Disclosures and Reports
- Property ID: 21RUSSOSTPROV
- Lot Number: 22
Listed by Keller Williams Leading Edge
Sold by Keller Williams Leading Edge
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Schools
Schools serving 21 Russo St
School District:Providence School District
| Name | Grades | Distance |
|---|---|---|
Veazie Street School 211 Veazie Street, Providence, RI 02904 | K-5 | 0.7 mi |
Harry Kizirian Elementary School 60 Camden Avenue, Providence, RI 02908 | K-5 | 1.1 mi |
Martin Luther King El. School 35 Camp Street, Providence, RI 02906 | K-5 | 1.3 mi |
Esek Hopkins Middle School 480 Charles Street, Providence, RI 02904 | 6-8 | 0.2 mi |
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908 | 6-8 | 1.3 mi |
Nathan Bishop Middle School 101 Sessions Street, Providence, RI 02906 | 6-8 | 1.6 mi |
Hope High School 324 Hope Street, Providence, RI 02906 | 9-12 | 1.5 mi |
Mount Pleasant High School 434 Mount Pleasant Avenue, Providence, RI 02908 | 9-12 | 1.9 mi |
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903 | 9-12 | 2.4 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 21 Russo St
Date
Details
Price
Change
Source
8/08/2025
Sold
$565,000
-11.72%
MLS
7/15/2025
Price Reduced
$640,000
-5.19%
MLS
6/25/2025
Price Reduced
$675,000
-4.26%
MLS
5/15/2025
Listed
$705,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
21 Russo Street, Providence, RI 02904 (MLS# 1385158) is a Commercial Residential Facility property that was sold at $565,000 on August 08, 2025. Want to learn more about 21 Russo Street? Do you have questions about finding other Commercial Residential Facility real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

