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$629,900 Just Listed
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Property Description
Conveniently located in the Smith Hill/Elmhurst area of Providence, this exceptionally cared for three-family presents an excellent opportunity for both investors and owner-occupants. Each unit offers a spacious 2-bedroom, 1-bath layout with original hardwood floors and updated finishes throughout, creating strong rental appeal. Additional highlights include off-street parking for 3 cars, well-maintained heating systems, and a low-maintenance setup ideal for generating consistent income. Whether you're looking to expand your investment portfolio or live in one unit while collecting rental income from the others, this multi-family delivers both flexibility and long-term value. INVESTORS TAKE NOTICE: This property can be packaged with additional neighboring properties to curate up to a 12-unit portfolio.
Full Property Details
Full Property Details for 40 Richter St
General
- Price: $629,900
- Taxes: $7,528 (2025)
- Status: Active
- Type: Apartment
- Source: STWMLS
- MLS ID: 1413526
- Updated: Today (5/26/2026)
- Added to Site: Today
Interior
- Number of Rooms: 15
- Interior Features: Attic, Permanent Attic Stairs, Tub Shower
- Appliances: Gas Water Heater, Oven, Range, Refrigerator
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Additional Information
- Security/Safety: Security System Owned
Parking
- Total Spaces: 3
- Parking Features: No Garage
Location
- County: Providence
- Subdivision: Smith Hill
- Near Highway: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Gas
Utilities
- Sewer: Connected, Public Sewer
- Water: Connected, Public
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 1
- Structure Type: Apartment
- Detached/Attached: Detached
- Construction: Drywall, Vinyl Siding
- Basement: Yes
- Basement Desc.: Full, Interior Entry, Unfinished
- Stories/Levels: 3
- Building Size: 2862
- Finished Total: 2,862 Sq. Ft.
- Finished Above Grnd: 2,862 Sq. Ft.
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,049
- Lot Size: 3049
Financial Considerations
- Operating Expenses: $7,750
- Tax Amount: $7,528
- Tax Year: 2025
Disclosures and Reports
- Property ID: 4042RICHTERSTPROV
- Lot Number: 59
Listed by Craft Realty
Get Pre-Approved Today
Schools
Schools serving 40 Richter St
School District:Providence School District
| Name | Grades | Distance |
|---|---|---|
Harry Kizirian Elementary School 60 Camden Avenue, Providence, RI 02908 | K-5 | 0.2 mi |
Robert F. Kennedy El. School 195 Nelson Street, Providence, RI 02908 | K-5 | 0.9 mi |
George J. West El. School 145 Beaufort Street, Providence, RI 02908 | K-5 | 1.1 mi |
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908 | 6-8 | 0.1 mi |
Esek Hopkins Middle School 480 Charles Street, Providence, RI 02904 | 6-8 | 1.1 mi |
Nathan Bishop Middle School 101 Sessions Street, Providence, RI 02906 | 6-8 | 1.9 mi |
Mount Pleasant High School 434 Mount Pleasant Avenue, Providence, RI 02908 | 9-12 | 1.2 mi |
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903 | 9-12 | 1.3 mi |
Classical High School, Providence, RI 770 Westminster Street, Providence, RI 02903 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 40 Richter St
Date
Details
Price
Change
Source
5/26/2026
Listed
$629,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 40 Richter St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,528
23%
$537,700
61%
2024
$6,111
—
$333,000
—
2023
$6,111
3%
$333,000
—
2022
$5,927
9%
$333,000
51%
2021
$5,420
—
$220,700
—
2019
$5,420
13%
$220,700
47%
2018
$4,804
—
$150,300
—
2017
$4,804
—
$150,300
—
2016
$4,804
8%
$150,300
12%
2015
$4,442
-2%
$134,200
—
2013
$4,529
—
$134,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 40 Richter St
40 Richter Street, Providence, RI 02908 (MLS# 1413526) is a Apartment property with 6 bedrooms and 3 full bathrooms. 40 Richter Street is currently listed for $629,900 and was received on May 26, 2026. Want to learn more about 40 Richter Street? Do you have questions about finding other Apartment real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

