461 Elmwood Avenue, Providence, RI 02907 - Photo 1

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$2,599,999 Just Listed

For Sale
Active
Multi-Family
4 Units
31 Total Beds
0.13 Acres
Updated 2 days ago

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Property Description

RARE FIND! Cash Flow Positive with 9% Cap Rate 16 Residential Units Fully registered with Lead Certificates in place. Gross annual rent of $329,000 with NOI of $235,000. Renovated inside and out in 2024. New gas lines, electric upgrades, new hot water heaters and many cosmetic updates. Unit Mix - Five 3 bed / 1 bath. Three 2 bed / 1 bath. Five 1 bed / 1 bath. Three Studio / 1 bath. Seller is licensed RE agent.

Full Property Details

Full Property Details for 461 Elmwood Ave

General

Price: $2,599,999
Taxes: $45,036 (2025)
Status: Active
Type: Multi-Family
Source: STWMLS
MLS ID: 1427053
Updated: 10/29/2026
Added to Site: 4 day(s) ago

Interior

Number of Rooms: 60
Fireplace(s): None
Appliances: Gas Water Heater, Refrigerator
Flooring: Ceramic Tile, Hardwood, Vinyl

Rooms

Bathrooms

Total Bathrooms: 16
Full Bathrooms: 16

Bedrooms

Total Bedrooms: 31

Other Rooms

Laundry: Common Area

Additional Information

Security/Safety: Security System Owned

Parking

Parking Features: No Garage

Location

County: Providence
Near Highway: Yes

Heating & Cooling

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

Utilities

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

Structural Information

# Buildings: 1
Architectural Style: Stacked
Detached/Attached: Detached
Construction: Drywall, Plaster, Brick, Masonry
Basement: Yes
Basement Desc.: Exterior Entry, Full, Interior Entry, Partially Finished
Stories/Levels: 3
Building Size: 13216
Finished Total: 13,216 Sq. Ft.
Finished Above Grnd: 13,216 Sq. Ft.
Year Built: 1930

Lot Features

Lot Size (Acres): 0.13
Lot Size (Sq. Ft.): 5,663
Lot Size: 5663

Financial Considerations

Operating Expenses: $105,000
Tax Amount: $45,036
Tax Year: 2025

Disclosures and Reports

Property ID: 461465ELMWOODAVPROV
Lot Number: 437

Listed by The Greene Realty Group

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Schools

Schools serving 461 Elmwood Ave

School District:Providence School District

Name	Grades	Distance
Leviton Dual Language School 65 Greenwich Street, Providence, RI 02907	K-5	0.2 mi
Alfred Lima Sr. El School 222 Daboll Street, Providence, RI 02907	2-5	0.3 mi
Charles N. Fortes Elementary School 234 Daboll Street, Providence, RI 02907	PK-1	0.3 mi
Gilbert Stuart Middle School 188 Princeton Avenue, Providence, RI 02907	6-8	0.4 mi
Roger Williams Middle School 278 Thurbers Avenue, Providence, RI 02905	6-8	0.8 mi
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908	6-8	2.4 mi
Dr. Jorge Alvarez High School 375 Adelaide Avenue, Providence, RI 02907	9-12	0.3 mi
W B Cooley & Academy Internationa 182 Thurbers Avenue, Providence, RI 02905	9-12	1 mi
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903	9-12	1.2 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 461 Elmwood Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/27/2026

Listed

$2,599,999

108%

MLS

10/12/2023

Sold

$1,250,000

—

Public Record

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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 461 Elmwood Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$45,036

69%

$1,580,200

2024

$26,628

—

$1,451,100

—

2023

$26,628

$1,451,100

—

2022

$25,830

-22%

$1,451,100

61%

2021

$33,136

—

$902,900

—

2019

$33,136

84%

$902,900

60%

2018

$17,997

—

$563,100

—

2017

$17,997

-13%

$563,100

—

2016

$20,666

15%

$563,100

15%

2015

$17,919

—

$487,600

—

2014

$17,919

—

$487,600

—

2013

$17,919

—

$487,600

—

View All

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 461 Elmwood Ave

461 Elmwood Avenue, Providence, RI 02907 (MLS# 1427053) is a Multi-Family property with 4 units containing 31 bedrooms and 16 full bathrooms. 461 Elmwood Avenue is currently listed for $2,599,999 and was received on October 27, 2026. Want to learn more about 461 Elmwood Avenue? Do you have questions about finding other Multi-Family real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

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461 Elmwood Ave Providence, RI 02907