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$999,000 Just Listed
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Property Description
A RARE PROVIDENCE VALUE-ADD WITH BONUS DEVELOPMENT POTENTIAL. Well-kept 6-unit (legal 5) property in Providence's Charles neighborhood offering strong current income with substantial upside still on the table. Below-market month-to-month rents create immediate opportunity for increased rents, while basic interior renovations offer additional value-add potential. Major capital improvements have already been handled, including a 2-year-old roof, majority newer windows, multiple newer water heaters, foundation repairs, and vinyl siding. The property also offers ample rear parking on a separate, buildable lot, creating rare future development potential beyond the existing asset. Strong infrastructure, flexible tenancy, and multiple paths to increased returns make 513 Charles Street a compelling investment from day one.
Full Property Details
Full Property Details for 513 Charles St
General
- Price: $999,000
- Taxes: $18,164 (2025)
- Status: Active
- Type: Commercial
- Source: STWMLS
- MLS ID: 1413142
- Updated: 5/20/2026
- Added to Site: 6 day(s) ago
Business
- Business Type: Residential
Parking
- Total Spaces: 12
Location
- County: Providence
- Near Highway: Yes
Community
- Units Assoc/Comm: 6
Heating & Cooling
- Heating Type: Baseboard, Forced Air, Space Heater
Utilities
- Sewer: Connected, Public Sewer
- Water: Public
- Utility Description: Natural Gas Connected, Sewer Connected
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Stories/Levels: 3
- Building Size: 3550
- Finished Total: 3,550 Sq. Ft.
- Finished Above Grnd: 3,550 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Sq. Ft.): 4,792
- Lot Size: 4792
- Frontage: City Street
Financial Considerations
- Tax Amount: $18,164
- Tax Year: 2025
Disclosures and Reports
- Property ID: 513CHARLESSTPROV
- Lot Number: 463
Listed by Keller Williams Leading Edge
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Schools
Schools serving 513 Charles St
School District:Providence School District
| Name | Grades | Distance |
|---|---|---|
Veazie Street School 211 Veazie Street, Providence, RI 02904 | K-5 | 0.8 mi |
Harry Kizirian Elementary School 60 Camden Avenue, Providence, RI 02908 | K-5 | 0.9 mi |
Martin Luther King El. School 35 Camp Street, Providence, RI 02906 | K-5 | 1.1 mi |
Esek Hopkins Middle School 480 Charles Street, Providence, RI 02904 | 6-8 | 0 mi |
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908 | 6-8 | 1.2 mi |
Nathan Bishop Middle School 101 Sessions Street, Providence, RI 02906 | 6-8 | 1.5 mi |
Hope High School 324 Hope Street, Providence, RI 02906 | 9-12 | 1.3 mi |
Mount Pleasant High School 434 Mount Pleasant Avenue, Providence, RI 02908 | 9-12 | 1.8 mi |
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903 | 9-12 | 2.2 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 513 Charles St
Date
Details
Price
Change
Source
5/20/2026
Listed
$999,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 513 Charles St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,164
96%
$698,600
38%
2024
$9,274
—
$505,400
—
2023
$9,274
3%
$505,400
—
2022
$8,996
21%
$505,400
67%
2021
$7,437
—
$302,800
—
2020
$7,437
—
$302,800
—
2019
$7,437
-8%
$302,800
20%
2018
$8,076
—
$252,700
—
2017
$8,076
-13%
$252,700
—
2016
$9,274
17%
$252,700
17%
2015
$7,927
—
$215,700
—
2014
$7,927
—
$215,700
—
2013
$7,927
—
$215,700
—
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 513 Charles St
513 Charles Street, Providence, RI 02904 (MLS# 1413142) is a Commercial property. 513 Charles Street is currently listed for $999,000 and was received on May 20, 2026. Want to learn more about 513 Charles Street? Do you have questions about finding other Commercial real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

