Whether you’re looking for a starter home with rental income to help you pay the mortgage or an investment property to add to your portfolio in Providence, we have all the listings under $300k in Providence for 2-4 unit multifamily properties for sale in Providence. Scroll ⬇️ for listings and for some great info and resources about owning multi-unit and investment property in Providence.
The below listings are current active multi-unit properties for sale in Providence right now. This is a dynamic search page and these properties will update in real-time as properties come on and off the market.
One thing all buyers searching properties for sale in Providence should be aware of is the property tax rate in Providence. Providence has a greatly reduced property tax rate for owner-occupants vs. the standard rate for non-occupant owners of Real Estate in Providence. When purchasing a multi-unit property as an investment, buyers need to know that the property tax rate shown on the listing might not reflect the tax rate that they should expect. You can find info about tax rates, exemptions, forms and payment at the Providence Tax Assessor’s page here: http://www.providenceri.gov/tax-assessor/
Tenants in Rhode Island have rights and as a landlord you must respect these rights in order to ensure your own rights as the property owner are secure in the case of a legal dispute. From rules on security deposits, to providing proper contact info, the tenants’ rights in case of an eviction, etc., this downloadable PDF of tenants rights provided by RI Legal Services is a great resource for landlords to know what their tenants can and cannot do. Check it out here: https://rils.org/documents/tenant_rights.pdf
This landlord-tenant handbook provided by the State of Rhode Island is a fantastic resource for prospective landlords considering a search for investment properties in Providence. Check it out here: http://www.pawtucketri.com/sites/default/files/uploads/pdfs/14_04-23%20-%20LTHandbook.pdf