16 Ruggles Street, Providence, RI 02908

Property Description

Located in the heart of Historic Smith Hill's revitalization, this expansive three-family home features spacious layouts across all three units, including high ceilings, beautiful pine flooring, and private porches. Each unit offers three generous bedrooms, a large living room, and a flexible dining room or double parlor setup, appealing to a wide range of tenants. The first-floor owner's unit is vacant and freshly updated, featuring a new bathroom, refreshed finishes, and move-in ready condition perfect for an owner-occupant or premium rental. Additional highlights include new vinyl replacement windows throughout, vinyl siding, and separate utilities for each unit to simplify management. The second and third floor units are currently rented below market, offering immediate upside for investors as market rents in the area continue to rise. Located just a short walk to Providence College, this property is an excellent candidate for student rentals and is minutes from the train station, I-95, 295, and 146, with easy access to Federal Hill, the East Side, and downtown Providence. A prime opportunity to own a well-maintained, income-generating property in a high-demand rental market with strong long-term growth potential.