53 Sterling Avenue
Providence, RI 02909
- 12 beds
- 6 baths
- 5,118 sqft
- 4,000 sqft lot
- $172 per sqft
- 1900 build
53 Sterling is a well-maintained six-unit building generating $9,550/month ($115K annually), situated on a prime corner lot in Providence's Silver Lake neighborhood. 6 spacious two-bed, one-bath units, each with separate electric & gas meters (paid by tenants) and no trash removal expenses resulting in low operating costs. Additional highlights include ample off-street parking, all new heating systems, common areas redone, roof under 10 years, updated plumbing and electric & professional management. The building is fully occupied with clean, thoroughly vetted tenants and a strong history of high occupancy. Best comparable sale is 29 Blaine St, Providence, which sold for $965,000 in July 2024. That building featured all two-bed units and had a lower monthly rent roll of $8,800. 53 Sterling offers a turnkey opportunity with immediate cash flow and significant upside potential. Financials available upon request.
Last checked:
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Last updated Apr 21, 2025
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MLS# 1382940 —
The Building
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Year Built:1900
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New Construction:false
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Building Area Total:5118.0
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Construction Materials:VinylSiding
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Structure Type:Apartment
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Stories Total:3
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Basement:Full,InteriorEntry,Unfinished
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Basement:true
Interior
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Flooring:Hardwood,Vinyl
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Fireplace:false
Room Dimensions
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Living Area Source:PublicRecords
Location
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Latitude:41.811782
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Longitude:-71.445494
The Property
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Size Acres:0.0918
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Lot Size Area:4000.0
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Lot Size Square Feet:4000.0
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Lot Size Units:SquareFeet
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Parcel Number:53STERLINGAVPROV
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (508) 330-0325
- Office phone:
- (508) 330-0325
Taxes
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Tax Year:2024
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Tax Annual Amount:15875.0
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Tax Assessed Value:644100
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Tax Lot:253
Beds
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Bedrooms Total:12
Baths
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Total Baths:6
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Full Baths:6
The Listing
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Virtual Tour URL Unbranded:https://tour.RiLiving.com/53-Sterling-Avenue-Providence-RI-02909
Heating & Cooling
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Heating:Baseboard,Gas
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Utilities:SewerConnected
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Sewer:Connected,PublicSewer
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Water Source:Connected,Public
Appliances
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Appliances:GasWaterHeater,WaterHeater
The Community
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Subdivision Name:Silverlake
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Senior Community:false
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Community Features:Golf,HighwayAccess,NearHospital,NearSchools,PublicTransportation,RecreationArea,Restaurant,Shopping,TennisCourts
Parking
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Parking Total:6.0
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Parking Features:NoGarage
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Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/21/25
Apr 21, 2025
|
Listed / Active | RIMLS | $885,000 | 152.9% (26.1% / YR) |
|
6/11/19
Jun 11, 2019
|
MLSPIN | $350,000 |
