48 Hillside Ave

Off Market

48 Hillside Ave

Providence RI 02906

3920 sq. ft.

3049 sq. ft.

Multi-Family

Last sold for $995,000

The Jarrod Lewis Group, last sold this property on 01 July 2025 after 42 days on market.

Overview

Welcome to 48-50 Hillside Avenue a meticulously maintained four-unit multifamily located in the heart of Providence's desirable East Side. Priced at $995,000, this rare offering presents a unique opportunity to own a well-performing asset in one of the city's most sought-after neighborhoods. The main building features three spacious units with hardwood floors, classic layouts, and separate utilities. A detached cottage serves as a fourth unit, bringing added value and flexibility. All units are tenant-occupied on month-to-month leases, providing immediate income and the ability to adjust rents to market rates a key advantage in a high-demand rental area with below-market rents. Ideal for both investors and owner-occupants, this property offers strong upside potential. Owner-occupants may benefit from the Rhode Island Homestead Exemption, which can result in a significant reduction in annual property taxes, enhancing long-term affordability. The property has been exceptionally well maintained with updated systems, off-street parking, and separately metered utilities. Located just minutes from Blackstone Boulevard, Hope Street, local shops, caf s, universities, and downtown Providence, the location offers consistent demand and strong appreciation. This is a truly distinctive opportunity to acquire a turnkey property with built-in equity, strong rental demand, and room to scale all in one of Providence's most prestigious and vibrant neighborhoods.

Features

7 bedrooms

5 bathrooms

7 carspaces

3920 sq. ft. floor area

3049 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 7 bedroom multi families sold in Providence over the last 12 months, the estimated median property value of 48 Hillside Ave is $887.5k.

Median value

$887.5k

Estimated value range

$660k - $995k

Median days on market

Estimated value trend

-1%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Providence. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 48 Hillside Ave

2025

Sold

$995,000

01 Jul 2025 by The Jarrod Lewis Group, of J. Christopher Real Estate Grp

2018

Sold

$260,000

29 Jun 2018 by Erkkinen Cohen Group, of Residential Properties, Ltd.

Happy sellers in Providence

We have insufficient information to provide an overview of customer satisfaction for Providence. Viewing the agent profiles, reviews and sales for Providence can provide insights for this location.

Local market activity for 7 bedroom multi families in Providence

In the last 12 months, 8 seven-bedroom multi families similar to 48 Hillside Ave, have been sold.

This represents a 36% increase in seven-bedroom multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Providence for a market analysis.

Lavonne Lopes

(68 reviews)

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Andrea St. Germain

at Keller Williams Coastal

(8 reviews)

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Steven Miller

at Coldwell Banker Realty

(17 reviews)

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Pamela Reis

at Mateus Realty

(6 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Providence

Lavonne Lopes

Lavonne Lopes is a recommended agent for Providence. They have 3 local sales and collected 1 local review across the last 12 months.

5 (68 reviews)
1 Review in Providence
3 Sales in Providence

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Andrea St. Germain

Andrea St. Germain is an award winning recommended agent for Providence. They have 1 local sale and collected 1 local review across the last 12 months.