#1380843, Listing office: USRealty.com, LLP
Property details
About 233 Waterman Ave
Turnkey Three-Family with Immediate Income Potential! Exceptional investment opportunity in this updated three-family property. Boasting a new roof, new vinyl siding, and newer replacement windows, this property ensures low exterior maintenance for years to come. One unit has been beautifully remodeled with a stunning new kitchen featuring quartz countertops and stainless steel appliances, new flooring, and a renovated modern bathroom. Vacant and ready for immediate occupancy, this premium unit is ideal for a "house hacker" live in luxury while the rental income from the other two units significantly offsets your mortgage! Nestled in East Providence, this property offers a peaceful residential setting with unparalleled convenience. Just minutes from Providence, it's exceptionally close to major hospitals (Rhode Island Hospital, Miriam Hospital) and numerous colleges and universities (Brown University, RISD, Providence College). The highly sought-after East Side of Providence, known for its charming shops and restaurants, is also a short drive away, further enhancing the property's value and rental demand. Don't miss this robust, income-producing asset in a high-demand rental market! Ideal for investors or owner-occupants looking to live virtually for free. Schedule your private showing today!
Highlights
Home typeMulti Family
HeatingBaseboard, Natural Gas
StatusActive
BasementYes
Lot size0.1148 Acres
Year built1900
ParkingNo Garage
MLS #1387977
Summary
- Full Bathrooms: 3
- Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
- Basement: Yes
- Flooring Type: Hardwood, Laminate
- Interior: Attic, Storage, Tub Shower, Cable TV
- Fireplace: None
- Total Bedroom Count: 5
- Parking: No Garage
- Heating: Baseboard, Natural Gas
- Cooling: None
- List Price: $599,000
- Annual Tax Amount: $6,097
- Tax Year: 2024
- Year Built: 1900
- Lot Size: 0.1148 Acres
- MLS Number: 1387977
- MLS Name: RIS
- Office Name: Smith and Oak Real Estate Co.
- Office Phone: (401) 464-2617
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/7/2025, 9:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 05, 2011 | Home Sold | $180,000 |
| May 07, 2004 | Home Sold | $180,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $397,700 | $6,097 |
| 2023 | $397,700 | $5,870 |
| 2022 | $261,000 | $5,705 |
| 2021 | $261,000 | $5,612 |
| 2020 | $261,000 | $5,374 |
| 2018 | $176,900 | $4,047 |
| 2017 | $176,900 | $3,957 |
History based on county public records data.
Nearby schools
6
Orlo Avenue School
Public District KG-5
0.4 mi
•25 Orlo Ave
5
Whiteknact School
Public District KG-5
0.4 mi
•261 Grosvenor Ave
4
Hennessey School
Public District KG-5
0.9 mi
•75 Fort St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,481. Residents of East Providence, RI typically earn less than $<35k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
44%
<35k
42%
35k-100k
11%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
45%
Single, No Kids
18%
Single, with Kids
21%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
7%
12-17 yrs old
23%
18-34 yrs old
40%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Popeyes
White Castle
Boston Market
What do the neighbors drive?
Nissan
Kia
Honda
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in East Providence, RI
East Providence's transportation infrastructure supports both private and public transit options, with a network of roads that connect residents to Providence and surrounding areas. Public transportation services are available, providing connections to key destinations within the city and to neighboring communities. The city is also accommodating to pedestrians and cyclists, with certain areas offering sidewalks and bike lanes to encourage eco-friendly travel. Ongoing improvements aim to enhance the efficiency and accessibility of the transportation system for all residents.
The community is served by a robust educational system, including several public schools that cater to students from kindergarten through high school, as well as private educational options. Healthcare needs are met by nearby hospitals and clinics that offer a range of services from emergency care to specialized treatments. East Providence also features a public library system that supports lifelong learning and community engagement. Retail and dining establishments are plentiful, with local businesses and eateries reflecting the city's cultural mosaic.
East Providence is celebrated for its welcoming community atmosphere and scenic waterfront views along the Seekonk River. The city prides itself on a rich historical heritage, with landmarks and well-preserved neighborhoods that reflect its past. Residents enjoy a variety of local events throughout the year, including arts festivals and community gatherings that showcase the city's cultural diversity and foster a strong sense of community.
East Providence offers a diverse housing market with a blend of residential options to suit various preferences. Single-family homes are prevalent, making up a significant portion of the housing stock, with architectural styles ranging from historic colonial to contemporary. Multi-family dwellings and apartments complement the single-family residences, providing alternatives for those seeking smaller living spaces or rental opportunities. The area has seen various development phases, with many homes dating back to the mid-20th century, contributing to the neighborhood's established feel.
About 233 Waterman Ave
The listing price of 233 Waterman Ave property is $599,000.
The property 233 Waterman Ave is a multi located in East Providence, Rhode Island, 02914.
Active Listing: 233 Waterman Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 233 Waterman Ave are: Orlo Avenue School (GreatSchools Rating 6/10), Whiteknact School (GreatSchools Rating 5/10), Hennessey School (GreatSchools Rating 4/10), Edward R. Martin Middle School (GreatSchools Rating 3/10), Nathan Bishop Middle School (GreatSchools Rating 3/10), Urban Collaborative Program (GreatSchools Rating 2/10), East Providence High School (GreatSchools Rating 4/10), Hope High School (GreatSchools Rating 2/10), Seekonk High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2024 is $6,097 (source: MLS/based on county public records data).
The last sale was on August 5, 2011 for $180,000 (source: MLS/tax record).
The year of construction for 233 Waterman Ave is 1900.
This home is located at 233 Waterman Ave in East Providence, RI and zip code 02914. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 18, 2025 and is currently priced at $599,000.
In June 2025, from all listings sold in East Providence, RI there were more than 23 sold above asking price, over 8 sold below and more than 6 were sold right at the asked price. The number of listings in East Providence, RI increased by 1.3% between May and June 2025. While the average time on the market in June 2025 was 21 days, the median list price was $434,000.
From Rocket Homes Real Estate and based on county public records data.