53 Sterling Ave Providence, RI 02909
Property details
About 53 Sterling Ave
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.
Highlights
(Pending)
Summary
- Full Bathrooms: 6
- Appliances: Gas Water Heater, Water Heater
- Basement: Yes
- Flooring Type: Hardwood, Vinyl
- Total Bedroom Count: 12
- Parking: No Garage
- Heating: Baseboard, Natural Gas
- Cooling: None
- List Price: $885,000
- Annual Tax Amount: $8,300
- Tax Year: 2024
- Year Built: 1900
- Lot Size: 0.0918 Acres
- MLS Number: 1382940
- MLS Name: RIS
- Office Name: New England Apartment Group
- Office Phone: (508) 330-0325
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: 5/7/2025, 3:20:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$885,000
53 Sterling Ave
$10,000
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 12, 2024 | Home Sold | $740,000 |
| Jun 11, 2019 | Home Sold | $350,000 |
| Sep 23, 2016 | Home Sold | $195,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $452,300 | $8,300 |
| 2023 | $452,300 | $8,300 |
| 2022 | $452,300 | $16,011 |
| 2021 | $274,200 | $10,063 |
| 2020 | $274,200 | $6,734 |
| 2019 | $274,200 | $6,734 |
History based on county public records data.
Nearby schools
2
Webster Avenue School
Public District KG-5
0.2 mi
•191 Webster Ave
1
Asa Messer Elementary School
Public District PK-4
0.5 mi
•1655 Westminster St
3
Frank D. Spaziano Elementary School
Public District 2-5
0.6 mi
•85 Laurel Hill Ave
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 $23,059. Typical income of Providence, RI residents is less than $<35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Boston Market
What do the neighbors drive?
Kia
Dodge
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
This home is located at 53 Sterling Ave in Providence, RI and zip code 02909 in the Silver Lake neighborhood. Features: 12 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since April 21, 2025 and is currently priced at $885,000.
In April 2025 more than 45 listings in Providence, RI were sold above the asking price. During the same period more than 16 listings were sold at asking price, while more than 28 were sold below. Between March and April 2025, Providence, RI real estate market has seen increase in the number of listings by 13.1%. While the average time on the market in April 2025 was 21 days, the median list price was $505,230.