1165 Chalkstone Ave, Providence, RI 02908

Description

Motivated seller! Well-maintained two-family home in Providence's Mount Pleasant neighborhood with a Lead-Safe Certificate. A $15,000 seller concession is available to qualified buyers for closing costs or a mortgage rate buydown. Unit 1 is occupied by a reliable long-term tenant with an excellent rental history. Current rent is $1,650 per month. Unit 2 is vacant and ready for occupancy, offering 4 bedrooms, 2 full bathrooms, a double living room, and 2 bonus rooms. Most recently leased for $2,600/month (estimated market rent $2,400 $2,800/month) Major mechanical updates include a roof and furnaces approximately 7 years old, all well maintained, plus a new hot water heater installed in 2026. Conveniently located on Chalkstone Ave near multiple RIPTA bus lines in a high-demand rental area. On-street parking is available. Potential backyard parking access may be possible; buyer to perform due diligence. Owner-occupants may qualify for Providence's Homestead Exemption, which reduces the property's assessed taxable value by 40%; buyer to verify eligibility with the City of Providence Assessor's Office.