38 Mitchell St, Providence, RI 02907

Located in the heart of Elmwood, this well-maintained three-unit property presents a stabilized, income-producing opportunity in one of Providence’s most accessible neighborhoods. Each unit offers over 1,100 SF with three bedrooms and one full bath, providing strong rental appeal and consistent tenant demand. The property is fully occupied, delivering immediate cash flow. Recent capital improvements include a newer roof, vinyl siding, and new appliances. A full basement offers ample storage or potential for future expansion. Positioned on a prominent corner lot, the asset benefits from two separate driveways and ample off-street parking Located minutes from downtown Providence with direct access to Routes 95, 195, and 146, the property offers strong connectivity to major employment centers, supporting long-term rental stability and appreciation potential. A turnkey multifamily asset with scale, location, and upside.