Excellent opportunity to add a solid income-producing asset to your portfolio. Located in Providence's Silver Lake neighborhood, this well-maintained three-family property features two 2-bedroom units and one 1-bedroom unit, offering a desirable unit mix with strong rental appeal. Separate utilities allow tenants to pay their own heat and electricity helping to minimize owner expenses while maximizing cash flow. The property offers stable rental income and presents an excellent opportunity for both seasoned investors and owner-occupants looking to offset their mortgage with rental income. Conveniently located just minutes from downtown Providence with easy access to Routes 6 and 10, the property is also close to shopping, restaurants, public transportation, and the expansive Neutaconkanut Park with its walking trails, recreation areas, and scenic city views. Whether you're looking to expand your investment portfolio or purchase a multifamily in a centrally located Providence neighborhood, this property offers strong income potential and long-term value. Reach out to schedule a showing today!
Silver Lake, located between Olneyville and the West End, is a residential and industrial Providence neighborhood with a hillside street grid and a working-river edge. The neighborhood’s character concentrates around the Plainfield Street corridor near Silver Lake Park, where corner markets, takeout counters, and small storefronts set a steady, everyday rhythm. Triple-deckers and compact single-family houses line the narrower blocks, while larger commercial buildings cluster along the main roads. Silver Lake Park’s paths and ballfields shape the outdoor routine. The Woonasquatucket River Greenway adds a linear route for walking and biking. Nearby anchors include The Avery, The Steel Yard, and AS220 for food, craft, and live arts.
Provided by Walk Score and Local Logic
Offer insights
75 79 Laban St · $569,900
$570K and above
75% chance or better to win
Why $570K+ is a strong offer
DAYS ON MARKET
69 days
The average home goes pending in 22 days.
SALE-TO-LIST
101.0%
Most homes are selling 1% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Tub/shower
Unfinished full basement with both interior and exterior entry
Bedrooms
One-bedroom and two-bedroom units (total building units: 3)
Bathrooms
Three full bathrooms total in the building
Kitchen
No specific kitchen appliance list provided
Laundry & utility
Gas water heater
Water heater
Flooring
Hardwood flooring
Vinyl flooring
Heating & cooling
Gas baseboard heat
Exterior features
31-foot frontage
Small lot (approximately 0.05 acres)
Public transportation access nearby
Close to shopping, restaurants, hospital and schools
Highway access
Home design
Three-story multi-unit building
Zoned R-3
Parking
No garage
Security
No specific security features listed
Construction
Vinyl siding exterior
Brick/mortar and combination foundation
Above-grade finished area approximately 2,302
Utilities
Public water
Public sewer
Electric with circuit breakers
HOA & community
Community features include highway access, nearby hospital, schools, public transportation, restaurants, and shopping
Financial info
Three residential units: one 1-bedroom unit and two 2-bedroom units
Current actual rents listed: 1-bed $1,150; 2-bed $1,600 and $1,700
Other
Building contains a total of 3 units in 1 building
Electricity and solar
View estimated energy costs and solar savings for this home
* * Attention Investors and Contractors! Seller Financing Possible to Qualified Investor/ Buyer. * * Excellent Investment Opportunity to Own Four (4) Units in the Heart of Silver Lake! * * Two (2) buildings on one lot. The front building is comprised of over 2300 SF of living space with three units. * * The units consist of two (2) bedrooms per apartment with double living rooms, hardwood floors. * * The interior of the front house requires cosmetic upgrades throughout but systems and structure are good. * * The rear cottage has 986 SF on two levels with three (3) beds on the upper level. Close to all amenities, support services and transportation.
MLS PIN #73010744
Nov 14, 2022
Sold
$390,000
$169/sq ft
Jul 12, 2022
Listed
$390,000
$169/sq ft
+6
**Attention Investors and Contractors! Seller Financing Possible to Qualified Investor/ Buyer. **Excellent Investment Opportunity to Own Four (4) Units in the Heart of Silver Lake!** Two (2) buildings on one lot. The front building is comprised of over 2300 SF of living space with three units. ** The units consist of two (2) bedrooms per apartment with double living rooms, hardwood floors. ** The interior of the front house requires cosmetic upgrades throughout but systems and structure are good. ** The rear cottage has 986 SF on two levels with three (3) beds on the upper level. Close to all amenities, support services and transportation.
RIS #1308467
Jul 11, 2022
Listing Removed
—
Apr 26, 2022
Listed
$385,000
$167/sq ft
RIS #645777
Sep 5, 2006
Listing Removed
—
Jun 6, 2006
Listed
$334,900
$145/sq ft
RIS #630308
Jun 5, 2006
Listing Removed
—
Jan 5, 2006
Listed
$365,000
$159/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$8,071 (+13.2%)
$576,500
2024
$7,133 (+102.0%)
2023
$3,531 (−51.9%)
$192,400
2022
$7,339 (+13.4%)
$92,500 + $319,800
$412,300
2021
$6,472
$43,600 + $219,900
$263,500
2020
$6,472 (−16.9%)
$43,600 + $219,900
$263,500
2019
$7,790 (+55.5%)
$43,600 + $273,600
$317,200
2018
$5,011
$45,300 + $111,500
$156,800
2017
$5,011
$45,300 + $111,500
$156,800
2016
$5,011 (−1.0%)
$45,300 + $111,500
$156,800
2015
$5,064 (−1.9%)
$45,300 + $107,700
$153,000
2014
$5,164
$45,300 + $107,700
$153,000
2013
$5,164 (−9.1%)
$45,300 + $107,700
$153,000
2012
$5,680
$61,200 + $116,900
$178,100
2011
$5,680
$61,200 + $116,900
$178,100
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
4,356 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Other
County
Providence County
APN
592386
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 22, 2026.
R-2
Residential District
The R-2 Residential District is intended for areas of detached single-family and two-family, including semidetached, residential development of moderate density. Limited non-residential uses, which are compatible with surrounding residential neighborhoods, may be allowed.
Permitted uses
Include but are not limited to:
Agriculture
Community / recreation center
Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Educational/school
Fire house
Post office
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 96° expected this year, 15 days in 30 years
6/10 Wind Factor
71% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Providence, RI • 02909
Average low and high temperatures (°F)
35
22
36
23
51
34
60
42
68
52
80
63
84
68
79
62
74
59
65
48
54
39
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 75 79 Laban St
$556,123
$14K under list price of $570K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $365K to $670K.