Sold for $690,000

$690,000

216-218 Sterling Ave, Providence, RI 02909

9beds

4,370sqft

Multi Family

Built in 1920

-- sqft lot

$715,000 Zestimate^®

$158/sqft

$2,013 Estimated rent

Home value

$715,000

$644,000 - $787,000

$2,013/mo

Zestimate^® history

Owner options

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$2,013/mo

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$2,013/mo

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$3,555/mo

Est. payment

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$3,555/mo

Est. payment

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What's special

**OFFER DEADLINE Monday 5pm**Lovingly maintained 3-family property with upside for additional rental income in Providence's Silver Lake neighborhood , offering XL-sized units with 3 bedrooms and 1 bathroom each. Hardwood floors run through most of the +1,300sf units. A finished 4th-floor space adds additional townhouse-style living, with extra finished areas in the basement. All units are occupied, and all tenants are month-to-month, each responsible for their own electric and gas utilities. Off-street tandem parking and a small backyard offer added premiums. Eligible buyers can take advantage of a 2% discounted interested rate on a 30-year fixed loan through Washington Trust. A great investment opportunity in a prime location! Showing by appointment only.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 3
Full bathrooms: 3

Heating

Natural Gas, Forced Water

Cooling

None

Appliances

Included: Gas Water Heater
Laundry: In Building

Features

Wall (Paneled), Wall (Wood), Plumbing (Mixed), Insulation (Ceiling), Insulation (Walls)
Flooring: Hardwood, Carpet
Basement: Full,Interior Entry,Partially Finished
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 4,791
Total interior livable area: 4,370 sqft

Property

Parking

Total spaces: 3
Parking features: Detached, Driveway
Garage spaces: 1
Has uncovered spaces: Yes

Features

Stories: 3
Patio & porch: Deck, Porch

Lot

Size: 4,791 Square Feet
Features: Sidewalks

Details

Special conditions: Conventional/Market Value

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Paneled, Wood Wall(s), Clapboard, Vinyl Siding, Wood
Foundation: Mixed

Condition

New construction: No
Year built: 1920

Utilities & green energy

Electric: 100 Amp Service, Circuit Breakers
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Community

Features: Near Public Transport, Recreational Facilities, Schools, Near Shopping
Subdivision: Silver Lake

HOA

Has HOA: No

Location

Region: Providence

Financial & listing details

Price per square foot: $158/sqft
Annual tax amount: $6,468
Date on market: 10/22/2024
Inclusions: There is finished living space on the 4th floor and basement, recognized by tax card, too. The rents in MLS show $2300 for 3rd unit, that's $1500 for the 3rd floor and $800 for top floor. May be hard to qualify for FHA self-sufficiency.
Total actual rent: 6100

Price history

Date	Event	Price
11/27/2024	Sold	$690,000+6.2%$158/sqft
Source: StateWide MLS RI #1371399 Report a problem
10/30/2024	Pending sale	$649,900$149/sqft
Source: StateWide MLS RI #1371399 Report a problem
10/22/2024	Listed for sale	$649,900$149/sqft
Source: StateWide MLS RI #1371399 Report a problem