Under contract

$550,000

216 Ocean St, Providence, RI 02905

7beds

3,256sqft

$3,642/mo

Get pre-qualified

Multi Family

Built in 1942

-- sqft lot

$550,800 Zestimate^®

$169/sqft

$-- HOA

What's special

Welcome to this excellent investment or owner-occupant opportunity! This well-maintained two-family home offers a prime Providence location with convenient access to major highways, hospitals, medical offices, shopping, parks, and Downtown Providence. The property also features a finished basement with an in-law setup. A versatile property with outstanding income and multi-generational living potential.

89 days
190
2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 3
Full bathrooms: 3

Heating

Natural Gas, Baseboard, Steam

Cooling

Window Unit(s)

Features

Flooring: Hardwood, Laminate, Other
Basement: Partial,Interior Entry,Partially Finished
Number of fireplaces: 1

Interior area

Total structure area: 5,060
Total interior livable area: 3,256 sqft

Property

Parking

Total spaces: 8
Parking features: No Garage

Features

Stories: 2

Lot

Size: 5,061 Square Feet

Details

Parcel number: PROVM54L690

Construction

Type & style

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

Materials

Clapboard

Condition

New construction: No
Year built: 1942

Utilities & green energy

Electric: 100 Amp Service
Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Providence

Financial & listing details

Price per square foot: $169/sqft
Tax assessed value: $394,700
Annual tax amount: $2,230
Date on market: 7/16/2026
Inclusions: Seller is VERY motivated.
Total actual rent: 0

Estimated market value

$550,800

$523,000 - $578,000

$2,338/mo

Price history

Date	Event	Price
9/22/2026	Contingent	$550,000$169/sqft
Source: StateWide MLS RI #1418056 Report a problem
8/10/2026	Listed for sale	$550,000$169/sqft
Source: StateWide MLS RI #1418056 Report a problem
7/25/2026	Pending sale	$550,000$169/sqft
Source: StateWide MLS RI #1418056 Report a problem
7/22/2026	Contingent	$550,000$169/sqft
Source: StateWide MLS RI #1418056 Report a problem
7/16/2026	Listed for sale	$550,000$169/sqft
Source: StateWide MLS RI #1418056 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,980 -40.1%	$394,700 +45.6%
2024	$4,973 +3.1%	$271,000
2023	$4,824	$271,000
2022	$4,824 +7.4%	$271,000 +48.2%
2021	$4,492 +105.7%	$182,900
2020	$2,184 0%	$182,900
2019	$2,185 +24.7%	$182,900 +51.9%
2018	$1,753 -54.5%	$120,400
2017	$3,848	$120,400
2016	$3,848 +10.8%	$120,400 +14.8%
2015	$3,472 -1.9%	$104,900
2013	$3,540 -9.3%	$104,900 -14.3%
2012	$3,903	$122,400
2011	$3,903 +4.9%	$122,400
2010	$3,719 -36%	$122,400 -49%
2009	$5,815 +6%	$240,200
2007	$5,486 +21.9%	$240,200 +61.3%
2006	$4,501	$148,900
2005	$4,501	$148,900