Don't miss out on this unique opportunity to own a cash flow positive property. This exceptional investment opportunity pays for itself! Great for owner occupied too with its strong financial returns. In a market when homeownership is difficult, this is the exception with an impressive annual cash flow. Paved driveway & lot with a small garden & concord grape trellis. With all the hustle & bustle of city life where there's good eating & conveniences around the bend. Entertainments & nightlife a stone throws away. A quick drive to Federal Hill & downtown. Easy access to I95, route 10 & route 6. Big lot for entertainment at home or plenty of off-street parking, especially during snow ban. Current owners are at a point of peace & entertainment watching the grass grow. But this is your opportunity. Live rent free in 1 unit & rent the other. You'll even have excess to invest or spruce up the place, it would glam with a little touch up. Quiet, respectful tenants who pays, tops the cake!
Sold for $425,000
$425,000
31 Putnam St, Providence, RI 02909
4beds
2,232sqft
Multi Family
Built in 1920
-- sqft lot
$547,100 Zestimate®
$190/sqft
$2,243 Estimated rent
Home value
$547,100
$520,000 - $574,000
$2,243/mo
Zestimate® history
Owner options
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$2,243/mo
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$2,243/mo
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$2,190/mo
Est. payment
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$2,190/mo
Est. payment
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List your homeWhat's special
Paved drivewaySmall garden
Zillow last checked:
Listing updated:
Listed by:
Porgech Sia 401-921-5011,
HomeSmart Professionals
Bought with:
Porgech Sia, RES.0042831
HomeSmart Professionals
Porgech Sia, RES.0042831
HomeSmart Professionals
Source: StateWide MLS RI,MLS#: 1341994
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bathroom
- Features: Bath w Shower Stall, Bath w Tub & Shower
Heating
- Natural Gas, Baseboard
Cooling
- None
Appliances
- Included: Gas Water Heater
- Laundry: In Building
Features
- Wall (Dry Wall), Wall (Plaster), Wall (Wood), Stairs, Plumbing (Mixed), Insulation (Unknown)
- Flooring: Hardwood, Laminate
- Basement: Full,Interior and Exterior,Unfinished
- Attic: Attic Stairs
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,232
- Total interior livable area: 2,232 sqft
Property
Parking
- Total spaces: 6
- Parking features: No Garage, Driveway
- Has uncovered spaces: Yes
Features
- Stories: 3
- Fencing: Fenced
Lot
- Size: 3,920 Square Feet
- Features: Paved, Sidewalks
Details
- Parcel number: PROVM62L150
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Plaster, Wood Wall(s), Vinyl Siding
- Foundation: Unknown
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Municipal
Community & HOA
Community
- Features: Near Public Transport, Commuter Bus, Highway Access, Interstate, Private School, Public School, Restaurants, Schools, Near Shopping
- Subdivision: Olneyville
HOA
- Has HOA: No
Location
- Region: Providence
Financial & listing details
- Price per square foot: $190/sqft
- Tax assessed value: $463,000
- Annual tax amount: $5,516
- Date on market: 9/26/2024
- Inclusions: Tenants are month-to-month. Clean, respectful & friendly long-term tenants.
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 9/22/2023 | Sold | $425,000+13.4%$190/sqft |
Source:  StateWide MLS RI #1341994 Report a problem | ||
| 9/4/2023 | Pending sale | $374,800$168/sqft |
Source: StateWide MLS RI #1341994 Report a problem | ||
| 9/1/2023 | Listed for sale | $374,800+160.3%$168/sqft |
Source: StateWide MLS RI #1341994 Report a problem | ||
| 1/14/2003 | Sold | $144,000$65/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,482 +17.5% | $463,000 +54% |
| 2024 | $5,516 +3.1% | $300,600 |
| 2023 | $5,351 | $300,600 |
| 2022 | $5,351 +23.1% | $300,600 +69.8% |
| 2021 | $4,347 0% | $177,000 |
| 2020 | $4,347 +66.6% | $177,000 |
| 2019 | $2,609 +13.6% | $177,000 +44.8% |
| 2018 | $2,297 -41.2% | $122,200 |
| 2017 | $3,906 | $122,200 |
| 2016 | $3,906 +6.2% | $122,200 +10% |
| 2015 | $3,677 -1.9% | $111,100 |
| 2013 | $3,750 -17.5% | $111,100 -22% |
| 2012 | $4,544 | $142,500 |
| 2011 | $4,544 +5% | $142,500 |
| 2010 | $4,329 -28.3% | $142,500 -42.9% |
| 2009 | $6,038 +6% | $249,400 |
| 2007 | $5,696 +17.8% | $249,400 +55.9% |
| 2006 | $4,837 | $160,000 |
| 2005 | $4,837 | $160,000 |
Find assessor info on the county website
Neighborhood: Olneyville
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Nearby schools
GreatSchools rating
- 4/10William D'abate Elementary SchoolGrades: K-5Distance: 0.1 mi
- 5/10Nathanael Greene Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Central High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$547,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$547,100
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