Calling all owner occupants or savvy investors. This 3 family in the heart of East Providence is a don’t miss! Amazing rental history on this fully occupied turnkey property is ready to make you money from day one without any effort. Two units are tenant at will and one with a year long lease. This property offers new kitchens, baths, laminate flooring, and clean modern units comprised of two 2 bedroom units and one 3 bedroom unit. Heating systems throughout have been upgraded, commercial washer and dryer, 2 storage units for additional income, and ample off street parking. Best of all the owners will have brought this property into new RI regulatory standards with lead compliance certs for each unit and all units registered with the state of RI prior to closing. As of Oct 2024 all properties must have this...but VERY few do! Whether you are a savvy investor looking for predictable and easy cashflow or just jumping into the investment market do not miss out on this gem.
Sold for $657,000
$657,000
38-40 Vine St, East Providence, RI 02914
7beds
2,736sqft
Multi Family
Built in 1920
-- sqft lot
$683,500 Zestimate®
$240/sqft
$2,315 Estimated rent
Home value
$683,500
$608,000 - $772,000
$2,315/mo
Zestimate® history
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$2,315/mo
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$2,315/mo
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$3,385/mo
Est. payment
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$3,385/mo
Est. payment
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List your homeWhat's special
Ample off street parkingStorage unitsCommercial washer and dryerLaminate flooringNew kitchensModern units
Zillow last checked:
Listing updated:
Listed by:
Reza Lashkari 508-649-5646,
Real Broker, LLC
Bought with:
Cora Zhang, RES.0043533
Green Island Realty, Inc.
Source: StateWide MLS RI,MLS#: 1389562
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Baseboard, Forced Air, Space Heater
Cooling
- None, Window Unit(s)
Appliances
- Included: Gas Water Heater, Microwave, Oven/Range, Refrigerator
- Laundry: Common Area, In Building
Features
- Wall (Dry Wall), Wall (Plaster), Stairs, Plumbing (Copper), Plumbing (Mixed), Plumbing (PEX), Plumbing (PVC), Insulation (Unknown), Ceiling Fan(s)
- Flooring: Laminate
- Windows: Storm Window(s)
- Basement: Full,Interior Entry,Unfinished,Storage Space,Utility
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,736
- Total interior livable area: 2,736 sqft
Property
Parking
- Total spaces: 6
- Parking features: No Garage, Driveway
- Has uncovered spaces: Yes
Features
- Stories: 3
- Patio & porch: Porch
- Fencing: Fenced
Lot
- Size: 4,356 Square Feet
- Features: Sidewalks
Details
- Parcel number: EPROM106B05L018U
- Special conditions: Conventional/Market Value
- Other equipment: Cable TV
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Plaster, Aluminum Siding, Brick
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer, Public Connected
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping
HOA
- Has HOA: No
Location
- Region: East Providence
Financial & listing details
- Price per square foot: $240/sqft
- Tax assessed value: $508,000
- Annual tax amount: $5,502
- Date on market: 7/9/2025
- Inclusions: Buyer and buyer agent to due their due diligence, public record Sqft and measured sqft differ buyer and buyer agent to verify. Please submit offers to Reza@LLHomesTeam.com - Offer package to include: Agency disclosure, RIAR Multi Unit Purchase and Sale Agreement, pre-approval or proof of funds, Sales disclosure and Lead disclosure.
- Total actual rent: 4950
- Tenant pays: Heat
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2025 | Sold | $657,000+9.5%$240/sqft |
Source:  StateWide MLS RI #1389562 Report a problem | ||
| 7/14/2025 | Pending sale | $599,900$219/sqft |
Source: StateWide MLS RI #1389562 Report a problem | ||
| 7/9/2025 | Listed for sale | $599,900+93.5%$219/sqft |
Source: StateWide MLS RI #1389562 Report a problem | ||
| 7/25/2019 | Sold | $310,000-6.1%$113/sqft |
Source: StateWide MLS RI #1223245 Report a problem | ||
| 5/13/2019 | Listed for sale | $330,000+144.4%$121/sqft |
Source: Revolv Real Estate #1223245 Report a problem | ||
| 3/17/2003 | Sold | $135,000$49/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,640 +20.7% | $508,000 +41.5% |
| 2024 | $5,502 +3.9% | $358,900 |
| 2023 | $5,297 +4.5% | $358,900 +54.8% |
| 2022 | $5,067 +1.7% | $231,800 |
| 2021 | $4,984 +4.4% | $231,800 |
| 2020 | $4,773 +2.8% | $231,800 |
| 2019 | $4,641 +13.7% | $231,800 +29.9% |
| 2018 | $4,082 +2.3% | $178,400 |
| 2017 | $3,991 +0.5% | $178,400 |
| 2016 | $3,971 -3.1% | $178,400 -0.1% |
| 2015 | $4,099 | $178,600 |
| 2014 | $4,099 +0.7% | $178,600 |
| 2013 | $4,069 -1.8% | $178,600 +793.9% |
| 2012 | $4,144 +3.2% | $19,980 -90% |
| 2011 | $4,014 +3.5% | $199,800 |
| 2010 | $3,878 -6.6% | $199,800 -25.8% |
| 2009 | $4,152 +3.5% | $269,100 |
| 2008 | $4,012 +3.5% | $269,100 |
| 2007 | $3,878 +13.3% | $269,100 +31.8% |
| 2006 | $3,422 | $204,200 |
Find assessor info on the county website
Neighborhood: 02914
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Nearby schools
GreatSchools rating
- 5/10Orlo Avenue SchoolGrades: K-5Distance: 0.7 mi
- 4/10Edward Martin Middle SchoolGrades: 6-8Distance: 1.1 mi
- 5/10East Providence High SchoolGrades: 9-12Distance: 1.1 mi
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Estimated market value
$683,500
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
$683,500
- Rhode Island
- Providence County
- East Providence
- 02914
- 38-40 Vine St
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