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Sold for $508,000
  • $508,000

    40 Melrose St, Providence, RI 02907

    5beds
    3,500sqft
    3 Family - 3 Units Side by Side
    Built in 1911
    -- sqft lot
    $564,300 Zestimate®
    $145/sqft
    $1,927 Estimated rent

    Home value

    $564,300

    $508,000 - $626,000

    $1,927/mo

    Zestimate® history
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    What's special

    Private faculty roomFenced yardInterior sprinklersSecurity cameras
    This property offers a rare opportunity to acquire and establish a daycare center with over 2900 sq. ft. of space, perfect for serving preschool children. The MorningStar program, along with an after-school program, provides a comprehensive learning experience for children. The property features four sections of open space, a private faculty room, and an on-site management office. The fenced yard provides a safe area for children to play, while security cameras and a secure entrance ensure the safety of all visitors and staff. The building is also equipped with fire alarm systems and interior sprinklers, providing an added layer of safety. In addition to the daycare center, the property also includes two residential units on top, providing an opportunity for additional income. This is truly a great beginning for an early learning center, and an amazing opportunity not to be missed.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeffrey Infante 401-678-9115,

    Century 21 Limitless 401-787-2929,

    Jeffrey Infante 401-678-9115

    Bought with:

    Samuel Alba

    Innovations Realty

    Source: MLS PIN,MLS#: 73133108

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Features
    • Basement: Full,Partially Finished
    • Has fireplace: No
    Interior area
    • Total structure area: 3,500
    • Total interior livable area: 3,500 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Paved Drive
    • Uncovered spaces: 6
    Lot
    • Size: 5,000 sqft
    Details
    • Parcel number: 73853
    • Zoning: R-2

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 3 Family - 3 Units Side by Side
    Materials
    • Foundation: Concrete Perimeter, Block
    Condition
    • Year built: 1911

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Providence

    HOA & financial

    Other financial information
    • Total actual rent: 0

    Price history

    DateEventPrice
    9/4/2023Sold$508,000+1.6%$145/sqft
    Source: MLS PIN #73133108 Report a problem
    7/7/2023Listed for sale$499,900+56.2%$143/sqft
    Source: MLS PIN #73133108 Report a problem
    9/13/2005Sold$320,000$91/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$13,654 +29.7%$467,600 +55.9%
    2024$10,530 -0.8%$300,000
    2023$10,620 $300,000
    2022$10,620 +30.2%$300,000 +35%
    2021$8,155 +0%$222,200
    2020$8,155 $222,200
    2019$8,155 -7.9%$222,200 -7.9%
    2018$8,852 +43.7%$241,200 +43.7%
    2017$6,158 $167,800
    2016$6,158 $167,800 +8.9%
    2015-- $154,100 -43.7%
    2009-- $273,900

    Find assessor info on the county website

    Neighborhood: Elmwood

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $564,300
    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
    $564,300