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Sold for $845,000
    • $845,000

    412 Hope St, Providence, RI 02906

    5beds
    2,415sqft
    Multi Family
    Built in 1910
    -- sqft lot
    $950,700 Zestimate®
    $350/sqft
    $3,075 Estimated rent

    Home value

    $950,700

    $894,000 - $1.02M

    $3,075/mo

    Zestimate® history
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    What's special

    This multifamily features two units: Unit 1 is a 2-bed, 2-bath apartment, and Unit 2 is a 3-bed, 3.5-bath townhouse. The house was gutted to the studs and fully renovated with new electric and plumbing, with 3 heating zones (one for each floor). Both units have been recently given a fresh coat of paint throughout and have beautiful kitchens with stainless steel appliances and granite countertops, central air, marble tiles, hardwood floors, and in-unit washer/dryer. The units come vacant, with projected market rents of $2650 for Unit 1 and $3500 for Unit 2, giving a projected cap rate of 6.33%. This is a perfect opportunity for owner-occupied with rental income. The property is located near Brown University, RISD, and various local restaurants and shopping centers.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tony Berbara 781-308-7762,

    William Raveis Inspire

    Bought with:

    Matt Mandeville, RES.0047223

    Century 21 Limitless Prg

    Source: StateWide MLS RI,MLS#: 1362371MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 6
    • Full bathrooms: 5
    • 1/2 bathrooms: 1
    Bathroom
    • Features: Bath w Shower Stall, Bath w Tub & Shower
    Heating
    • Natural Gas, Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Gas Water Heater, Dishwasher, Dryer, Exhaust Fan, Microwave, Oven/Range, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Wall (Dry Wall), Plumbing (Copper), Plumbing (Mixed), Plumbing (PVC), Insulation (Floors), Insulation (Walls), Ceiling Fan(s)
    • Flooring: Hardwood, Marble
    • Basement: Full,Walk-Out Access,Unfinished,Storage Space,Utility
    • Has fireplace: No
    Interior area
    • Total structure area: 2,013
    • Total interior livable area: 2,415 sqft

    Property

    Parking
    • Parking features: No Garage
    Features
    • Stories: 3
    • Patio & porch: Patio
    • Fencing: Fenced
    Lot
    • Size: 2,848 Square Feet
    • Features: Sidewalks
    Details
    • Parcel number: PROVM9L323
    • Special conditions: Conventional/Market Value

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Dry Wall, Other Siding
    • Foundation: Concrete Perimeter
    Condition
    • New construction: No
    • Year built: 1910

    Utilities & green energy

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

    Community & HOA

    Community
    • Features: Near Public Transport, Commuter Bus, Highway Access, Hospital, Interstate, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping
    • Subdivision: Fox Point
    HOA
    • Has HOA: No
    Location
    • Region: Providence

    Financial & listing details

    • Price per square foot: $350/sqft
    • Tax assessed value: $787,200
    • Annual tax amount: $10,852
    • Date on market: 9/26/2024
    • Inclusions: Owner Annual Income is based on the projected rent of $2650 for Unit 1 and $3500 for Unit 2. Annual Expenses are for 2023 and include Taxes, Insurance, Water/Sewage, Maintenance, Landscaping/Snow Removal, and potential Vacancy at 3%.
    • Total actual rent: 6150
    • Tenant pays: Heat

    Price history

    DateEventPrice
    7/26/2024Sold$845,000-3.4%$350/sqft
    Source: StateWide MLS RI #1362371 Report a problem
    7/18/2024Pending sale$875,000$362/sqft
    Source: StateWide MLS RI #1362371 Report a problem
    7/8/2024Contingent$875,000$362/sqft
    Source: StateWide MLS RI #1362371 Report a problem
    6/25/2024Listed for sale$875,000+505.1%$362/sqft
    Source: StateWide MLS RI #1362371 Report a problem
    10/25/2017Listing removed$1,450$1/sqft
    Source: Coastway Management Report a problem
    10/11/2017Listed for rent$1,450$1/sqft
    Source: Coastway Management Report a problem
    3/12/2017Listing removed$1,450$1/sqft
    Source: SeaLegs Property Group Report a problem
    1/14/2017Listed for rent$1,450$1/sqft
    Source: Coastway Management Report a problem
    8/25/2015Sold$144,600-17.4%$60/sqft
    Source: Public Record Report a problem
    1/1/2015Listed for sale$175,000+695.5%$72/sqft
    Source: Samson Realty, Ltd. #1085523 Report a problem
    2/4/1994Sold$22,000$9/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$11,021 +1.6%$787,200 +33.1%
    2024$10,852 +3.1%$591,400
    2023$10,527 $591,400
    2022$10,527 +18.7%$591,400 +63.8%
    2021$8,866 0%$361,000
    2020$8,866 $361,000
    2019$8,866 +12.9%$361,000 +46.9%
    2018$7,853 0%$245,700
    2017$7,853 +17.7%$245,700 +17.7%
    2016$6,670 -2.1%$208,700 +1.4%
    2015$6,815 -1.9%$205,900
    2013$6,949 -5.6%$205,900 -10.8%
    2012$7,363 $230,900
    2011$7,363 +5%$230,900
    2010$7,015 -1.3%$230,900 -21.3%
    2009$7,106 +6.4%$293,500 +0.4%
    2007$6,678 -4.8%$292,400 +26%
    2006$7,016 $232,100
    2005$7,016 $232,100
    Find assessor info on the county website

    Neighborhood: Mount Hope

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $950,700
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    Estimated market value
    $950,700

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