Opportunity is knocking at 507 Academy Ave in Providence’s desirable Elmhurst neighborhood! This 4-bedroom, 1.5-bath home offers incredible value with strong bones and endless upside—a little TLC can go a long way. Zoned R-3, presenting prime potential for investors including possible multi-family conversion or ADU addition (buyer to perform due diligence). The existing layout and garage offer flexibility for expansion and increased rental income. Located just minutes from downtown Providence, major highways, and within walking distance to Providence College, Rhode Island College, and La Salle Academy. Whether you’re an investor looking for your next value-add project or an owner-occupant ready to build equity, this is your chance to secure a property with serious upside. Priced to sell—don’t miss out! Will not pass FHA. Schedule your viewing today!
Sold for $366,000
$366,000
507 Academy Ave, Providence, RI 02908
4beds
1,245sqft
Single Family Residence
Built in 1925
5,662.8 Square Feet Lot
$363,100 Zestimate®
$294/sqft
$3,370 Estimated rent
Home value
$363,100
$345,000 - $381,000
$3,370/mo
Zestimate® history
Owner options
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$3,370/mo
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$3,370/mo
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$1,886/mo
Est. payment
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$1,886/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Krystle Cook 401-451-6454,
Innovations Realty
Bought with:
Kyle Seyboth, REB.0019335
Century 21 Limitless
Source: StateWide MLS RI,MLS#: 1407187
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Forced Air, Steam
Cooling
- None
Appliances
- Included: Gas Water Heater, Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
Features
- Wall (Dry Wall), Wall (Paneled), Wall (Wood), Stairs
- Flooring: Hardwood, Other, Carpet
- Basement: Full,Bulkhead,Unfinished,Laundry,Storage Space,Utility
- Attic: Attic Stairs
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,245
- Total interior livable area: 1,245 sqft
- Finished area above ground: 1,245
- Finished area below ground: 0
Property
Parking
- Total spaces: 5
- Parking features: Detached, Driveway
- Garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Approach with Ramp
Features
- Fencing: Fenced
Lot
- Size: 5,662 sqft
Details
- Parcel number: PROVM116L8
- Zoning: R3
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Dry Wall, Paneled, Wood Wall(s), Shingles
- Foundation: Mixed, Stone
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Electric: 100 Amp Service
- Water: Municipal
- Utilities for property: Sewer Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Highway Access, Hospital, Private School, Public School, Restaurants
Location
- Region: Providence
- Subdivision: Elmhurst
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2026 | Sold | $366,000+4.6%$294/sqft |
Source:  StateWide MLS RI #1407187 Report a problem | ||
| 3/27/2026 | Pending sale | $349,900$281/sqft |
Source: StateWide MLS RI #1407187 Report a problem | ||
| 3/23/2026 | Listed for sale | $349,900$281/sqft |
Source: StateWide MLS RI #1407187 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,988 -43.9% | $355,700 +22.7% |
| 2024 | $5,322 +3.1% | $290,000 |
| 2023 | $5,162 | $290,000 |
| 2022 | $5,162 +2.4% | $290,000 +41.3% |
| 2021 | $5,040 +0% | $205,200 |
| 2020 | $5,040 +113.5% | $205,200 |
| 2019 | $2,360 +19.1% | $205,200 +45.8% |
| 2018 | $1,981 -55.9% | $140,700 |
| 2017 | $4,497 | $140,700 |
| 2016 | $4,497 -10.8% | $140,700 -7.6% |
| 2015 | $5,041 -1.9% | $152,300 |
| 2013 | $5,140 -5.3% | $152,300 -10.5% |
| 2012 | $5,428 | $170,200 |
| 2011 | $5,428 +5% | $170,200 |
| 2010 | $5,171 -11.4% | $170,200 -29.4% |
| 2009 | $5,837 +6% | $241,100 |
| 2007 | $5,507 +1% | $241,100 +33.6% |
| 2006 | $5,453 | $180,400 |
| 2005 | $5,453 | $180,400 |
Find assessor info on the county website
Neighborhood: Elmhurst
Nearby schools
GreatSchools rating
- 6/10George J. West Elementary SchoolGrades: K-5Distance: 0.6 mi
- 5/10Nathanael Greene Middle SchoolGrades: 6-8Distance: 0.7 mi
- 2/10Mount Pleasant High SchoolGrades: 9-12Distance: 0.4 mi
Get a cash offer in 3 minutes
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Estimated market value
$363,100
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
$363,100
- Rhode Island
- Providence County
- Providence
- 02908
- Elmhurst
- 507 Academy Ave
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