Turnkey income producing 3 family investment! This well-maintained multi-family property offers strong income potential and long-term value. Major capital improvements already completed with a 2 1/2 yr old roof, and hard wired smoke detectors for code compliance. Each unit is spacious and thoughtfully designed with separate entrances, generous layouts, abundant natural light, and functional kitchens and living areas ideal for today’s renters. In addition to the 3 units, there is also a first floor art studio with bath, and a second level office and flex space. The basement has plenty of storage, a workshop, and coin-op washer and dryer. The property also features a rare large, private fenced yard - an added bonus for tenants and owner occupied alike! Tenants enjoy convenient access to nearby shopping, dining, schools, and major transportation routes, making this a highly desirable location. Whether you’re looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property presents a rare and versatile opportunity. The current owners have primarily chosen mid-term monthly rentals that have included utilities however each unit is separately metered proving flexibility. Taxes are based on owner occupied rate. Owners will sell fully furnished if desired.
Sold for $930,000
$930,000
56 Ivy St, Providence, RI 02906
7beds
4,032sqft
Multi Family
Built in 1900
-- sqft lot
$937,000 Zestimate®
$231/sqft
$2,761 Estimated rent
Home value
$937,000
$834,000 - $1.06M
$2,761/mo
Zestimate® history
Owner options
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$2,761/mo
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$2,761/mo
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$4,792/mo
Est. payment
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$4,792/mo
Est. payment
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List your homeWhat's special
Coin-op washer and dryerFunctional kitchensSeparate entrancesAbundant natural lightGenerous layoutsHard wired smoke detectors
Zillow last checked:
Listing updated:
Listed by:
Christine Dupuis 401-626-1945,
Mott & Chace Sotheby's Intl.
Bought with:
Jane Driver, REB.0016979
Residential Properties Ltd
Source: StateWide MLS RI,MLS#: 1405134
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Baseboard, Forced Air, Hydro-Air, Steam
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater, Dryer, Microwave, Oven/Range, Refrigerator, Washer
- Laundry: Common Area, In Building
Features
- Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
- Flooring: Ceramic Tile, Hardwood
- Basement: Full,Interior and Exterior,Unfinished,Laundry,Storage Space,Utility,Work Shop
- Attic: Attic Stairs, Attic Storage
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 3,944
- Total interior livable area: 4,032 sqft
Property
Parking
- Total spaces: 4
- Parking features: No Garage
Features
- Stories: 3
- Fencing: Fenced
Lot
- Size: 5,662 sqft
Details
- Parcel number: PROVM6L130
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Plaster, Clapboard, Vinyl Siding
- Foundation: Brick/Mortar, Stone
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 200+ Amp Service, Circuit Breakers, Common Meter, Individual Meter
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
Location
- Region: Providence
- Subdivision: East Side
HOA & financial
Other financial information
- Total actual rent: 8550
Price history
| Date | Event | Price |
|---|---|---|
| 4/23/2026 | Sold | $930,000-9.6%$231/sqft |
Source:  StateWide MLS RI #1405134 Report a problem | ||
| 4/3/2026 | Pending sale | $1,029,000$255/sqft |
Source: StateWide MLS RI #1405134 Report a problem | ||
| 3/23/2026 | Contingent | $1,029,000$255/sqft |
Source: StateWide MLS RI #1405134 Report a problem | ||
| 2/18/2026 | Listed for sale | $1,029,000-10.5%$255/sqft |
Source: StateWide MLS RI #1405134 Report a problem | ||
| 2/16/2026 | Listing removed | $1,150,000$285/sqft |
Source: StateWide MLS RI #1403353 Report a problem | ||
| 1/21/2026 | Listed for sale | $1,150,000+147.3%$285/sqft |
Source: StateWide MLS RI #1403353 Report a problem | ||
| 5/31/2018 | Sold | $465,000$115/sqft |
Source: StateWide MLS RI #1185209 Report a problem | ||
| 3/16/2018 | Listed for sale | $465,000$115/sqft |
Source: Doyle Realty #1185209 Report a problem | ||
| 7/31/2017 | Listing removed | $465,000$115/sqft |
Source: Doyle Realty #1158111 Report a problem | ||
| 6/2/2017 | Price change | $465,000-2.9%$115/sqft |
Source: Doyle Realty #1158111 Report a problem | ||
| 5/9/2017 | Price change | $479,000-3.2%$119/sqft |
Source: Doyle Realty #1158111 Report a problem | ||
| 4/30/2017 | Listed for sale | $495,000+272.2%$123/sqft |
Source: Doyle Realty #1158111 Report a problem | ||
| 8/5/2002 | Sold | $133,000$33/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,231 -45.3% | $957,700 +33% |
| 2024 | $13,214 +3.1% | $720,100 |
| 2023 | $12,818 | $720,100 |
| 2022 | $12,818 +13.7% | $720,100 +56.8% |
| 2021 | $11,278 +66.7% | $459,200 |
| 2020 | $6,767 0% | $459,200 |
| 2019 | $6,769 -50.7% | $459,200 +6.9% |
| 2018 | $13,724 0% | $429,400 |
| 2017 | $13,724 | $429,400 |
| 2016 | $13,724 +13.9% | $429,400 +17.9% |
| 2015 | $12,052 -1.9% | $364,100 |
| 2013 | $12,288 -6.1% | $364,100 -11.3% |
| 2012 | $13,084 | $410,300 |
| 2011 | $13,084 +5% | $410,300 |
| 2010 | $12,465 +5.6% | $410,300 -15.8% |
| 2009 | $11,802 +6% | $487,500 |
| 2007 | $11,135 +0.7% | $487,500 +33.3% |
| 2006 | $11,058 | $365,800 |
| 2005 | $11,058 | $365,800 |
Find assessor info on the county website
Neighborhood: Mount Hope
Nearby schools
GreatSchools rating
- 6/10Martin Luther King Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 5/10Nathan Bishop Middle SchoolGrades: 6-8Distance: 0.4 mi
- 1/10Hope High SchoolGrades: 9-12Distance: 0.5 mi
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Estimated market value
$937,000
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Estimated market value
$937,000
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