Excellent investment opportunity in the heart of Federal Hill’s iconic DePasquale Plaza with excellent rental history. First floor tenant is in year 4 of a five year lease with rental renewal options. The restaurant offers access to an outdoor dining area, where the ambiance of DePasquale Plaza is unmatched, especially in the summer months. The second-floor apartment features an updated eat-in kitchen with stainless steel appliances, a renovated bathroom, in unit laundry, living room, and two generously sized bedrooms. The third-floor apartment offers two-story loft living. The main level includes an updated kitchen and bathroom with laundry, open living area, and one bedroom. The second-level loft serves as a spacious primary bedroom. The young roof and all major mechanical system updated within the past few years make this a turn-key mixed-use investment in one of Providence’s most vibrant and high-demand locations.
Sold for $1,100,000
$1,100,000
61 De Pasquale Ave, Providence, RI 02903
4beds
3,507sqft
Multi Family
Built in 1900
-- sqft lot
$1,110,900 Zestimate®
$314/sqft
$2,931 Estimated rent
Home value
$1,110,900
$989,000 - $1.24M
$2,931/mo
Zestimate® history
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$7,037/mo
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List your homeWhat's special
Two-story loft livingYoung roofIn unit laundryOutdoor dining areaSpacious primary bedroomRenovated bathroomTwo generously sized bedrooms
Zillow last checked:
Listing updated:
Listed by:
Lindsay Pettinelli 401-439-0582,
Churchill & Banks Co., LLC
Bought with:
Lindsay Pettinelli, RES.0043494
Churchill & Banks Co., LLC
Source: StateWide MLS RI,MLS#: 1402856
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Natural Gas, Baseboard, Forced Air
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
- Laundry: In Unit
Features
- Flooring: Ceramic Tile, Hardwood
- Basement: Full,Bulkhead,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,507
- Total interior livable area: 3,507 sqft
Property
Parking
- Parking features: No Garage
Features
- Stories: 3
Lot
- Size: 1,350 Square Feet
Details
- Foundation area: 1375
- Parcel number: PROVM28L972
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Other Siding
- Foundation: Mixed, Stone
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 100 Amp Service, 200+ Amp Service
- Sewer: Public Sewer, Public Connected
- Water: Municipal
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Near Shopping
- Subdivision: Federal Hill
HOA
- Has HOA: No
Location
- Region: Providence
Financial & listing details
- Price per square foot: $314/sqft
- Tax assessed value: $707,800
- Annual tax amount: $20,645
- Date on market: 1/8/2026
- Total actual rent: 8800
- Tenant pays: Heat
Price history
| Date | Event | Price |
|---|---|---|
| 5/4/2026 | Sold | $1,100,000$314/sqft |
Source:  StateWide MLS RI #1402856 Report a problem | ||
| 2/7/2026 | Pending sale | $1,100,000$314/sqft |
Source: StateWide MLS RI #1402856 Report a problem | ||
| 1/8/2026 | Listed for sale | $1,100,000+171.6%$314/sqft |
Source: StateWide MLS RI #1402856 Report a problem | ||
| 2/25/2000 | Sold | $405,000$115/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,334 | $707,800 +67.3% |
| 2024 | -- | $423,000 |
| 2023 | -- | $423,000 |
| 2022 | -- | $423,000 +32.7% |
| 2021 | -- | $318,700 |
| 2020 | $11,696 | $318,700 |
| 2019 | $11,696 | $318,700 +8.8% |
| 2018 | -- | $292,900 |
| 2017 | -- | $292,900 |
| 2016 | -- | $292,900 +11.8% |
| 2015 | -- | $262,100 -41.4% |
| 2011 | -- | $447,000 |
| 2010 | -- | $447,000 -0.4% |
| 2009 | -- | $448,900 |
| 2007 | $10,253 | $448,900 +78.7% |
| 2006 | -- | $251,200 |
| 2005 | -- | $251,200 |
Find assessor info on the county website
Neighborhood: Federal Hill
Nearby homes
- $--3 bd1 ba-- sqft61 De Pasquale Ave #4, Providence, RI 02903Off Market
- $--2 bd1 ba1.4k sqft61 De Pasquale Ave FLOOR 2, Providence, RI 02903Off Market
- $--2 bd1 ba1.2k sqft61 De Pasquale Ave #1, Providence, RI 02903Off Market
- $--1 bd1 ba-- sqft61 De Pasquale Ave #3D, Providence, RI 02903Off Market
- $--1 bd1 ba-- sqft59 De Pasquale Ave #3BB, Providence, RI 02903Off Market
- $--2 bd1 ba1.1k sqft59 De Pasquale Ave #2, Providence, RI 02903Off Market
- $--3 bd1 ba-- sqft100 Spruce St #3, Providence, RI 02903Off Market
- $--2 bd1 ba1.4k sqft100 Spruce St, Providence, RI 02903Off Market
Nearby schools
GreatSchools rating
- 4/10Asa Messer Elementary SchoolGrades: PK-4Distance: 0.7 mi
- 5/10Nathanael Greene Middle SchoolGrades: 6-8Distance: 0.7 mi
- 3/10Central High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$1,110,900
Get a cash offer in 3 minutes
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Estimated market value
$1,110,900
- Rhode Island
- Providence County
- Providence
- 02903
- Federal Hill
- 61 De Pasquale Ave
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