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Sold for $1,525,000
    • $1,525,000

    71 Olney St, Providence, RI 02906

    15beds
    4,671sqft
    Multi Family
    Built in 1920
    -- sqft lot
    $1,656,600 Zestimate®
    $326/sqft
    $-- Estimated rent

    Home value

    $1,656,600

    $1.54M - $1.79M

    Not available

    Zestimate® history
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    What's special

    **The property is being sold in a package with 173 Prospect St, MLS#1360296. Both properties must be purchased together, total price $3,300,000** 173 Prospect Street and 71 Olney Street present a unique turn-key investment opportunity with 30 Bedrooms and 14 bathrooms, primarily rented to graduate students from Brown University, RISD, and JWU. Both properties have been renovated with new electrical service and wiring, plumbing, HVAC, hardwired sprinkler system and alarm system, new kitchens, appliances, and bathrooms. 8 parking spaces. These units are fully furnished and rented by the bedroom, each individual lease is co-signed. This is a great addition to any portfolio. Conveniently located near the Universities, Whole Foods, and highway.

    Zillow last checked:

    Listing updated:

    Listed by:

    Spencer Kelleher 508-493-7093,

    William Raveis Inspire

    Bought with:

    Spencer Kelleher, RES.0048238

    William Raveis Inspire

    Source: StateWide MLS RI,MLS#: 1360300MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 15
    • Bathrooms: 7
    • Full bathrooms: 7
    Heating
    • Natural Gas, Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Electric Water Heater
    Features
    • Flooring: Hardwood
    • Basement: Full,Interior Entry,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 4,671
    • Total interior livable area: 4,671 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: No Garage
    Lot
    • Size: 2,805 Square Feet
    Details
    • Parcel number: PROVM9L570
    • Zoning: R-3
    • Special conditions: Conventional/Market Value

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Wood
    • Foundation: Stone
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Electric: 200+ Amp Service
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Providence

    Financial & listing details

    • Price per square foot: $326/sqft
    • Tax assessed value: $1,503,500
    • Annual tax amount: $18,419
    • Date on market: 9/26/2024
    • Inclusions: P&L available upon request
    • Total actual rent: 3

    Price history

    DateEventPrice
    10/2/2024Sold$1,525,000-7.6%$326/sqft
    Source: StateWide MLS RI #1360300 Report a problem
    8/7/2024Pending sale$1,650,000$353/sqft
    Source: StateWide MLS RI #1360300 Report a problem
    5/29/2024Listed for sale$1,650,000+207%$353/sqft
    Source: StateWide MLS RI #1360300 Report a problem
    8/9/2017Listing removed$7,000$1/sqft
    Source: RentProv Realty Report a problem
    7/10/2017Listed for rent$7,000+118.8%$1/sqft
    Source: RentProv Realty Report a problem
    4/11/2016Listing removed$3,200+156%$1/sqft
    Source: RentProv Realty Report a problem
    11/4/2014Listing removed$1,250
    Source: Postlets Report a problem
    10/24/2014Listed for rent$1,250
    Source: Postlets Report a problem
    2/17/2006Sold$537,500+459.9%$115/sqft
    Source: Public Record Report a problem
    12/19/2001Sold$96,000-20%$21/sqft
    Source: Public Record Report a problem
    12/10/1999Sold$120,000$26/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$21,049 +14.3%$1,503,500 +49.8%
    2024$18,420 +3.1%$1,003,800
    2023$17,868 $1,003,800
    2022$17,868 +9.1%$1,003,800 +50.5%
    2021$16,382 +0%$667,000 -3.2%
    2020$16,382 -3.2%$689,000
    2019$16,922 -2.1%$689,000 +27.3%
    2018$17,294 0%$541,100
    2017$17,294 +65.3%$541,100 +65.3%
    2016$10,461 -17.2%$327,300 -14.3%
    2015$12,641 -1.9%$381,900
    2013$12,889 -8.1%$381,900 -13.1%
    2012$14,019 $439,600
    2011$14,019 -3.6%$439,600 -8.2%
    2010$14,549 +11.7%$478,900 -11%
    2009$13,030 +6%$538,200
    2007$12,292 -10.5%$538,200 +18.5%
    2006$13,730 $454,200
    2005$13,730 $454,200
    Find assessor info on the county website

    Neighborhood: College Hill

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    Estimated market value
    $1,656,600
    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
    $1,656,600

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