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$ 1,029,000

Est. payment | -/mo

7 Beds

4 Baths

3,944 SqFt

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$ 1,029,000

Est. payment | -/mo

Save Virtual Tour

7 Beds

4 Baths

3,944 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 3,944 sqft

Price per Sqft $260

Subdivision East Side

MLS Listing ID 1405134

Style Stacked

Bedrooms 7

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 3,944

Year Built 1900

Annual Tax Amount $6,731

Tax Year 2025

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type Multi Family

Property Description

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.

Location

State RI

County Providence

Community East Side

Rooms

Basement Exterior Entry, Full, Interior Entry, Unfinished

Interior

Interior Features Attic, Permanent Attic Stairs, Storage, Tub Shower, Furnished

Heating Baseboard, Forced Air, Gas, Hydro Air, Steam

Cooling Window Unit(s)

Flooring Ceramic Tile, Hardwood

Fireplaces Type None

Inclusions First floor entry chandelier does not convey.

Furnishings Furnished

Fireplace No

Appliance Dryer, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer

Laundry Common Area

Exterior

Fence Fenced

Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Other, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, See Remarks, Tennis Court(s)

Utilities Available Sewer Connected

Total Parking Spaces 4

Garage No

Building

Foundation Brick/Mortar, Stone

Sewer Connected

Water Connected

Architectural Style Stacked

Structure Type Plaster,Clapboard,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 56IVYSTPROV

Virtual Tour https://tour.RiLiving.com/56-Ivy-Street-Providence-RI-02906

Listed by Mott & Chace Sotheby's Intl.

NEARBY SCHOOL & BUSINESS

L&L Homes Team

Licensed in MA, CA, RI | License ID: 9527841

+1(508) 649-5646 | info@llhomesteam.com

56 Ivy ST Providence, RI 02906

L&L Homes Team

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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56 Ivy ST

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