8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence
8 Somerset Street, Providence

8 Somerset Street Providence

$1,300,000
10,019 sq ft

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The Property

Excellent investment opportunity in Providence! Expansive Lot! This well-maintained multi-family property features a total of 10 residential units, including nine 1-bedroom units and one 2-bedroom unit, providing a diverse rental mix and strong income-producing potential. Currently generating rental income, this property is ideal for investors seeking a stable asset in a desirable location with long-term upside. The building has been well cared for and offers are very large lot for possible future potential. Conveniently located near the Silver Lake and West End neighborhoods, residents enjoy easy access to local restaurants, cafes, grocery stores, parks, and neighborhood services.

Minutes to Downtown Providence, offering dining, nightlife, entertainment, arts, and major employment centers. Easy access to Route 6, Route 10, Interstate 95, and Interstate 195. Close to Rhode Island Hospital, Hasbro Children’s Hospital, educational institutions, public transportation, and approximately 15–20 minutes to T.F. Green Airport. A rare opportunity to acquire a strong income-producing asset in a prime Providence location.

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Listing Details

MLS Number

1416144

Lot Size:

0.23 acres

Features

  • Downtown
  • Year Built: 1853

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Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today78-90.2% decrease in inventory
    New on Market *1614.3% increase in new listings
    Avg. Asking Price/Sq.Ft. *$271.43$68 increase in List Price/Sq.Ft.
    Avg. Sale Price *$698,750$628,750 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *92.68%-7.3% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$264.89$265 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *10747 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Century 21 Limitless
Phone: 508-567-3468

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