119 Elmwood Avenue Providence

$749,999
7 3 3,800 sq ft

The Property

Welcome to 119 Elmwood Avenue, a legal three-family property offering an excellent opportunity for both owner-occupants and investors. Whether you’re a first-time homebuyer looking to begin building equity through real estate or an investor seeking to expand your portfolio, this multifamily offers flexibility and long-term potential.

For an owner-occupant, this is an opportunity to live in one unit while generating rental income from the additional units to help offset monthly housing expenses. Investors can take advantage of three separate units and the property’s established multifamily configuration.

The property features spacious living areas, functional kitchens and baths, separate utilities, off-street parking, and additional basement storage. The units offer comfortable layouts with a combination of wood, tile, and updated flooring, along with opportunities for continued improvements and future value enhancement.

Conveniently located near Downtown Providence, schools, shopping, restaurants, public transportation, and major highway access, the property provides easy connectivity to many of the amenities Providence has to offer.

Whether you’re looking to purchase your first multifamily, pursue an owner-occupied investment strategy, or add another income-producing property to your portfolio, 119 Elmwood Avenue is an opportunity worth exploring. Schedule your private showing today!

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Listing Details

MLS Number

1421229

Lot Size:

0.09 acres

Features

  • Basement: Full, Interior and Exterior, Finished
  • Heating: Natural Gas, Baseboard
  • Heating Fuel: Natural Gas, Baseboard
  • Year Built: 1900

Market Trends for Single Family Homes
in Providence

  • Overview
    Homes for Sale Today357-91.3% decrease in inventory
    New on Market *192-3.5% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$355.56$34 increase in List Price/Sq.Ft.
    Avg. Sale Price *$746,760$82,552 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *100.29%-0.2% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$356.79$13 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *755 increase 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 REALPRO by The Water
Email: broker@therealprogroup.com
Phone: 401-600-4100

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