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38 Mawney Street Providence

$875,000
3,470 sq ft

The Property

Investment Opportunity!

Here’s your chance to add to your portfolio or begin your investment journey. Originally the Edwin Turner mansion, this 1880 Italianate is an 8 unit building in the heart of historic Elmwood. The property is a mix of studio apartments, 2 room efficiencies and one bedroom units – each unit with its own mini-split system for heat and A/C. There is a third floor that has roughed rooms but has never been developed.

This could be an opportunity to add an ADU. And then there’s the land, and there’s a lot of it. With an over 16,000 sq ft lot the new owner has potential to work with the City to explore future development. The property has long term tenants with 6 on a month to month lease and 2 on a yearly rotation. Please reach out to the listing agent for additional information. All showings will be arranged as group showings for ease to the tenants. This is one to see!

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Listing Details

MLS Number

1374743

Lot Size:

0.38 acres

Features

  • Basement: Full
  • Bus
  • Hospital
  • Interstate
  • Public School
  • Restaurants
  • Heating: Hot Air, Individual Control, Other
  • Heating Fuel: Hot Air, Individual Control, Other
  • Laundry
  • Local Historic District
  • Rural
  • Year Built: 1900

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Market Trends for Commercial
in Providence

  • Overview
    Homes for Sale Today59-14.5% decrease in inventory
    New on Market *10-41.2% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$195.28$115 increase in List Price/Sq.Ft.
    Avg. Sale Price *$506,625$213,375 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *101.23%-0.4% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$196.72$41 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *15961 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 Domain Properties

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