140 Cleveland Street Providence

$480,000
6 2 2,184 sq ft

The Property

Spacious 2-family offering flexible 2–3 bedroom layouts in Providence’s Hartford neighborhood. Each unit provides about 1100 square feet of living space, not including the finished basement allowing for multiple configuration options for bedrooms, home offices, or extended family needs. Both units have a deck / Balcony area. Projected market rents show $4,300–$4,500 per month, Make this ideal for owner-occupants looking to offset their mortgage.

Investors seeking long-term rental income with great space, cap rate falls in the 6–6.5% range. Additional highlights include separate utilities, gas heat, 5 off-street parking spaces, integral garage for easy in and out. Newer roof, and convenient access to highways, restaurants, and amenities & shopping. Whether you’re looking to live in one unit and rent the other or add to your portfolio, this property offers space, versatility, and long-term potential and Solid Value. Owner-occupants may qualify for Providence’s Homestead Exemption, potentially reducing property taxes by 40%, live for less.

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Listing Details

MLS Number

1405691

Lot Size:

0.07 acres

Features

  • Basement: Full, Walkout, Finished, Common, Storage Space, Utility
  • Bus
  • Commuter Bus
  • Highway Access
  • Interstate
  • Public School
  • Recreational Facilities
  • Restaurants
  • Shopping
  • Deck
  • Heating: Natural Gas, Forced Air
  • Heating Fuel: Natural Gas, Forced Air
  • Garage: 1
  • Year Built: 1900

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Market Trends for Single Family Homes
in Providence

  • Overview
    Homes for Sale Today243-93.1% decrease in inventory
    New on Market *18783.3% increase in new listings
    Avg. Asking Price/Sq.Ft. *$336.43$42 increase in List Price/Sq.Ft.
    Avg. Sale Price *$738,559$185,631 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *1406.11%1328% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$337.40$26 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *773 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 Keller Williams Coastal

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