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40 - 42 40r Willow Street Providence

$769,900
7 3 4,575 sq ft

The Property

Discover a remarkable opportunity in the heart of Providence’s Historic Armory/West End neighborhood. Spacious multi-family home boasts an impressive 4,575 square feet of living space. Perfect for both owner-occupants and investors, property features three generously sized units, each with its own unique charm. The first two units showcase three bedrooms, a kitchen, dining room, bathroom, living room, and family room.

The third unit offers a cozy one-bedroom layout with a kitchen, family room, dining room, and additional storage space. The property’s versatility is further enhanced by a four-bay detached garage, providing ample parking for residents and guests. Situated on a substantial lot, this historic home presents exciting possibilities. With proper due diligence and approval from the City of Providence, Planning and Zoning, and Historic committee, the property could potentially be converted into condominiums, along with adjacent lot which also offers the prospect of constructing additional units, subject to necessary approvals. The neighborhood boasts convenient access to shopping, restaurants, and downtown Providence. Local Colleges, Universities, and major transportation routes are just moments away, while nature enthusiasts will appreciate the proximity to Franciscan Park, This multi-family home presents an excellent investment opportunity in a thriving urban setting. Don’t miss the chance to make this property your next home or investment property.

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Listing Details

MLS Number

1371442

Lot Size:

0.25 acres

Features

  • Basement: Full, Interior Only, Unfinished, Storage Space, Utility
  • Commuter Bus
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Shopping
  • Heating: Natural Gas, Forced Water, Steam, Zoned
  • Heating Fuel: Natural Gas, Forced Water, Steam, Zoned
  • Garage: 1
  • Laundry
  • Local Historic District
  • Extra Lot
  • Paved Driveway
  • Sidewalks
  • Year Built: 1882

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Market Trends for Multi Family
in Providence

  • Overview
    Homes for Sale Today76-47.6% decrease in inventory
    New on Market *51-20.3% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$210.14$15 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$657,786$24,399 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *99.52%-1.8% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$216.13$12 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *723 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?

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

Listed by Ri Real Estate Services

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