5 Lee Street Providence

$629,000
6 3 2,679 sq ft

The Property

Discover an outstanding investment opportunity at 5 Lee St, a legally conforming three-family residence located in Federal Hill. This is clean and well-maintained three-family home, officially updated with a recently obtained certificate of occupancy (CO) for legal conformance. The building features three well-sized two-bedroom units and currently has below market rents, presenting significant potential for immediate rental growth and maximizing your return on investment. The property is up to date with lead conformance with all lead certificates being up to date.

All tenants are long-term residents and are currently on month-to-month contracts. The property is ideally situated just steps from the popular shops and renowned restaurants that Atwells Ave, Broadway, and Federal Hill have to offer, making it a popular destination for qualified tenants.

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Listing Details

MLS Number

1411214

Lot Size:

0.05 acres

Features

  • Basement: Full, Interior and Exterior, Unfinished
  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Heating: Natural Gas, Baseboard
  • Heating Fuel: Natural Gas, Baseboard
  • Laundry
  • Year Built: 1920

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Market Trends for Single Family Homes
in Providence

  • Overview
    Homes for Sale Today275-92.5% decrease in inventory
    New on Market *20715.6% increase in new listings
    Avg. Asking Price/Sq.Ft. *$360.83$9 increase in List Price/Sq.Ft.
    Avg. Sale Price *$648,486$53,102 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *108.39%-91% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$332.30$12 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *6513 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 Lenox Realty Group

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