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5 Marshall Street Providence

$592,500
5 3 4,056 sq ft

The Property

Welcome home to the West End. Located just steps off of Broadway and right in the center of one of the city’s most vibrant restaurant and bar scenes, this turn key multi-family property is a perfect opportunity for any investor or owner-occupant. The first floor unit offers two possibilities: it can be used as a 2 bedroom apartment or potential for a specific business looking for convenient storefront space with large street side windows. The second floor unit is a spacious 2 bedroom, 1 bathroom unit with a bonus office room.

The third floor 1 bedroom apartment offers new skylights and plenty of light for this unique and comfortable space. Current rents are below market value. Separate utilities for gas and electric , a young roof, newer heating systems including on-demand high efficiency Navien boiler and blown-in insulation from RISE Engineering are some of the recent improvements. Be a part of the exciting revitalization taking place in this historic neighborhood.

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Listing Details

MLS Number

1298317

Lot Size:

0.03 acres

Features

  • Basement: Full
  • Brick
  • Clapboard
  • Fireplace: Brick
  • Heating: Forced Water
  • Heating Fuel: Gas
  • Laundry
  • Fenced
  • Type: Apartment
  • Year Built: 1910

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Market Trends for Multi Family Homes
in Providence

  • Overview
    Homes for Sale Today78-95.9% decrease in inventory
    New on Market *52-1.9% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$155.42$16 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$448,611$38,776 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *100.41%-2% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$139.74$10 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *862 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 RE/MAX Profnl. Newport, Inc.

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