5 Trenton Street Providence

$915,000
6 3 2,142 sq ft

The Property

Located in one of the East Side’s most desirable and high demand rental corridors, 5 Trenton Street presents an excellent opportunity for buyers seeking stable income and long-term appreciation. This legal 3-family property is located in close proximity to Brown University and RISD, and is walking distance to many of the best restaurants, bars, and cafes in Fox Point, driving consistent year-round tenant demand. There are three 2 Bed/1Bath units, each with separate utilities, off-street parking, replacement windows, and lead certificates. Additional highlights include a fenced in backyard and large basement storage area.

Fully leased through Summer of 2027, this turnkey property delivers an immediate 7%+ cap rate with further long-term upside in a blue-chip East Side location.

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Listing Details

MLS Number

1415989

Lot Size:

0.06 acres

Features

  • Basement: Full, Interior and Exterior, Unfinished
  • Fireplace: Brick
  • Heating: Electric, Natural Gas, Baseboard, Forced Water
  • Heating Fuel: Electric, Natural Gas, Baseboard, Forced Water
  • Laundry
  • Year Built: 1847

Market Trends for Single Family Homes
in Providence

  • Overview
    Homes for Sale Today310-92.1% decrease in inventory
    New on Market *20616.4% increase in new listings
    Avg. Asking Price/Sq.Ft. *$351.14$13 increase in List Price/Sq.Ft.
    Avg. Sale Price *$749,802$52,589 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *101.37%2.6% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$341.55$5 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *5913 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?

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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 William Raveis Inspire
Email:
Phone: 401-751-8100

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