507 Academy Avenue Providence

$349,900
4 1.5 1,245 sq ft

The Property

Opportunity is knocking at 507 Academy Ave in Providence’s desirable Elmhurst neighborhood! This 4-bedroom, 1.5-bath home offers incredible value with strong bones and endless upside—a little TLC can go a long way. Zoned R-3, presenting prime potential for investors including possible multi-family conversion or ADU addition (buyer to perform due diligence). The existing layout and garage offer flexibility for expansion and increased rental income. Located just minutes from downtown Providence, major highways, and within walking distance to Providence College, Rhode Island College, and La Salle Academy.

Whether you’re an investor looking for your next value-add project or an owner-occupant ready to build equity, this is your chance to secure a property with serious upside. Priced to sell—don’t miss out! Will not pass FHA. Schedule your viewing today!

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Listing Details

MLS Number

1407187

Lot Size:

0.13 acres

Features

  • Basement: Full, Bulkhead, Unfinished, Laundry, Storage Space, Utility
  • Bus
  • Highway Access
  • Hospital
  • Private School
  • Public School
  • Restaurants
  • Heating: Natural Gas, Forced Air, Steam
  • Heating Fuel: Natural Gas, Forced Air, Steam
  • Garage: 1
  • Fenced
  • Paved Driveway
  • Type: Colonial
  • Year Built: 1925

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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 *18579.6% increase in new listings
    Avg. Asking Price/Sq.Ft. *$340.97$45 increase in List Price/Sq.Ft.
    Avg. Sale Price *$742,668$182,548 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *1406.15%1328.7% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$337.29$24 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *782 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 Innovations Realty

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