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511 Hope Street Providence

$673,000
6 5 6,017 sq ft

The Property

Investors and contractors take note! Impressive legal two-family building offering 4,105 square feet above grade living space on a 9,535 square foot parcel with potential to split off a buildable lot for a 1 or 2-family home. The property includes a two-car garage, a huge parking area for 12 cars, gardens, and a patio. The home was originally built in 1900 and has beautiful period details preserved throughout. 9 foot high ceilings and hardwood floors.

Currently being used as a 3 family: owner-occupied apartment on the 1st floor, month-to-month tenants in the 2nd and 3rd floor apartments. Rental amounts could be much higher. This property offers many possibilities for the creative buyer.

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Listing Details

MLS Number

1287907

Lot Size:

0.22 acres

Features

  • Basement: Full
  • Deck
  • Insulated Glass Windows
  • Patio
  • Vinyl Siding
  • Heating: Baseboard, Forced Water, Zoned
  • Heating Fuel: Gas
  • Garage: Detached, Door Opener
  • Laundry
  • Extra Lot
  • Fenced
  • Paved Driveway
  • Sidewalks
  • Type: Up/Down
  • Year Built: 1900

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Market Trends for Multi Family Homes
in Providence

  • Overview
    Homes for Sale Today77-96% decrease in inventory
    New on Market *555.8% increase in new listings
    Avg. Asking Price/Sq.Ft. *$154.70$18 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$448,611$35,411 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *100.41%-1.7% 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 *863 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 Residential Properties, Ltd.

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