54 Barton Street Providence

$1,695,000
5,021 sq ft

The Property

Presenting 54-56 Barton Street, two well-maintained legal three-family structures in the Federal Hill / West End neighborhood of Providence. This turnkey asset consists of two separate structures, 3-story buildings with 3 units each. The property includes two 3-bedroom/1-bathroom units, three 2-bedroom/1-bathroom units, and one 1-bedroom/1-bathroom unit. Each unit features separate heating and mechanicals, replacement windows, and efficient layouts.

The property delivers an attractive 7%+ cap rate with solid rental income and low operating headaches. Off-street parking available for all 6 units and washer/dryer in the basements. The two structures are on separate parcels and can be financed separately with residential mortgages, but must be purchased together. Call for more details and/or to schedule a showing!

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Listing Details

MLS Number

1415347

Lot Size:

0.13 acres

Features

  • Basement: Full
  • Urban
  • Year Built: 1930

Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today79-90% decrease in inventory
    New on Market *2033.3% increase in new listings
    Avg. Asking Price/Sq.Ft. *$191.17$12 increase in List Price/Sq.Ft.
    Avg. Sale Price *$260,000$38,750 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *86.96%-1.7% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$286.98$209 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *24494 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 William Raveis Inspire

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