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56 Abbott Street Providence

$465,000
4 1.1 2,056 sq ft

The Property

This is your chance to own a stunning piece of property on the East Side of Providence, Rhode Island! Not only will you be purchasing a beautiful and historic colonial home, but you will also be buying the possible buildable lot right next to it – all for $500K! The main house has the potential to be converted into a 2 or 3-unit multifamily while the possible buildable lot is ready for new multifamily construction. Not only is this an amazing chance to own a home in the sought-after location of East Providence, but it is also an opportunity to have 2 multifamily properties in a high-demand area. Buyer to do all due diligence. Verbally told by Providence zoning confirming the home conversion and possible buildable lot.


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This home is a Certified Pre-Owned Home™. Please see the attachments for details. * 2,342 Per Month @ 5.78% APR. * 20% Down 30-Year to those who qualify. * Taxes insurance not included. * Rates As of April 2024. * Taxes reflect 45% homestead exemption.

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Listing Details

MLS Number

1351304

Lot Size:

0.21 acres

Features

  • Basement: Full
  • Brick
  • Clapboard
  • Heating: Steam
  • Heating Fuel: Oil,Wood
  • Fenced
  • Type: Colonial
  • Year Built: 1868

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Market Trends for Single Family Homes
in Providence

  • Overview
    Homes for Sale Today56-97.5% decrease in inventory
    New on Market *55-3.5% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$338.70$4 increase in List Price/Sq.Ft.
    Avg. Sale Price *$640,854$60,493 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *100.58%-1.2% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$345.76$31 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *6714 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 Your Home Sold Guaranteed, NCT

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