61 Depasquale Avenue Providence

$1,100,000
4 3 3,507 sq ft

The Property

Excellent investment opportunity in the heart of Federal Hill’s iconic DePasquale Plaza with excellent rental history. First floor tenant is in year 4 of a five year lease with rental renewal options. The restaurant offers access to an outdoor dining area, where the ambiance of DePasquale Plaza is unmatched, especially in the summer months. The second-floor apartment features an updated eat-in kitchen with stainless steel appliances, a renovated bathroom, in unit laundry, living room, and two generously sized bedrooms.

The third-floor apartment offers two-story loft living. The main level includes an updated kitchen and bathroom with laundry, open living area, and one bedroom. The second-level loft serves as a spacious primary bedroom. The young roof and all major mechanical system updated within the past few years make this a turn-key mixed-use investment in one of Providence’s most vibrant and high-demand locations.

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Listing Details

MLS Number

1402856

Lot Size:

0.03 acres

Features

  • Basement: Full, Bulkhead, Unfinished
  • Bus
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Railroad
  • Shopping
  • Heating: Natural Gas, Baseboard, Forced Air
  • Heating Fuel: Natural Gas, Baseboard, Forced Air
  • Laundry
  • Year Built: 1900

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Market Trends for Single Family Homes
in Providence

  • Overview
    Homes for Sale Today250-92.6% decrease in inventory
    New on Market *105-12.5% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$307.47$5 increase in List Price/Sq.Ft.
    Avg. Sale Price *$626,122$17,217 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *98.52%-89.3% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$315.17$12 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *726 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 Churchill & Banks Co., Llc

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