61 Douglas Avenue Providence

$550,000
5 3 3,552 sq ft

The Property

Fully leased and income-producing 3-family in Providence offering immediate cash flow for investors or an excellent future owner-occupant opportunity. All three units are currently rented, generating strong rental income from day one. The property features spacious layouts, abundant natural light, a full unfinished basement with washer and dryer providing excellent storage, and separately functioning residential units. Conveniently located along Douglas Avenue with quick access to Downtown Providence, Providence College, Rhode Island College, Route 146, I-95, I-295, shopping, restaurants, and public transportation.

Whether you’re looking to expand your investment portfolio or live in one unit while generating rental income from the others, this is a strong opportunity in a high-demand rental market. Will come with first floor vacant for owner occupied.

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Listing Details

MLS Number

1421978

Lot Size:

0.07 acres

Features

  • Basement: Full, Interior Only, Unfinished
  • Heating: Natural Gas, Steam
  • Heating Fuel: Natural Gas, Steam
  • Year Built: 1930

Market Trends for Single Family Homes
in Providence

  • Overview
    Homes for Sale Today414-90.4% decrease in inventory
    New on Market *2136% increase in new listings
    Avg. Asking Price/Sq.Ft. *$342.36$2 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$681,825$37,551 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *99.52%-1.2% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$334.12$9 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *687 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 Century 21 Limitless
Phone: 508-567-3468

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