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664 Plainfield Street Providence

$1,100,000
6 4 12,504 sq ft

The Property

Incredibly rare investment opportunity in Providence, a unique dual-building parcel. Nestled in the heart of Providence, this exceptional property presents a rare chance for discerning investors. Boasting two distinct buildings on a single lot, this offering combines immediate income potential with future growth prospects. The first building is completely occupied, housing 2 commercial units and 3 residential dwellings.

Meanwhile, the second building is currently in the construction stage, about 70% completed and will also have 2 commercial units with 4 residential dwellings. With a total of eleven units spread across both buildings, the potential for substantial profitability is undeniable. The completed, corner building includes 3 three-bedroom units that are updated and properly maintained with 2 storefront units currently operating. Unfinished building pro forma rent is $9,000. NOI is $160,000. Seize this opportunity to diversity your portfolio and capitalize on Providence’s real estate market.

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Listing Details

MLS Number

1353690

Lot Size:

0.12 acres

Features

  • Basement: Full
  • Vinyl Siding
  • Heating: Baseboard
  • Heating Fuel: Gas
  • Type: Apartment
  • Year Built: 1909

Market Trends for Multi Family Homes
in Providence

  • Overview
    Homes for Sale Today65-97% decrease in inventory
    New on Market *6312.5% increase in new listings
    Avg. Asking Price/Sq.Ft. *$223.84$12 increase in List Price/Sq.Ft.
    Avg. Sale Price *$545,442$2,163 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *101.38%-2% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$188.80$4 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *7515 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 The Seyboth Team

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