NOT LISTED FOR SALE

Estimated Value: $857,000 - $1,022,000

5 Beds
3 Baths
3,016 Sq Ft
$303/Sq Ft Est. Value

Sale Details

Date Sold: April 9, 2025

Last sale price $900,000 $298 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,614 / mo

16 Days on Market

Highlights

  • Wood Flooring
  • Tennis Courts
  • Bathtub with Shower
  • Attic
  • Porch
  • Laundry Room

About This Home

As of April 2025

Fantastic three-family investment opportunity in Providence's East Side, steps from Hope Street, Brown University, RISD, and the Observatory. This fire-code-compliant, well-maintained property offers zero vacancy history and strong rental potential with below-market rents an opportunity for immediate upside. Two spacious 2-bedroom, 1-bath units featuring double parlors, decorative fireplaces, and plenty of living space. Top-floor 1-bedroom unit is light-filled and expansive, offering a unique and desirable layout. Low-maintenance vinyl siding, coin-op laundry in basement, and recently serviced boilers. Walk-out basement, dry year-round, just cleaned out and ready for new possibilities. Large backyard with potential for additional parking or a shared patio. With tenants on month-to-month leases, this is a prime opportunity to increase rental income in a highly sought-after location. Turnkey investment with room for value-add improvements.

Last Agent to Sell the Property

Scott Champagne

Compass License #REB.0018893 Listed on: 03/04/2025

Compass

Last Buyer's Agent

Laura Lee

Residential Properties Ltd. License #RES.0045383

Residential Properties Ltd.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,016

Year Built

  • Built in 1902

Lot Details

  • 4,792

Home Design

  • Vinyl Siding

Interior Spaces

  • 3,016 Sq Ft Home
  • 3-Story Property
  • Laundry Room
  • Attic

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • No Cooling
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • Porch
  • 4,792 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 413
  • Assessor Parcel Number 1416PHILLIPSSTPROV

Community Details

Overview

  • 3 Units
  • East Side Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Tennis Courts
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,016

Year Built

Built in 1902

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Inclusions: Just hardwired for smoke certificate compliance, new house meter installed. New main stack just replaced to pvc. Front and back hall patched, painted, repaired. Basement cleaned out. Boilers serviced.
  • Subdivision Name: East Side
  • Above Grade Finished Sq Ft: 3016.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1902
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Laminate
  • Interior Amenities: Attic, Tub Shower
  • Dining Room Type: Laundry
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Porch, Paved Driveway
  • Foundation Details: See Remarks
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4792.0
  • Parcel #: 1416PHILLIPSSTPROV
  • Zoning: R2
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 12016.0
  • Tax Lot: 413
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2025
Closed on
Mar 26, 2025
Sold by
Schwartz Mark J
Bought by
Schorsch Ismar and Schorsch Sally
Seller's Agent
Scott Champagne
Compass
Buyer's Agent
Laura Lee
Residential Properties Ltd.
List Price
$899,000
Sold Price
$900,000
Premium/Discount to List
$1,000
0.11%
Views
20
Current Estimated Value
$930,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,076
Avg. Annual Appreciation
1.41%

Purchase Details

Closed on
Jul 1, 2005
Sold by
Cavanaugh Brian
Bought by
Schwartc Mark J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,900
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Schorsch Ismar $900,000 None Available
Schorsch Ismar $900,000 None Available
Schorsch Ismar $900,000 None Available
Schwartc Mark J $470,000 --
Schwartc Mark J $470,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner Schwartc Mark J $342,000
Previous Owner Schwartc Mark J $375,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2025 04/09/25 Sold $900,000 +0.1% $298 / Sq Ft
03/20/2025 03/20/25 Pending -- -- --
03/04/2025 03/04/25 For Sale $899,000 -- $298 / Sq Ft
Source: State-Wide MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,839 $905,800 $404,000 $501,800
2024 $12,016 $654,800 $311,100 $343,700
2023 $12,016 $654,800 $311,100 $343,700
2022 $11,655 $654,800 $311,100 $343,700
2021 $11,018 $448,600 $203,700 $244,900
2020 $11,018 $448,600 $203,700 $244,900
2019 $11,018 $448,600 $203,700 $244,900
2018 $11,464 $358,700 $202,600 $156,100
2017 $11,464 $358,700 $202,600 $156,100
2016 $11,464 $358,700 $202,600 $156,100
2015 $10,347 $312,600 $188,100 $124,500
2014 $10,550 $312,600 $188,100 $124,500
2013 $10,550 $312,600 $188,100 $124,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1379004

State-Wide MLS

APN: PROV-060413-000000-000000

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