Deb Schusterman
Brizo Real Estate Services
(401) 681-3264
33 Total Sales
1 in Silver Lake
$340,000 Price
31 Bancroft St Providence, RI 02909
Silver Lake Neighborhood
6
Beds
3
Baths
2,998
Sq Ft
7,401
Sq Ft Lot
Highlights
- Golf Course Community
- Deck
- Corner Lot
- Classical High School Rated A
- Wood Flooring
- Recreation Facilities
About This Home
As of September 2025Well-maintained 3-family home featuring 6 beds & 3 baths with major updates throughout. Roof replaced in 2020. Apartment 31 (top floor) was completely renovated down to the studs in 2021 new electrical, plumbing, insulation, flooring, fixtures & appliances. Apartment 31 (bottom floor) fully gutted and renovated in 2022 with the same level of upgrades. Apartment 33 includes a fully remodeled bathroom and updated electrical. Basement professionally repointed in 2021, ensuring a solid foundation. One boiler replaced in 2024; the other is approx. 8 years old. Two electrical panels: Unit 33 is separately metered and pays its own electric. Units 31 top & bottom include heat, hot water & electricity in rent. Entire property is hardwired for smoke & carbon monoxide detection. Strong rental potential with minimal future maintenance. Airbnb shows average nightly rates of approx. $100 for a 1-bed unit and $186 for a 4-bed, adding short-term rental potential. Perfect for investors or owner-occupants looking for turnkey income. Convenient location near amenities, public transit & highways. A rare opportunity to own a fully updated, structurally sound 3-family with long-term value and multiple income strategies.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,116
Year Built
- Built in 1920
Lot Details
- 7,401 Sq Ft Lot
- Corner Lot
Home Design
- Stone Foundation
- Vinyl Siding
- Plaster
Interior Spaces
- 2,998 Sq Ft Home
- 2-Story Property
- Storage Room
- Utility Room
Kitchen
- Oven
- Range
Flooring
- Wood
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 4 Parking Spaces
- No Garage
- Driveway
Utilities
- Ductless Heating Or Cooling System
- Zoned Heating
- Heating System Uses Gas
- Baseboard Heating
- Heating System Uses Steam
- 100 Amp Service
- Gas Water Heater
Additional Features
- Deck
- Property near a hospital
Listing and Financial Details
- Tenant pays for hot water
- The owner pays for hot water
- Tax Lot 427
- Assessor Parcel Number 3133BANCROFTSTPROV
Community Details
Overview
- 3 Units
- Silver Lake Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Golf Course Community
- Recreation Facilities
Building Details
- Operating Expense $10,164
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Silver Lake, RI
-
Deb Schusterman
-
Samuel Alba
Samuel Alba
Responds QuicklyInnovations Realty
(401) 406-4077
511 Total Sales
14 in Silver Lake
$265K - $687K Price Range
-
Michael Koster
Michael Koster
INNOVATE Real Estate
(401) 661-1242
10 Total Sales
1 in Silver Lake
$655,000 Price
-
Louis Barrows
Louis Barrows
Keller Williams Leading Edge
(401) 208-2129
231 Total Sales
1 in Silver Lake
$405,000 Price
-
Herson Martinez
Herson Martinez
RISE REC
(401) 414-4072
104 Total Sales
2 in Silver Lake
$362K - $650K Price Range
-
Lisa Duffy
Lisa Duffy
Residential Properties Ltd.
(774) 500-3819
84 Total Sales
1 in Silver Lake
$360,000 Price
Property 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 | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/15/2025 09/15/25 | Sold | $535,000 | +1.9% | $178 / Sq Ft | |
| 08/08/2025 08/08/25 | Pending | -- | -- | -- | |
| 07/17/2025 07/17/25 | For Sale | $525,000 | 0.0% | $175 / Sq Ft | |
| 08/31/2023 08/31/23 | Rented | $1,900 | 0.0% | -- | |
| 08/15/2023 08/15/23 | For Rent | $1,900 | 0.0% | -- | |
| 08/09/2023 08/09/23 | Under Contract | -- | -- | -- | |
| 08/04/2023 08/04/23 | Price Changed | $1,900 | -5.0% | $1 / Sq Ft | |
| 07/12/2023 07/12/23 | For Rent | $2,000 | 0.0% | -- | |
| 09/25/2020 09/25/20 | Sold | $265,000 | +2.0% | $57 / Sq Ft | View Prior Sale |
| 08/26/2020 08/26/20 | Pending | -- | -- | -- | |
| 06/08/2020 06/08/20 | For Sale | $259,900 | -- | $56 / Sq Ft |
Source: State-Wide MLS
Tax 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.
| 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 | $726 | $11,280 | $1,600 | $9,680 |
| 2024 | $726 | $10,580 | $1,600 | $8,980 |
| 2023 | $616 | $9,700 | $1,600 | $8,100 |
| 2022 | $601 | $9,460 | $1,600 | $7,860 |
| 2021 | $601 | $9,460 | $1,600 | $7,860 |
| 2020 | $601 | $9,460 | $1,600 | $7,860 |
| 2019 | $631 | $9,940 | $1,600 | $8,340 |
| 2018 | $676 | $10,640 | $0 | $0 |
| 2017 | $676 | $10,640 | $0 | $0 |
| 2016 | $687 | $10,820 | $0 | $0 |
| 2013 | -- | $9,620 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jay Rezendes
Seller's Agent in 2025
Jay Rezendes
RE/MAX ONE
(401) 639-3914
1 in this area
112 Total Sales
-
Anthony Mattera
Buyer's Agent in 2025
Anthony Mattera
Hope Real Estate
(401) 787-8636
4 in this area
108 Total Sales
-
LE
Seller's Agent in 2020
Lailanie Emocling
Premier Properties RI
-
Randy Estrella
Buyer's Agent in 2020
Randy Estrella
Venture
(508) 558-9084
24 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1390253
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