Seller's Agent in 2025
Stephen Gaskin
Residential Properties Ltd.
(508) 991-0151
5 in this area
77 Total Sales
40 Cypress St Providence, RI 02906
Mount Hope Neighborhood
9
Beds
3
Baths
5,104
Sq Ft
6,534
Sq Ft Lot
Highlights
- Wood Flooring
- Tennis Courts
- Bathtub with Shower
- 2 Fireplaces
- Ductless Heating Or Cooling System
- 2-minute walk to Billy Taylor Park
About This Home
As of June 2025Welcome to this oversized and well-maintained 3-family home located in the heart of Providence's desirable Mount Hope neighborhood. Lovingly cared for and owner-occupied for the last 20 years, each unit offers 3 large bedrooms, 1 full bath, original hardwood flooring, expansive ceiling heights, and charming ornate decorative fireplaces. Units 1 and 3 are equipped with central air, while Unit 2 features a mini-split system. All kitchens have been recently updated with granite countertops, and contain dishwashers, gas stoves, and modern finishes. The property offers a mix of replacement windows, including Renewal by Andersen, and updated mechanicals throughout. Each unit also enjoys its own private deck. The first floor has its own dedicated in-unit washer and dryer, while the basement offers coin-operated laundry for Units 2 and 3. A large off-street parking lot accommodates 6-7 vehicles, a true amenity in the city. Ample storage in the basement for all units. Conveniently located near Hope Village, Whole Foods, and the train station - ideal for commuters, multi-generational households, Airbnb, or savvy investors seeking strong cash flow in a prime location. 40-42 Cypress awaits its next caretaker...
Last Agent to Sell the Property
Residential Properties Ltd. License #RES.0048283 Listed on: 04/22/2025
Last Buyer's Agent
Residential Properties Ltd. License #RES.0048283 Listed on: 04/22/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,353
Year Built
- Built in 1900
Home Design
- Fixer Upper
- Stone Foundation
- Wood Siding
- Plaster
Interior Spaces
- 5,104 Sq Ft Home
- 3-Story Property
- 2 Fireplaces
- Self Contained Fireplace Unit Or Insert
- Gas Fireplace
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 7 Parking Spaces
- No Garage
- Driveway
Utilities
- Ductless Heating Or Cooling System
- Central Air
- Heating System Uses Gas
- Baseboard Heating
- 100 Amp Service
- Gas Water Heater
Additional Features
- 6,534 Sq Ft Lot
- Property near a hospital
Listing and Financial Details
- Tenant pays for hot water
- Tax Lot 405
- Assessor Parcel Number 4042CYPRESSSTPROV
Community Details
Overview
- 3 Units
- Mount Hope Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 22, 2025
Closed on
Jun 26, 2025
Sold by
Durate Cheryl J
Bought by
Herlihy Gina R
Seller's Agent
Stephen Gaskin
Residential Properties Ltd.
Buyer's Agent
Stephen Gaskin
Residential Properties Ltd.
List Price
$799,900
Sold Price
$815,000
Premium/Discount to List
$15,100
1.89%
Views
16
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,412
Avg. Annual Appreciation
5.04%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $815,000 | None Available | |
| Warranty Deed | $815,000 | None Available | |
| Warranty Deed | $815,000 | None Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Sold | $815,000 | +1.9% | $160 / Sq Ft |
| 05/02/2025 05/02/25 | Pending | -- | -- | -- |
| 04/22/2025 04/22/25 | For Sale | $799,900 | -- | $157 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $6,547 | $867,200 | $288,700 | $578,500 |
| 2024 | $11,353 | $618,700 | $218,600 | $400,100 |
| 2023 | $11,353 | $618,700 | $218,600 | $400,100 |
| 2022 | $11,013 | $618,700 | $218,600 | $400,100 |
| 2021 | $9,650 | $392,900 | $103,700 | $289,200 |
| 2020 | $9,650 | $392,900 | $103,700 | $289,200 |
| 2019 | $9,650 | $392,900 | $103,700 | $289,200 |
| 2018 | $7,817 | $244,600 | $91,300 | $153,300 |
| 2017 | $7,817 | $244,600 | $91,300 | $153,300 |
| 2016 | $7,817 | $244,600 | $91,300 | $153,300 |
| 2015 | $7,279 | $219,900 | $100,400 | $119,500 |
| 2014 | $7,422 | $219,900 | $100,400 | $119,500 |
| 2013 | $7,422 | $219,900 | $100,400 | $119,500 |
Source: Public Records
Agents Affiliated with this Home
-
Stephen Gaskin
Map
Source: State-Wide MLS
MLS Number: 1382391
APN: PROV-050405-000000-000000
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