$599,900

53 Fairmount Ave Providence, RI 02908

Mount Pleasant Neighborhood

Estimated payment $3,841/month

Total Views 8,275
8 Beds
4 Baths
2,340 Sq Ft
$256 Price per Sq Ft

Highlights

  • Golf Course Community
  • Bathtub with Shower
  • Public Transportation
  • Tennis Courts
  • Storage Room
  • Shops

About This Home

This well-maintained 4-unit multifamily offers a fantastic mix of layouts, featuring two 1-bedroom apartments and two 3-bedroom apartments. Each unit is generously sized, providing comfortable living space for tenants. The property is set on a good-sized lot with plenty of off-street parking to accomodate residents and guests with ease. Ideal for both investors seeking strong rental income and owner-occupants looking to offset living costs, this property blends functionality, convenience, and long-term value.
Subject to 1031 exchange.

Listing Agent

Kerri Gemma

RE/MAX Properties License #RES.0024961 Listed on: 10/16/2025

RE/MAX Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,478

Year Built

  • Built in 1920

Lot Details

  • 3,049 Sq Ft Lot
  • Paved or Partially Paved Lot

Home Design

  • Aluminum Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 2,340 Sq Ft Home
  • 3-Story Property
  • Storage Room

Flooring

  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

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

Parking

  • 6 Parking Spaces
  • No Garage
  • Driveway

Location

  • Property near a hospital

Utilities

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

Listing and Financial Details

  • Tax Lot 400
  • Assessor Parcel Number 5355FAIRMOUNTAVPROV

Community Details

Overview

  • 4 Units
  • Mt Pleasant Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,478

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Subdivision Name: Mt Pleasant
  • Above Grade Finished Sq Ft: 2340.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Refrigerator
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl
  • Interior Amenities: Tub Shower
  • Dining Room Type: Storage Room
  • Stories: 3

Exterior Features

  • Lot Features: Paved
  • Construction Type: Plaster, Aluminum Siding, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3049.0
  • Parcel #: 5355FAIRMOUNTAVPROV

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 8478.0
  • Tax Lot: 400
  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $6,468 $462,000 $110,700 $351,300
2024 $5,599 $305,100 $67,200 $237,900
2023 $5,599 $305,100 $67,200 $237,900
2022 $5,431 $305,100 $67,200 $237,900
2021 $4,661 $189,800 $45,100 $144,700
2020 $4,661 $189,800 $45,100 $144,700
2019 $4,661 $189,800 $45,100 $144,700
2018 $5,011 $156,800 $35,600 $121,200
2017 $5,011 $156,800 $35,600 $121,200
2016 $5,011 $156,800 $35,600 $121,200
2015 $3,701 $111,800 $30,100 $81,700
2014 $3,773 $111,800 $30,100 $81,700
2013 $3,773 $111,800 $30,100 $81,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2025 10/16/25 For Sale $599,900 +34.8% $256 / Sq Ft
05/09/2022 05/09/22 Sold $445,000 +3.5% $100 / Sq Ft View Prior Sale
04/12/2022 04/12/22 Pending -- -- --
04/06/2022 04/06/22 For Sale $429,900 -- $96 / Sq Ft
Source: State-Wide MLS

Source: State-Wide MLS

MLS Number: 1397895

State-Wide MLS

APN: PROV P:0640400 L:0000

Rhode Island Providence County Providence 02908 Mount Pleasant

53 Fairmount Ave, Providence, RI

For Sale

MultiFamily

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