NOT LISTED FOR SALE

Estimated Value: $511,353 - $575,000

7 Beds
3 Baths
3,096 Sq Ft
$172/Sq Ft Est. Value

Last Sold October 15, 2024

Last sale price $489,900 $158 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,595/month

2 Days on Market

Highlights

  • Recreation Facilities
  • Public Transportation
  • Central Heating
  • Window Unit Cooling System
  • Shops
  • 4-minute walk to Davis Park

About This Home

As of October 2024

Presenting an exceptional investment opportunity at 586 Smith Street, Providence, RI 02908. This well-maintained two-family property features a desirable townhouse-style apartment on the second floor, making it an attractive option for renters seeking space and comfort. The apartment boasts modern amenities with inviting vinyl flooring that adds durability and style throughout. The kitchen is designed for both functionality and elegance, featuring sleek granite countertops and newer cabinets that cater to contemporary tastes and lifestyle needs. Adding to the property's charm is a fenced-in back lot, providing privacy and outdoor space that tenants will appreciate for relaxation or recreational activities, as well as off street parking. With easy access to the highway and a prime location conveniently near downtown Providence, this property is ideally situated for tenants needing to commute or enjoy urban amenities. Additionally, it comes with a proven rental history, showcasing its capacity to generate steady income for potential buyers. Don't miss out on this opportunity to invest in a property that combines modern living with a strategic location and a strong rental performance. Secure your future by adding 586 Smith Street to your real estate portfolio today!

Last Agent to Sell the Property

Owen West

Oakmont Realty Group License #RES.0048129 Listed on: 10/01/2024

Last Buyer's Agent

The Q Group

Churchill & Banks Co., LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,182

Year Built

  • Built in 1920

Lot Details

  • 2,400 Sq Ft Lot

Home Design

  • Wood Siding
  • Shingle Siding
  • Plaster

Interior Spaces

  • 3,096 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 179
  • Assessor Parcel Number 586SMITHSTPROV

Community Details

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Recreation Facilities

Additional Features

  • 2 Units
  • Operating Expense $10,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,182

Year Built

Built in 1920

Lot Details

2,400 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0551
  • Above Grade Finished Sq Ft: 3096.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Plaster, Wood Siding, Shingle Siding

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Central, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Highway Access, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2400.0
  • Parcel #: 586SMITHSTPROV
  • Zoning: R-4
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 10000.0

Tax Info

  • Tax Annual Amount: 5182.0
  • Tax Lot: 179
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2025
Sold by
Marizlli Brian R
Bought by
Marzilli Amie
Current Estimated Value
$586,606

Purchase Details

Listed on
Oct 1, 2024
Closed on
Oct 15, 2024
Sold by
A & W Proeprty Group Llc
Bought by
Marzilli Brian R
Seller's Agent
Owen West
Oakmont Realty Group
Buyer's Agent
The Q Group
Churchill & Banks Co., LLC
List Price
$489,900
Sold Price
$489,900
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.03%
Original Mortgage
$465,000
Interest Rate
6.35%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 24, 2022
Closed on
Sep 12, 2022
Sold by
Almonte Wanda A and Almonte Mercedes Hanser
Bought by
A & W Property Group Llc
Seller's Agent
Braulio Diaz
The Network
Buyer's Agent
Joseph Amen
Oakmont Realty Group
List Price
$349,900
Sold Price
$330,000
Premium/Discount to List
-$19,900
-5.69%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.92%

Purchase Details

Listed on
May 7, 2018
Closed on
Oct 3, 2018
Sold by
Zelano Anthony
Bought by
Mercedes Hanser A and Almonta Wanda A
Seller's Agent
Premier Group
eXp Realty LLC
Buyer's Agent
Marie Puleo Flaherty
RE/MAX ONE
List Price
$189,900
Sold Price
$189,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.02%
Original Mortgage
$185,593
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 16, 2014
Sold by
Leslie C Hand Ira and Equity T Co
Bought by
Zelano Anthony

Purchase Details

Closed on
Dec 31, 2009
Sold by
Cipolla Robert
Bought by
Equity Trust Co

Purchase Details

Closed on
Dec 30, 2009
Sold by
Braet Malinda
Bought by
Cipolla Robert

Purchase Details

Closed on
Aug 1, 2005
Sold by
Peabody Phillip and Peabody Kathleen L
Bought by
Braet Malinda

Purchase Details

Closed on
Feb 28, 1995
Sold by
Blais Gilbert Ej
Bought by
Kibour Diana Ss and Kibour Benjam
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

Date Buyer Sale Price Title Company
Marzilli Amie -- None Available
Marzilli Amie -- None Available
Marzilli Amie -- None Available
Marzilli Brian R $489,900 None Available
Marzilli Brian R $489,900 None Available
Marzilli Brian R $489,900 None Available
Marzilli Brian R $489,900 None Available
A & W Property Group Llc $330,000 None Available
A & W Property Group Llc $330,000 None Available
A & W Property Group Llc $330,000 None Available
A & W Property Group Llc $330,000 None Available
Mercedes Hanser A $189,900 --
Mercedes Hanser A $189,900 --
Mercedes Hanser A $189,900 --
Zelano Anthony $145,000 --
Zelano Anthony $145,000 --
Equity Trust Co $66,500 --
Equity Trust Co $66,500 --
Cipolla Robert $50,000 --
Cipolla Robert $50,000 --
Braet Malinda $19,500 --
Braet Malinda $19,500 --
Kibour Diana Ss $34,500 --
Kibour Diana Ss $34,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marzilli Brian R $465,000
Previous Owner Mercedes Hanser A $185,593
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2024 10/15/24 Sold $489,900 0.0% $158 / Sq Ft
10/03/2024 10/03/24 Pending -- -- --
10/01/2024 10/01/24 For Sale $489,900 +48.5% $158 / Sq Ft
09/15/2022 09/15/22 Sold $330,000 -2.9% $132 / Sq Ft View Prior Sale
08/03/2022 08/03/22 Pending -- -- --
07/20/2022 07/20/22 Price Changed $339,900 -1.4% $136 / Sq Ft
07/07/2022 07/07/22 Price Changed $344,900 -1.4% $138 / Sq Ft
06/24/2022 06/24/22 For Sale $349,900 +84.3% $140 / Sq Ft
10/03/2018 10/03/18 Sold $189,900 0.0% $62 / Sq Ft View Prior Sale
09/03/2018 09/03/18 Pending -- -- --
05/07/2018 05/07/18 For Sale $189,900 -- $62 / 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 $6,511 $465,100 $203,300 $261,800
2024 $5,342 $291,100 $101,700 $189,400
2023 $5,342 $291,100 $101,700 $189,400
2022 $5,182 $291,100 $101,700 $189,400
2021 $4,529 $184,400 $65,500 $118,900
2020 $4,529 $184,400 $65,500 $118,900
2019 $4,529 $184,400 $65,500 $118,900
2018 $4,733 $148,100 $54,100 $94,000
2017 $4,733 $148,100 $54,100 $94,000
2016 $4,733 $148,100 $54,100 $94,000
2015 $6,322 $191,000 $44,800 $146,200
2014 $6,446 $191,000 $44,800 $146,200
2013 $6,446 $191,000 $44,800 $146,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1369985

State-Wide MLS

APN: PROV-820179-000000-000000

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