$650,000
SOLD JUN 17, 2025
5 Beds
2 Baths
5,188 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$125 Per Sq Ft

9% Above List Price

6 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Laundry Room
  • Tennis Courts
  • Bathtub with Shower
  • 3-minute walk to Fay Memorial Field

About This Home

As of June 2025

Incredible opportunity in the highly sought-after Edgewood neighborhood of Cranston! This spacious and versatile 2-family home with a third-floor in-law setup is ideal for both owner-occupants and savvy investors. The first and second floors each offer large 3-bedroom apartments with in-unit laundry and generous layouts. The third floor features a studio-style unit with a full kitchen, bath, and its own laundry perfect for extended family, guests, or added income. Separate utilities, off-street parking, a 2-car garage, and a private yard add to the appeal. The property is in excellent, turn-key condition with a 4-year-old roof, updated systems, and well-maintained interiors. Located just minutes from Johnson & Wales Harborside campus, hospitals, downtown Providence, and major highways, this home offers convenience, comfort, and excellent rental income potential. Whether you're looking to live in one unit or expand your portfolio, 61-63 Park Ave is a must-see!

Last Agent to Sell the Property

The DiSpirito Team

Engel & Volkers Listed on: 04/09/2025

Engel & Volkers

Last Buyer's Agent

Indira Ruiz

D'Empire Real Estate LLC License #RES.0040680

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,265

Year Built

  • Built in 1925

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 5,188 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Utility Room

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

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

Utilities

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

Additional Features

  • 5,663 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 3450
  • Assessor Parcel Number 63PARKAVCRAN

Community Details

Overview

  • 3 Buildings
  • 2 Units
  • Edgewood Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Tennis Courts
  • Recreation Facilities

Building Details

  • Operating Expense $5,043

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,265

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Subdivision Name: Edgewood
  • Above Grade Finished Sq Ft: 5188.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1925
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 3
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Bathtub, Tub Shower
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 3

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Common Area, In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • 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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5663.0
  • Parcel #: 63PARKAVCRAN
  • Zoning: A6

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 5043.0

Tax Info

  • Tax Annual Amount: 6265.0
  • Tax Lot: 3450
  • Tax Map Number: 2
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2025
Closed on
Jun 17, 2025
Sold by
Robert J Pavia Jr Relt J and Robert Pavia
Bought by
Cabral Vargas Diogenes R and Decabral Yesenia G
Seller's Agent
The DiSpirito Team
Engel & Volkers
Buyer's Agent
Indira Ruiz
D'Empire Real Estate LLC
List Price
$595,000
Sold Price
$650,000
Premium/Discount to List
$55,000
9.24%
Views
41

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.39%
Original Mortgage
$611,000
Outstanding Balance
$610,475
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$31,040

Purchase Details

Closed on
Dec 23, 1993
Sold by
Vidos Ray J and Vidos Katherine
Bought by
Pavia Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,000
Interest Rate
7%
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $650,000 None Available
Deed $650,000 None Available
Warranty Deed $119,000 --
Warranty Deed $119,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $611,000 Purchase Money Mortgage
Closed $611,000 Purchase Money Mortgage
Previous Owner $17,000 No Value Available
Previous Owner $113,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2025 06/17/25 Sold $650,000 +9.2% $125 / Sq Ft
04/15/2025 04/15/25 Pending -- -- --
04/09/2025 04/09/25 For Sale $595,000 -- $115 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

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
2024 $6,265 $460,300 $108,500 $351,800
2023 $5,895 $311,900 $71,500 $240,400
2022 $5,773 $311,900 $71,500 $240,400
2021 $5,614 $311,900 $71,500 $240,400
2020 $5,413 $260,600 $68,100 $192,500
2019 $5,413 $260,600 $68,100 $192,500
2018 $5,288 $260,600 $68,100 $192,500
2017 $4,758 $207,400 $61,200 $146,200
2016 $4,656 $207,400 $61,200 $146,200
2015 $4,656 $207,400 $61,200 $146,200
2014 $4,461 $195,300 $61,200 $134,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1382003

State-Wide MLS

APN: CRAN-000002-000005-003450