87 Oakland Ave Providence, RI 02908
Smith Hill Neighborhood
6
Beds
3
Baths
3,350
Sq Ft
4,000
Sq Ft Lot
Highlights
- Marble Flooring
- Workshop
- Porch
- Recreation Facilities
- Thermal Windows
- Bathtub with Shower
About This Home
As of April 2019Look at this amazing opportunity to own a turn-key college rental property in one of the most undervalued and desirable rental neighborhoods in Providence. All three floors have been meticulously remodeled with an attention to quality and detail. First floor features two bedrooms and one bathroom. The second floor is a townhouse with four bedrooms and two baths. Spacious dine-in kitchens feature NEW recessed lighting, retro tin back-splash, quartz counter tops, stainless steel appliances, and premium vinyl plank flooring. Main baths feature NEW marble tile floors, designer vanities, and tiled showers. Beautifully refinished original hardwoods through the remainder of the first and second floors. Property boasts a vinyl replacement windows, vinyl siding, plumbing updates, modern mechanicals, and a NEWLY installed roof. Off street parking for at least 6 vehicles further ensures that this a sound investment. Within walking distance to Providence College, shopping, buses, and restaurants; this property has the potential for solid income generation and a strong cap rate!
Last Agent to Sell the Property
HomeSmart Professionals License #RES.0040351 Listed on: 01/28/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,611
Year Built
- Built in 1920
Home Design
- Brick Foundation
- Stone Foundation
- Vinyl Siding
- Plaster
Interior Spaces
- 3,350 Sq Ft Home
- 3-Story Property
- Thermal Windows
- Workshop
- Storage Room
- Utility Room
Kitchen
- Oven
- Range with Range Hood
- Microwave
Flooring
- Wood
- Marble
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 6 Parking Spaces
- No Garage
Utilities
- No Cooling
- Heating System Uses Gas
- Radiant Heating System
- Baseboard Heating
- Heating System Uses Steam
- 100 Amp Service
- Gas Water Heater
- Cable TV Available
Additional Features
- Energy-Efficient Appliances
- Porch
- 4,000 Sq Ft Lot
- Property near a hospital
Listing and Financial Details
- Tenant pays for hot water
- Tax Lot 4
- Assessor Parcel Number 87OAKLANDAVPROV
Community Details
Overview
- 4 Units
Amenities
- Shops
- Public Transportation
Recreation
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 28, 2019
Closed on
Apr 29, 2019
Sold by
Gleason Patrick J
Bought by
Schiavone Frank
Seller's Agent
Jonathan Annear
HomeSmart Professionals
Buyer's Agent
Frank Schiavone
Greystone Realty
List Price
$259,900
Sold Price
$268,000
Premium/Discount to List
$8,100
3.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.67%
Original Mortgage
$263,145
Interest Rate
4.3%
Mortgage Type
FHA
Purchase Details
Listed on
Mar 29, 2018
Closed on
Jul 11, 2018
Sold by
Storer Christopher M and Storer Kristen L
Bought by
Geason Patrick J
Seller's Agent
Jeremie Blum
William Raveis Inspire
Buyer's Agent
Jonathan Annear
HomeSmart Professionals
List Price
$209,900
Sold Price
$170,000
Premium/Discount to List
-$39,900
-19.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
76.65%
Original Mortgage
$136,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 18, 2009
Sold by
Mccj4 Llc
Bought by
Storer Christopher M and Storer Kristen L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,600
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Providence, RI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $268,000 | -- | |
| Warranty Deed | $170,000 | -- | |
| Deed | $131,500 | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,000,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $64,771 | FHA | |
| Closed | $263,145 | FHA | |
| Previous Owner | $136,000 | New Conventional | |
| Previous Owner | $98,600 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2025 07/23/25 | Pending | -- | -- | -- |
| 07/15/2025 07/15/25 | For Sale | $549,999 | +105.2% | $164 / Sq Ft |
| 04/29/2019 04/29/19 | Sold | $268,000 | +3.1% | $80 / Sq Ft |
| 03/30/2019 03/30/19 | Pending | -- | -- | -- |
| 01/28/2019 01/28/19 | For Sale | $259,900 | +52.9% | $78 / Sq Ft |
| 07/10/2018 07/10/18 | Sold | $170,000 | -19.0% | $51 / Sq Ft |
| 06/10/2018 06/10/18 | Pending | -- | -- | -- |
| 03/29/2018 03/29/18 | For Sale | $209,900 | -- | $63 / 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 |
|---|---|---|---|---|
| 2024 | $4,789 | $261,000 | $68,000 | $193,000 |
| 2023 | $4,789 | $261,000 | $68,000 | $193,000 |
| 2022 | $4,646 | $261,000 | $68,000 | $193,000 |
| 2021 | $3,728 | $151,800 | $33,600 | $118,200 |
| 2020 | $3,728 | $151,800 | $33,600 | $118,200 |
| 2019 | $3,728 | $151,800 | $33,600 | $118,200 |
| 2018 | $3,611 | $113,000 | $36,000 | $77,000 |
| 2017 | $3,611 | $113,000 | $36,000 | $77,000 |
| 2016 | $3,611 | $113,000 | $36,000 | $77,000 |
| 2015 | $3,664 | $110,700 | $47,100 | $63,600 |
| 2014 | $3,736 | $110,700 | $47,100 | $63,600 |
| 2013 | $3,635 | $107,700 | $47,100 | $60,600 |
Source: Public Records
Agents Affiliated with this Home
-
F
Seller's Agent in 2025
Frank Schiavone
Greystone Realty
-
S
Buyer's Agent in 2025
Samuel A. Albert
Innovations Realty
-
J
Seller's Agent in 2019
Jonathan Annear
HomeSmart Professionals
-
J
Seller's Agent in 2018
Jeremie Blum
William Raveis Inspire
Map
Source: State-Wide MLS
MLS Number: 1213835
APN: PROV-690004-000000-000000
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