31 Bancroft ST, Providence, RI 02909 – 1390253

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Kathleen Sposato

soldwithsposato@gmail.com +1(508) 523-8632

$525,000

Est. payment - /mo

6 Beds

3 Baths

2,998 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,998 sqft

Price per Sqft $175

Subdivision Silver Lake

MLS Listing ID 1390253

Bedrooms 6

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 2,998

Year Built 1920

Annual Tax Amount $6,116

Tax Year 2024

Lot Size 7,400 Sqft

Acres 0.1699

Property Sub-Type Multi Family

Property Description

Well-maintained 3-family home featuring 6 beds & 3 baths with major updates throughout. Roof replaced in 2020. Apartment 31 (top floor) was completely renovated down to the studs in 2021 new electrical, plumbing, insulation, flooring, fixtures & appliances. Apartment 31 (bottom floor) fully gutted and renovated in 2022 with the same level of upgrades. Apartment 33 includes a fully remodeled bathroom and updated electrical. Basement professionally repointed in 2021, ensuring a solid foundation. One boiler replaced in 2024; the other is approx. 8 years old. Two electrical panels: Unit 33 is separately metered and pays its own electric. Units 31 top & bottom include heat, hot water & electricity in rent. Entire property is hardwired for smoke & carbon monoxide detection. Strong rental potential with minimal future maintenance. Airbnb shows average nightly rates of approx. $100 for a 1-bed unit and $186 for a 4-bed, adding short-term rental potential. Perfect for investors or owner-occupants looking for turnkey income. Convenient location near amenities, public transit & highways. A rare opportunity to own a fully updated, structurally sound 3-family with long-term value and multiple income strategies.

Location

State RI

County Providence

Community Silver Lake

Rooms

Basement Full, Interior Entry, Unfinished

Interior

Interior Features Tub Shower

Heating Baseboard, Gas, Steam, Zoned

Cooling Ductless

Flooring Ceramic Tile, Hardwood, Vinyl

Fireplaces Type None

Inclusions DOES NOT MEET THE FHA SELF-SUFFICIENCY TEST - CASH OR CONVENTIONAL FINANCING ONLY Buyer and buyer's agent to do their own due diligence verifying all information. Please present offer on a purchase and sales agreement, have the lender fill out the questionnaire, and email the offer in one file, not multiple files. Assessed Value reflects the 2025 change with a proposed tax rate of $8.25/$14.40 owner/investor.

Fireplace No

Appliance Dryer, Gas Water Heater, Oven, Range, Refrigerator, Washer

Laundry Common Area

Exterior

Exterior Feature Deck, Paved Driveway

Community Features Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks

Utilities Available Sewer Connected

Porch Deck

Total Parking Spaces 4

Garage No

Building

Lot Description Corner Lot

Foundation Stone

Sewer Connected

Water Connected

Structure Type Drywall,Plaster,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 3133BANCROFTSTPROV

Virtual Tour https://tour.RiLiving.com/31-Bancroft-Street-Providence-RI-02909

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Listed by RE/MAX 1st Choice

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Kathleen Sposato

+1(508) 523-8632

Broker | License ID: 9084437

Broker License ID: 9084437

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31 Bancroft ST Providence, RI 02909

Kathleen Sposato

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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31 Bancroft ST