Situated in the heart of Johnston, RI, 448 George Waterman Rd is a two-family home full of potential, eagerly awaiting a handyman's touch or an investor's vision. This property stands on an unusually large and oversized lot, offering a wealth of possibilities for expansion or potential development. It's a golden opportunity for builders and investors, with the land itself serving as a blank canvas for creative endeavors. The building is currently fully occupied, with both units rented out, making it an immediate income-generating asset. A young roof, replaced just 7 years ago, and gas heating systems updated 12 years ago ensure the property's mechanics are solid. Additionally, there's a detached garage, which also contributes to the property's income, as it is presently rented out. This is more than a building; it's a chance to sculpt a profitable future. Whether your plan involves refurbishing and enhancing its current state or leveraging the extensive lot for new projects, 448 George Waterman Rd is where opportunity meets the promise of return.
Sold for $365,000 on 03/28/24
$365,000
448 George Waterman Rd, Johnston, RI 02919
4beds
2,079sqft
Multi Family
Built in 1935
-- sqft lot
$535,600 Zestimate®
$176/sqft
$2,321 Estimated rent
Home value
$535,600
$487,000 - $584,000
$2,321/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: March 28, 2024 at 05:42pm
Listed by:
Slocum Home Team 401-593-1129,
Slocum
Bought with:
Michael Veltri, REB.0018100
Century 21 Limitless Prg
Source: StateWide MLS RI,MLS#: 1352043
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Forced Water
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Wall (Dry Wall), Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Unknown)
- Flooring: Hardwood, Vinyl
- Basement: Full,Interior Entry,Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,079
- Total interior livable area: 2,079 sqft
Property
Parking
- Total spaces: 5
- Parking features: Detached
- Garage spaces: 1
Features
- Stories: 2
- Patio & porch: Porch
Lot
- Size: 0.39 Acres
Details
- Parcel number: JOHNM0038L052
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Plaster, Aluminum Siding
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1935
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
Location
- Region: Johnston
HOA & financial
Other financial information
- Total actual rent: 2000
Price history
| Date | Event | Price |
|---|---|---|
| 3/28/2024 | Sold | $365,000+4.3%$176/sqft |
Source:  StateWide MLS RI #1352043 | ||
| 2/9/2024 | Pending sale | $350,000$168/sqft |
Source: StateWide MLS RI #1352043 | ||
| 2/2/2024 | Listed for sale | $350,000$168/sqft |
Source: StateWide MLS RI #1352043 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,623 +2.1% | $360,000 |
| 2024 | $5,508 +11.3% | $360,000 +69.1% |
| 2023 | $4,948 | $212,900 |
Find assessor info on the county website
Neighborhood: 02919
Nearby schools
GreatSchools rating
- NAEarly Childhood CenterGrades: KDistance: 1.9 mi
- 5/10Nicholas A. Ferri Middle SchoolGrades: 6-8Distance: 1.9 mi
- 6/10Johnston Senior High SchoolGrades: 9-12Distance: 1.8 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$535,600
2% more+ $10,712
With Zillow Showcase(estimated)
$546,312