A terrific opportunity to own a 3-family home in the sought-after Elmhurst neighborhood of Providence! Close to Providence College, LaSalle Academy, and RI College, this historic charmer is big and bright, and features off-street parking for 6 cars in the double-wide driveway and for 2 more in the detached garage. The 1st and 2nd floor units feature similar layouts, each with 3 bedrooms, 1 full bathroom, a kitchen, a dining room and a living room. The 3rd floor unit has 2 bedrooms, 1 full bathroom, a kitchen and a living room. The 1st floor unit has a private front entrance, while the 2nd and 3rd floor units are each accessed by both front & back shared stairwells. Features of the house incl. inviting front porches on the 1st and 2nd levels, charming hardwood floors, high ceilings, replacement windows, aluminum storm doors (2019), a 1-layer roof (2019), a new copper main water line from the street to the house (2019), 3 new hot water tanks (2022), a code-compliant interconnected wireless smoke/co detection system (2023), separate utilities, & on-site laundry & ample storage in the basement. Great for a flip or as an owner-occupied opportunity, w/ rental income paying the mortgage and a homestead exemption to reduce the property taxes by 45%. Current rents are approx. 50% of actual market rate, with all tenants on month-to-months leases. The house does need TLC / updating and will not pass FHA. Selling "as is," below assessment, for cash or via conventional or rehab loan only.
Sold for $750,000 on 12/01/23
$750,000
470 Academy Ave, Providence, RI 02908
8beds
3,160sqft
Multi Family
Built in 1920
-- sqft lot
$846,000 Zestimate®
$237/sqft
$1,963 Estimated rent
Home value
$846,000
$804,000 - $888,000
$1,963/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 19, 2023 at 06:42pm
Listed by:
Erica Gregg 401-595-3235,
Lila Delman Compass
Bought with:
Justin Hetherington, REB.0019487
Compass
Source: StateWide MLS RI,MLS#: 1331438
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Forced Water, Other
Cooling
- Individual Unit
Appliances
- Included: Gas Water Heater, Oven/Range, Refrigerator
- Laundry: Common Area, In Building
Features
- Wall (Plaster), Stairs, Plumbing (Copper), Plumbing (Mixed), Plumbing (PVC), Insulation (Unknown)
- Flooring: Hardwood, Laminate, Vinyl, Carpet
- Basement: Full,Interior and Exterior,Unfinished,Laundry,Storage Space,Utility
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 4,504
- Total interior livable area: 3,160 sqft
Property
Parking
- Total spaces: 6
- Parking features: Detached, Garage Door Opener, Driveway
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 5,000 sqft
- Features: Sidewalks
Details
- Parcel number: PROVM116L68
- Zoning: R-2
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Plaster, Vinyl Siding
- Foundation: Brick/Mortar, Concrete Perimeter, Mixed
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Municipal
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
Location
- Region: Providence
- Subdivision: Elmhurst / Prov. College / Lasalle
HOA & financial
HOA
- Has HOA: No
Other financial information
- Total actual rent: 2650
Price history
| Date | Event | Price |
|---|---|---|
| 12/1/2023 | Sold | $750,000+87.5%$237/sqft |
Source: Public Record | ||
| 4/18/2023 | Sold | $400,000+2.6%$127/sqft |
Source:  StateWide MLS RI #1331438 | ||
| 3/16/2023 | Pending sale | $390,000$123/sqft |
Source: StateWide MLS RI #1331438 | ||
| 3/16/2023 | Listed for sale | $390,000+14.7%$123/sqft |
Source: StateWide MLS RI #1331438 | ||
| 5/5/2004 | Sold | $340,000$108/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,316 -30.5% | $704,100 +68.8% |
| 2024 | $7,654 +3.1% | $417,100 |
| 2023 | $7,424 | $417,100 |
Find assessor info on the county website
Neighborhood: Mount Pleasant
Nearby schools
GreatSchools rating
- 7/10Robert F. Kennedy Elementary SchoolGrades: K-5Distance: 1.5 mi
- 5/10Nathanael Greene Middle SchoolGrades: 6-8Distance: 0.7 mi
- 1/10Mount Pleasant High SchoolGrades: 9-12Distance: 0.4 mi
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$846,000
2% more+ $16,920
With Zillow Showcase(estimated)
$862,920