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Off market
  • $585,500

    51 Raymond St, Providence, RI 02908

    6beds
    0baths
    --sqft
    MultiFamily
    Built in 1920
    -- sqft lot
    $585,500 Zestimate®
    $--/sqft
    $2,204 Estimated rent

    Home value

    $585,500

    $492,000 - $697,000

    $2,204/mo

    Zestimate® history
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    Rent Zestimate®

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    $3,621/mo

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    $3,621/mo

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    What's special

    Fantastic investment opportunity in Providence conveniently located near the major interstates, VA Memorial Hospital, Roger Williams Medical Center, and Providence College. This building is a large three family with identical layouts -- double parlors with two bedrooms, eat-in, and one full bathroom with bathtub. High ceilings throughout every unit with original hardwoods in living area and bedrooms. 1st floor needs the most work and is currently vacant. 2nd and 3rd floor feature private front-facing balconies. Double parlors present opportunity to create third bedroom and increase rents. Conveys with separate non-buildable additional lot currently being used for parking for the tenants. Please download proforma spreadsheet attachments to show your investor the true 20% cash on cash return or your owner-occupied conventional financing buyer how rents will pay for TOTAL expense and maintenance of owning this building. No FHA -- conventional financing or cash and being sold AS-IS.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 0
    Appliances
    • Laundry: In Building

    Property

    Lot
    • Size: 4,613 sqft
    Details
    • Parcel number: PROVM66L317

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1920

    Utilities & green energy

    • Electric: Individual Meter, 60 Amps
    • Sewer: Connected, Public Connected

    Community & neighborhood

    Location
    • Region: Providence

    Other

    Other facts
    • Exterior: Vinyl Siding, Porch, Clapboard, Balcony
    • FinishedFloor: Hardwood, Ceramic, Laminate
    • BasementFinish: Unfinished
    • Electric: Individual Meter, 60 Amps
    • HeatingFuel: Gas
    • HeatPaidBy: Tenant
    • BasementType: Full
    • HotWater: Gas, Tenant Pays, Tank, Individual
    • BasementAccess: Interior Only
    • Laundry: In Building
    • Type: Up/Down, Apartment
    • Plumbing: Mixed
    • PropertyType: 2-4 Units Multi Family
    • Sewer: Connected, Public Connected
    • SubsidizedHousing: 0
    • UnderConstruction: 0
    • WaterSupply: Connected, Common Meter, Public Connected
    • HeatingSystem: Baseboard, Steam
    • Insulation: Unknown
    • Historic: Unknown
    • Cooling: Window Units
    • TimeShareYN: 0

    Price history

    DateEventPrice
    5/26/2020Sold$1,145+25.3%
    Source: Public Record
    7/10/2019Sold$914-99.6%
    Source: Public Record
    7/3/2018Listing removed$239,900
    Source: Lenox Realty Group #1195449
    6/19/2018Listed for sale$239,900
    Source: Lenox Realty Group #1195449

    Public tax history

    YearProperty taxesTax assessment
    2025$816 +574.4%$55,900 +747%
    2024$121 +3.4%$6,600
    2023$117 $6,600

    Find assessor info on the county website

    Neighborhood: Smith Hill

    Nearby schools

    GreatSchools rating
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    Get a free Zillow Showcase℠ listing and you could sell for .
    $585,500
    2% more+ $11,710
    With Zillow Showcase(estimated)
    $597,210