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$690,000
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Property Description
**OFFER DEADLINE Monday 5pm**Lovingly maintained 3-family property with upside for additional rental income in Providence's Silver Lake neighborhood , offering XL-sized units with 3 bedrooms and 1 bathroom each. Hardwood floors run through most of the +1,300sf units. A finished 4th-floor space adds additional townhouse-style living, with extra finished areas in the basement. All units are occupied, and all tenants are month-to-month, each responsible for their own electric and gas utilities. Off-street tandem parking and a small backyard offer added premiums. Eligible buyers can take advantage of a 2% discounted interested rate on a 30-year fixed loan through Washington Trust. A great investment opportunity in a prime location! Showing by appointment only.
Full Property Details
Full Property Details for 216 Sterling Ave
General
- Sold For: $690,000
- Taxes: $6,468 (2024)
- Status: Closed
- Type: Multi-Family
- Source: STWMLS
- MLS ID: 1371399
- Added to Site: 486 day(s) ago
Interior
- Number of Rooms: 18
- Fireplace(s): None
- Appliances: Gas Water Heater
- Flooring: Carpet, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 9
Other Rooms
- Laundry: Common Area
Exterior
- Exterior Features: Deck, Porch, Paved Driveway
- Porch/Patio/Deck: Deck, Porch
Parking
- Garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Total Spaces: 3
- Parking Features: Detached, Garage
Location
- County: Providence
- Subdivision: Silver Lake
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas, Hot Water
Utilities
- Sewer: Connected
- Water: Connected
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Construction: Clapboard, Vinyl Siding, Wood Siding
- Basement: Yes
- Basement Desc.: Full, Interior Entry, Partially Finished
- Stories/Levels: 3
- Building Size: 4791
- Finished Total: 4,791 Sq. Ft.
- Finished Above Grnd: 4,791 Sq. Ft.
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,792
- Lot Size: 4792
- Sidewalks: Yes
Financial Considerations
- Tax Amount: $6,468
- Tax Year: 2024
Disclosures and Reports
- Inclusions: There is finished living space on the 4th floor and basement, recognized by tax card, too. The rents in MLS show $2300 for 3rd unit, that's $1500 for the 3rd floor and $800 for top floor. May be hard to qualify for FHA self-sufficiency.
- Property ID: 216218STERLINGAVPROV
- Lot Number: 104
Listed by Cote Partners Realty LLC
Sold by HomeSmart Professionals
Get Pre-Approved Today
Schools
Schools serving 216 Sterling Ave
School District:Providence School District
| Name | Grades | Distance |
|---|---|---|
Webster Avenue School 191 Webster Avenue, Providence, RI 02909 | K-5 | 0.1 mi |
Frank D. Spaziano Annex Elementary School 240 Laban Street, Providence, RI 02909 | K-1 | 0.4 mi |
Frank D. Spaziano Elementary School 85 Laurel Hill Avenue, Providence, RI 02909 | 2-5 | 0.5 mi |
Governor Christopher Delsesto Middle School 152 Springfield Street, Providence, RI 02909 | 6-8 | 0.9 mi |
Gilbert Stuart Middle School 188 Princeton Avenue, Providence, RI 02907 | 6-8 | 1.4 mi |
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908 | 6-8 | 2 mi |
Dr. Jorge Alvarez High School 375 Adelaide Avenue, Providence, RI 02907 | 9-12 | 1.5 mi |
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903 | 9-12 | 1.7 mi |
Classical High School, Providence, RI 770 Westminster Street, Providence, RI 02903 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 216 Sterling Ave
Date
Details
Price
Change
Source
11/27/2024
Sold
$690,000
6.17%
MLS
10/22/2024
Listed
$649,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
216 Sterling Avenue, Providence, RI 02909 (MLS# 1371399) is a Multi-Family property that was sold at $690,000 on November 27, 2024. Want to learn more about 216 Sterling Avenue? Do you have questions about finding other Multi-Family real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

