StatusAccepting Backup Offers (Active Under Contract)
About 16 Emmett St
Multiple offers, deadline for all offers is Tuesday October 29th by 5pm. The seller reserves the right to accept an offer at any time. Discover this charming, oversized 3-unit investment property located in the heart of Providence's Hospital District. Oozing with character, this fully vacant property offers an excellent rental opportunity, featuring updated kitchens and baths, a new roof, and upgraded electrical systems. Situated within walking distance to local hospitals, this prime location presents great potential for rental increases. Don't miss out on this exceptional opportunity to invest in a thriving rental market! Also for sale, connecting lot 12 Emmett St, additional 3600 sq ft lot, providing ample off-street parking for tenants or potential for expansion.
Property Details
Property Features
Property Information:
Year Built: 1910
Listing Office:
Office Name: Century 21 Luxe Property Grp
Office Phone: (401) 525-0982
Interior Features
Interior Information:
Appliances: Gas Water Heater
Basement: Yes
Flooring Type: Hardwood
Bedroom and Bathroom Information:
Full Bathrooms: 4
Total Bedroom Count: 8
Exterior Features
Parking Information:
Parking: No Garage
Lot Features
Lot Information:
Lot Size: 0.07 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Hot Water, Steam
Cooling: None
Price Information
Listing Price Info
Price Summary:
List Price: $639,000
Tax Information:
Annual Amount: $5,683
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Providence, RI.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,257
Per Month
Principal & Interest
$3,190
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,982
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Southside Elementary Charter
135 Prairie Ave
Distance between this listing and this school0.26 miles
Public Charter Grades KG-5
5
/10
Robert L. Bailey Iv
65 Gordon Ave
Distance between this listing and this school0.76 miles
Public District Grades KG-5
1
/10
Mary E. Fogarty Elementary School
199 Oxford St
Distance between this listing and this school0.80 miles
Public District Grades KG-5
Nearby Schools
2
/10
Urban Collaborative Program
75 Carpenter St
Distance between this listing and this school0.63 miles
Public District Grades 7-8
2
/10
West Broadway Middle School
29 Bainbridge Ave
Distance between this listing and this school1.19 miles
Public District Grades 5-8
4
/10
Paul Cuffee Middle School
30 Barton St
Distance between this listing and this school1.23 miles
Public Charter Grades 6-8
Nearby Schools
2
/10
Central High School
70 Fricker St
Distance between this listing and this school0.42 miles
Public District Grades 9-12
10
/10
Classical High School
770 Westminster St
Distance between this listing and this school0.45 miles
Public District Grades 9-12
5
/10
Providence Career Technical
41 Fricker St
Distance between this listing and this school0.49 miles
The neighbors living near this home have an average income of $12,715. The majority of Providence, RI residents have income less than $35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
This home is located at 16 Emmett St in Providence, RI and zip code 02903 in the Upper South Providence neighborhood. This home, which was built in 1910, sits on a 0.07 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $639,000.
While more than 52 listings in Providence, RI in October 2024 were sold above asking price, there were more than 16 listings sold at asking price, and more than 39 were sold below. In October 2024 in Providence, RI there were 2.9% more homes for sale than in September 2024. In October 2024, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $484,800.
From Rocket Homes Real Estate and based on county public records data.