Presenting a great investment or owner occupied opportunity with this spacious 3-unit multi-family located near highways, hospitals, and all major conveniences. You'll find hardwood floors, double parlors / living rooms, and spacious eat-in kitchens in each unit. A few cosmetic updates will bring out the charming character elements like French doors and uniquely shaped rooms, while the front porches, back yard area, and off-street parking for 6+ vehicles are amenities to appreciate. The property also features a two-car garage, offering additional rental income potential or convenient storage for tenants. Important maintenance items include durable vinyl siding, 3 separate heating systems and shared laundry facilities.
Property Details
Property Features
Property Information:
Year Built: 1910
Listing Office:
Office Name: Williams & Stuart Real Estate
Office Phone: (401) 942-0200
Interior Features
Interior Information:
Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Water Heater
Basement: Yes
Flooring Type: Ceramic Tile, Hardwood, Laminate
Interior: Stall Shower, Tub Shower
Fireplace: None
Bedroom and Bathroom Information:
Full Bathrooms: 3
Total Bedroom Count: 6
Exterior Features
Parking Information:
Attached Garage: No
Parking: Detached, Garage
Lot Features
Lot Information:
Lot Size: 0.10 Acres
Utilities
Utilities Information:
Heating: Baseboard, Natural Gas, Hot Water
Cooling: None
Price Information
Listing Price Info
Price Summary:
List Price: $549,000
Tax Information:
Annual Amount: $5,921
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.
$2,808
Per Month
Principal & Interest
$2,741
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
$1,712
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
Robert L. Bailey Iv
65 Gordon Ave
Distance between this listing and this school0.07 miles
Public District Grades KG-5
4
/10
Highlander Elementary Charter
42 Lexington Ave
Distance between this listing and this school0.28 miles
Public Charter Grades PK-6
1
/10
Mary E. Fogarty Elementary School
199 Oxford St
Distance between this listing and this school0.33 miles
Public District Grades KG-5
Nearby Schools
2
/10
Urban Collaborative Program
75 Carpenter St
Distance between this listing and this school1.23 miles
Public District Grades 7-8
4
/10
Af Iluminar Mayoral Middle School
85 Garfield Ave
Distance between this listing and this school1.36 miles
Public Charter Grades 5-6
2
/10
West Broadway Middle School
29 Bainbridge Ave
Distance between this listing and this school1.36 miles
Public District Grades 5-8
Nearby Schools
4
/10
Metropolitan Career Tech Center
325 Public St
Distance between this listing and this school0.30 miles
Public District Grades 9-12
2
/10
360 High School
182 Thurbers Ave
Distance between this listing and this school0.58 miles
Public District Grades 9-12
3
/10
W B Cooley & Academy Internationa
182 Thurbers Ave
Distance between this listing and this school0.58 miles
The neighbors living near this home have an average income of $20,000. The most common annual income of people living in Providence, RI is less than $35k. The most common type of family is single, with kids. Typical level of education for residents in this area is high school diploma.
This home is located at 275 Potters Ave in Providence, RI and zip code 02905 in the Lower South Providence neighborhood. This home, which was built in 1910, sits on a 0.10 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 01, 2025 and is currently priced at $549,000.
In December 2024, from all listings sold in Providence, RI there were more than 66 sold above asking price, over 38 sold below and more than 19 were sold right at the asked price. In December 2024 in Providence, RI there were 13.9% less homes for sale than in November 2024. The median list price of listings available in December 2024 was $490,441, while the average time on the real estate market was 29 days.
From Rocket Homes Real Estate and based on county public records data.