Introducing a fantastic investment opportunity on the secluded and serene Mercy Street, Providence, RI, located in the convenient Silver Lake neighborhood. This meticulously maintained 3-family home is a true cash cow, offering three separate units, each with its own utilities, ensuring ease of management and tenant satisfaction. The property has been lovingly cared for and is move-in ready, reflecting a high standard of upkeep. With its attractive condition and prime location, this property is perfect for investors looking for consistent rental income in a vibrant and accessible community. Don't miss out on this exceptional opportunity contact us today to learn more or to schedule a viewing! Motivated to move this investment.
Property Details
Property Features
Property Information:
Year Built: 1920
Listing Office:
Office Name: Realty Quarters
Office Phone: (401) 258-8300
Interior Features
Interior Information:
Appliances: Electric Water Heater
Basement: Yes
Flooring Type: Ceramic Tile, Hardwood, Laminate
Bedroom and Bathroom Information:
Full Bathrooms: 3
Total Bedroom Count: 8
Exterior Features
Parking Information:
Parking: No Garage
Lot Features
Lot Information:
Lot Size: 0.11 Acres
Utilities
Utilities Information:
Heating: Natural Gas
Cooling: Central Air
School Info
Assigned Schools Information:
Dr. Jorge Alvarez High School, Public District Grades 9-12
Mount Pleasant High School, Public District Grades 9-12
Central High School, Public District Grades 9-12
Governor Christopher Delsesto, Public District Grades 6-8
Nathanael Greene Middle School, Public District Grades 6-8
Esek Hopkins Middle School, Public District Grades 6-8
Frank D. Spaziano Elementary School, Public District Grades 2-5
Anthony Carnevale Elementary School, Public District Grades PK-5
Webster Avenue School, Public District Grades KG-5
Price Information
Listing Price Info
Price Summary:
List Price: $849,000
Tax Information:
Annual Amount: $2,980
Tax Year: 2020
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Housing Market Comparison
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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.
Elementary School
3
/10
Frank D. Spaziano Elementary School
85 Laurel Hill Ave
Distance between this listing and this school0.33 miles
Public District Grades 2-5
4
/10
Anthony Carnevale Elementary School
50 Springfield St
Distance between this listing and this school0.46 miles
Public District Grades PK-5
2
/10
Webster Avenue School
191 Webster Ave
Distance between this listing and this school0.53 miles
Public District Grades KG-5
Middle School
2
/10
Governor Christopher Delsesto
152 Springfield St
Distance between this listing and this school0.57 miles
Public District Grades 6-8
3
/10
Nathanael Greene Middle School
721 Chalkstone Ave
Distance between this listing and this school2.15 miles
Public District Grades 6-8
2
/10
Esek Hopkins Middle School
480 Charles St
Distance between this listing and this school3.27 miles
Public District Grades 6-8
High School
1
/10
Dr. Jorge Alvarez High School
375 Adelaide Ave
Distance between this listing and this school1.90 miles
Public District Grades 9-12
1
/10
Mount Pleasant High School
434 Mount Pleasant Ave
Distance between this listing and this school1.97 miles
Public District Grades 9-12
2
/10
Central High School
70 Fricker St
Distance between this listing and this school2.03 miles
Public District Grades 9-12
Assigned Schools
3
/10
Frank D. Spaziano Elementary School
85 Laurel Hill Ave
Distance between this listing and this school0.33 miles
Public District Grades 2-5
4
/10
Anthony Carnevale Elementary School
50 Springfield St
Distance between this listing and this school0.46 miles
Public District Grades PK-5
2
/10
Webster Avenue School
191 Webster Ave
Distance between this listing and this school0.53 miles
Public District Grades KG-5
Assigned Schools
2
/10
Governor Christopher Delsesto
152 Springfield St
Distance between this listing and this school0.57 miles
Public District Grades 6-8
3
/10
Nathanael Greene Middle School
721 Chalkstone Ave
Distance between this listing and this school2.15 miles
Public District Grades 6-8
2
/10
Esek Hopkins Middle School
480 Charles St
Distance between this listing and this school3.27 miles
Public District Grades 6-8
Assigned Schools
1
/10
Dr. Jorge Alvarez High School
375 Adelaide Ave
Distance between this listing and this school1.90 miles
Public District Grades 9-12
1
/10
Mount Pleasant High School
434 Mount Pleasant Ave
Distance between this listing and this school1.97 miles
Public District Grades 9-12
2
/10
Central High School
70 Fricker St
Distance between this listing and this school2.03 miles
The neighbors living near this home have an average income of $53,482. Most Providence, RI residents have annual incomes between $35k-100k. Most families are single, no kids. Residents of this area typically have high school diploma education.
This home is located at 28 Mercy St in Providence, RI and zip code 02909 in the Silver Lake neighborhood. This home, which was built in 1920, sits on a 0.11 acre lot. Features: 8 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 16, 2024 and is currently priced at $849,000.
In September 2024 more than 67 listings in Providence, RI were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 32 were sold below. In September 2024 in Providence, RI there were 3.3% more homes for sale than in August 2024. Listings spent 22 days on the market in September 2024, and had a median list price of $480,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.