173 Prospect St

4,439 Sq. Ft.
$344 / Sq. Ft.
4,439
Sq. Ft.
$344
per Sq. Ft.

Description

The property is being sold in a package with 71 Olney St, MLS#1360300. Both properties must be purchased together, total price $3,300,000 173 Prospect Street and 71 Olney Street present a unique turn-key investment opportunity with 30 Bedrooms and 14 bathrooms, primarily rented to graduate students from Brown University, RISD, and JWU. Both properties have been renovated with new electrical service and wiring, plumbing, HVAC, hardwired sprinkler system and alarm system, new kitchens, appliances,...The property is being sold in a package with 71 Olney St, MLS#1360300. Both properties must be purchased together, total price $3,300,000 173 Prospect Street and 71 Olney Street present a unique turn-key investment opportunity with 30 Bedrooms and 14 bathrooms, primarily rented to graduate students from Brown University, RISD, and JWU. Both properties have been renovated with new electrical service and wiring, plumbing, HVAC, hardwired sprinkler system and alarm system, new kitchens, appliances, and bathrooms. 8 parking spaces. These units are fully furnished and rented by the bedroom, each individual lease is co-signed. This is a great addition to any portfolio. Conveniently located near the Universities, Whole Foods, and highway.
  1. Listed by Spencer Kelleher • Brokerage DRE #REB.0019029 • William Raveis Inspire
    P: (508)-493-7093 spencerkelleher37@gmail.com

Amenities

  • Air Conditioning
  • Basement
  • Central AC
  • Full Basement
  • Fully Furnished
  • Gas Heat
  • Hardwood Floors
  • Hot Water Heating
LISTING UPDATED: 10/02/2024 11:21 AM

Property Details for 173 Prospect Street

StatusClosed
MLS #1360296
Days on Market69
Taxes$19,479 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1900
Lot Size0.12 AC / 5,189 SF
CountyProvidence County

Location

Listing Courtesy of William Raveis Inspire

Sold By William Raveis Inspire

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Building Information for 173 Prospect Street

Stories3Residences3Year Built1900Building Size-Lot Size0.12 AC / 5,189 SF

Payment Calculator

$9,302 per month

30 year fixed, 6.46% Interest

Principal and Interest

$7,679

Property Taxes

$1,623

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 173 Prospect Street

Summary
Location and General Information
  • City: Providence
  • Postal City: Providence
  • Postal Code: 02906
  • State Or Province: RI
  • Zoning: R-3
  • Human Modified Y N: Yes
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 4
Taxes and HOA Information
  • Tax Annual Amount: $19,478.52
  • Tax Assessed Value: 1061500
  • Tax Lot: 522
  • Tax Year: 2024
Property
Lot Information
  • Above Grade Fin SQFT: 4439.0
  • Building Area Total: 4439.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.1191
  • Lot Size Area: 5189.0
  • Lot Size Square Feet: 5189.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 173PROSPECTSTPROV
  • Stories Total: 3
  • Structure Type: Apartment
Property and Assessments
  • Buyer Financing: Conventional
  • New Construction Y N: No
  • Number Of Units Total: 3
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1900
  • C L I P: 9,152,749,662
Utilities
  • Electric: Amps200Or More
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Concrete Perimeter, Stone
Interior Features
  • Appliances: Electric Water Heater
  • Basement: Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 7
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 7
  • Bedrooms Total: 15
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Hardwood
  • Heating: Forced Air, Gas
  • Heating Y N: Yes
  • Rooms Total: 22
Multi Family
Income & Expenses Information
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $1.00
  • Unit Type Area: 0.0
  • Baths Total: 3
  • Beds Total: 7
  • Num of Full Baths: 3
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $1.00
  • Unit Type Area: 0.0
  • Baths Total: 2
  • Beds Total: 4
  • Num of Full Baths: 2
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $1.00
  • Unit Type Area: 4439.0
  • Baths Total: 2
  • Beds Total: 4
  • Num of Full Baths: 2
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 173 Prospect Street

DateEvent & SourcePriceAppreciation
Oct 2, 2024

Sold

Rhode Island Association of REALTORS® #1360296

$1,525,000
Aug 6, 2024

Contract Signed

Rhode Island Association of REALTORS® #1360296

May 29, 2024

Listed (Active)

Rhode Island Association of REALTORS® #1360296

$1,650,000
Nov 21, 2013

Temporarily Off Market

Rhode Island Association of REALTORS® #1041764

May 21, 2013

Listed (Active)

Rhode Island Association of REALTORS® #1041764

$899,000
Dec 15, 2011

Temporarily Off Market

Rhode Island Association of REALTORS® #997735

Dec 15, 2011

Temporarily Off Market

MLS PIN #71252749

$449,900
Jun 27, 2011

Listed (Active)

Rhode Island Association of REALTORS® #997735

$449,000
Jun 23, 2011

Listed (Active)

MLS PIN #71252749

$449,900
Feb 17, 2006

Sold (Public Record)

Public Record #191944707

$537,500

+17.3% / yr

Dec 22, 2001

Sold

Rhode Island Association of REALTORS® #103959

$210,000
Nov 16, 2001

Contract Signed

Rhode Island Association of REALTORS® #103959

Mar 17, 2001

Listed (Active)

Rhode Island Association of REALTORS® #103959

$250,000
Dec 10, 1999

Sold

Rhode Island Association of REALTORS® #912440

$200,000
Dec 7, 1999

Sold (Public Record)

Public Record #171240739

$200,000
Sep 1, 1999

Contract Signed

Rhode Island Association of REALTORS® #912440

Jun 25, 1999

Listed (Active)

Rhode Island Association of REALTORS® #912440

$210,000
DateEvent & SourcePrice
10/02/2024

Sold

Rhode Island Association of REALTORS® #1360296

$1,525,000
08/06/2024

Contract Signed

Rhode Island Association of REALTORS® #1360296

05/29/2024

Listed (Active)

Rhode Island Association of REALTORS® #1360296

$1,650,000
11/21/2013

Temporarily Off Market

Rhode Island Association of REALTORS® #1041764

05/21/2013

Listed (Active)

Rhode Island Association of REALTORS® #1041764

$899,000
12/15/2011

Temporarily Off Market

Rhode Island Association of REALTORS® #997735

12/15/2011

Temporarily Off Market

MLS PIN #71252749

$449,900
06/27/2011

Listed (Active)

Rhode Island Association of REALTORS® #997735

$449,000
06/23/2011

Listed (Active)

MLS PIN #71252749

$449,900
02/17/2006

Sold (Public Record)

Public Record #191944707

$537,500

+17.3% / yr

12/22/2001

Sold

Rhode Island Association of REALTORS® #103959

$210,000
11/16/2001

Contract Signed

Rhode Island Association of REALTORS® #103959

03/17/2001

Listed (Active)

Rhode Island Association of REALTORS® #103959

$250,000
12/10/1999

Sold

Rhode Island Association of REALTORS® #912440

$200,000
12/07/1999

Sold (Public Record)

Public Record #171240739

$200,000
09/01/1999

Contract Signed

Rhode Island Association of REALTORS® #912440

06/25/1999

Listed (Active)

Rhode Island Association of REALTORS® #912440

$210,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 173 Prospect Street

Taxable ValueLand$487,100Additions$924,100Total$1,411,200
Tax Record2025$19,757 ($1,646 / month)
Home Facts
Baths3Total Finished SqFt4,439 SqFtAbove Grade Finished SqFt4,439 SqFtUnfinished Basement SqFt1,276 SqFtStories4Lot Size5,189 SqFtStyleTriplexYear Built1900ZoningR-3CountyPROVIDENCEAPNPROV M:9 L:522

Schools near 173 Prospect Street

This home is within Providence School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Martin Luther King Elementary School
PublicPK to 5

Nathan Bishop Middle School
Public6 to 8

Hope Leadership School
Public9 to 12

Hope High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of William Raveis Inspire

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.