3 Solar St

Providence, RI 02903

$505,000
Last Sold Price
6
Beds
4,064 Sq. Ft.
$124 / Sq. Ft.
4,064
Sq. Ft.
$124
per Sq. Ft.
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Closed 1/28/22
Closed 1/28/22

Description

This 3 family investment property, nestled in the heart of Federal Hill, has seen long standing success as active Airbnb rentals. It's premier location make it a big draw for people visiting Providence. Out your front door, there are countless restaurants, shops and cafes to choose from. Tucked quietly away on a one-way side street, you're away from the hustle and bustle - but mere steps to all the action historic Atwells Ave has to offer. Will not be a candidate for FHA due to exterior peeling paint....This 3 family investment property, nestled in the heart of Federal Hill, has seen long standing success as active Airbnb rentals. It's premier location make it a big draw for people visiting Providence. Out your front door, there are countless restaurants, shops and cafes to choose from. Tucked quietly away on a one-way side street, you're away from the hustle and bustle - but mere steps to all the action historic Atwells Ave has to offer. Will not be a candidate for FHA due to exterior peeling paint. Potential to parcel it with the neighboring single family (also zoned R3) at 1 Solar. Taxes do not reflect Homestead Exemption. This is rare opportunity to own a rock solid income property in the most sought after of rental markets. All furnishings, decor and appliances included in the sale! Multi-families in Federal Hill come up very infrequently and this one is priced to SELL.

Listing Agents

  1. Jonathan Kaufman

    Jonathan Kaufman

    Alternative Listing Agent

    Compass

    CallTextEmail
  2. Listed by Annie Patterson • Brokerage DRE #REB.0019560 • Lila Delman Compass
    P: (401)-451-6547 annie.patterson@liladelman.com

Property Details for 3 Solar Street

Subdivision Name
Federal Hill
Furnished
Furnished
LISTING UPDATED: 10/13/2022 08:13 PM

Property Details for 3 Solar Street

StatusClosed
MLS #1299913
Days on Market8
Taxes$7,122 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1905
Lot Size-
CountyProvidence County
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Location

Listing Courtesy of Lila Delman Compass

Sold By Lila Delman Compass

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Building Information for 3 Solar Street

Stories3Residences3Year Built1905Building Size-Lot Size-

Payment Calculator

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$3,055 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,461

Property Taxes

$594

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 3 Solar Street

Summary
Location and General Information
  • City: Providence
  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Courts
  • Postal City: Providence
  • Postal Code: 02903
  • Postal Code Plus4: 1609
  • State Or Province: RI
  • Zoning: R3
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 0
Taxes and HOA Information
  • Tax Annual Amount: $7,122.40
  • Tax Assessed Value: 290000
  • Tax Lot: 100
  • Tax Year: 2021
Virtual Tour
Property
Lot Information
  • Above Grade Fin SQFT: 4064.0
  • Building Area Total: 4064.0
  • Living Area Source: Public Records
  • Lot Features: Paved
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.03
  • Lot Size Square Feet: 0.03
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 35SOLARSTPROV
  • Stories Total: 3
  • Structure Type: Apartment
Property and Assessments
  • Buyer Financing: Cash
  • New Construction Y N: No
  • Number Of Units Total: 3
  • Property Condition: Fixer
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1905
Utilities
  • Electric: Amps100
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Deck
  • Foundation Details: Concrete Perimeter
Interior Features
  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement Y N: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 6
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Heating: Baseboard, Gas, Hot Water
  • Heating Y N: Yes
  • Interior Features: Attic, Tub Shower, Furnished, Cable Tv
  • Laundry Features: Common Area
  • Patio And Porch Features: Deck
  • Rooms Total: 15
Multi Family
Income & Expenses Information
  • Operating Expense: $16,000.00
Unit 1 Information
  • Actual Rent: $3,350.00
  • Description: Airbnb
  • Unit Type Area: 977.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $3,350.00
  • Description: Airbnb
  • Unit Type Area: 977.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $3,350.00
  • Description: Airbnb
  • Unit Type Area: 977.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No
  • Listing Terms: Assumable

Property History for 3 Solar Street

DateEvent & SourcePriceAppreciation
Jan 28, 2022

Sold

Rhode Island Association of REALTORS® #1299913

$505,000—
Dec 17, 2021

Contract Signed

Rhode Island Association of REALTORS® #1299913

—
Dec 9, 2021

Listed (Active)

Rhode Island Association of REALTORS® #1299913

$415,000—
DateEvent & SourcePrice
01/28/2022

Sold

Rhode Island Association of REALTORS® #1299913

$505,000
12/17/2021

Contract Signed

Rhode Island Association of REALTORS® #1299913

—
12/09/2021

Listed (Active)

Rhode Island Association of REALTORS® #1299913

$415,000

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

Schools near 3 Solar Street

This home is within Providence School District.
Rating
School
Type
Grades
Distance
West Broadway Middle School
Public - 5 to 8
Educare I
Public - 9 to 12
Classical High School
Public - 9 to 12
Central High School
Public - 9 to 12
Rating
School
Distance
West Broadway Middle School
Public5 to 8

Educare I
Public9 to 12

Classical High School
Public9 to 12

Central 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lila Delman Compass

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.