86 Florence St

3,888 Sq. Ft.
$161 / Sq. Ft.
3,888
Sq. Ft.
$161
per Sq. Ft.

Description

This Providence 3-unit property is a marvelous income-generating opportunity! Located in Olneyville close to trending restaurants, bars, and the celebrated Atwells Avenue neighborhood, each unit has 3 bedrooms, a living room, kitchen, and 1 bath, with the first floor providing an extra full bath and some finished basement space. Off-street parking is included. The lifestyle is unbeatable for today's renter seeking modern comfort and ample activity. The nearby Farm Fresh market, the largest indoor...This Providence 3-unit property is a marvelous income-generating opportunity! Located in Olneyville close to trending restaurants, bars, and the celebrated Atwells Avenue neighborhood, each unit has 3 bedrooms, a living room, kitchen, and 1 bath, with the first floor providing an extra full bath and some finished basement space. Off-street parking is included. The lifestyle is unbeatable for today's renter seeking modern comfort and ample activity. The nearby Farm Fresh market, the largest indoor farmers market in New England, lends lively activity on weekends. Venture downtown for theater and fine dining, in addition to the sights & sounds of WaterFire. The convenient downtown train station gives commuters swift passage to Boston. Don't miss a chance to earn good income in this in-demand area of the city.
  1. Listed by Monica Sye • Brokerage DRE #REB.0016818 • Residential Properties Ltd.
    P: (774)-534-8831 msye@residentialproperties.com

Property Details for 86 Florence Street

Architectural Style
Up/Down
LISTING UPDATED: 08/25/2024 09:41 PM

Property Details for 86 Florence Street

StatusClosed
MLS #1362711
Days on Market5
Taxes$7,180 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1885
Lot Size0.09 AC / 3,800 SF
CountyProvidence County

Location

Listing Courtesy of Residential Properties Ltd.

Sold By South Earth Realty

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Building Information for 86 Florence Street

Stories3Residences3Year Built1885Building Size-Lot Size0.09 AC / 3,800 SF

Payment Calculator

$3,746 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,147

Property Taxes

$598

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 86 Florence Street

Summary
Location and General Information
  • City: Providence
  • Postal City: Providence
  • Postal Code: 02909
  • 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: 8
Taxes and HOA Information
  • Tax Annual Amount: $7,180.00
  • Tax Assessed Value: 391300
  • Tax Lot: 224
  • Tax Year: 2023
Property
Lot Information
  • Above Grade Fin SQFT: 3888.0
  • Building Area Total: 3888.0
  • Living Area Source: Owner
  • Lot Size Acres: 0.0872
  • Lot Size Area: 3800.0
  • Lot Size Square Feet: 3800.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 86FLORENCESTPROV
  • Stories Total: 3
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: 1885
  • C L I P: 4,199,956,836
Utilities
  • Electric: Item100Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Interior Features
  • Appliances: Gas Water Heater
  • Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement Y N: Yes
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 9
  • Cooling: None
  • Cooling Y N: No
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Laminate, Vinyl
  • Heating: Baseboard, Gas, Hot Water
  • Heating Y N: Yes
  • Rooms Total: 15
Multi Family
Income & Expenses Information
  • Operating Expense: $12,960.00
Unit 1 Information
  • Actual Rent: $1,850.00
  • Unit Type Area: 1134.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $1,650.00
  • Unit Type Area: 1152.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $2,000.00
  • Unit Type Area: 1602.0
  • Baths Total: 2
  • Beds Total: 3
  • 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 86 Florence Street

DateEvent & SourcePriceAppreciation
Aug 9, 2024

Sold

Rhode Island Association of REALTORS® #1362711

$625,000
Jul 9, 2024

Contract Signed

Rhode Island Association of REALTORS® #1362711

Jul 1, 2024

Listed (Active)

Rhode Island Association of REALTORS® #1362711

$565,000
DateEvent & SourcePrice
08/09/2024

Sold

Rhode Island Association of REALTORS® #1362711

$625,000
07/09/2024

Contract Signed

Rhode Island Association of REALTORS® #1362711

07/01/2024

Listed (Active)

Rhode Island Association of REALTORS® #1362711

$565,000

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

Public Records for 86 Florence Street

Taxable ValueLand$147,600Additions$471,900Total$619,500
Tax Record2025$8,673 ($723 / month)
Home Facts
Baths3Total Finished SqFt3,438 SqFtAbove Grade Finished SqFt3,438 SqFtUnfinished Basement SqFt1,152 SqFtStories3Lot Size3,800 SqFtStyleTriplexYear Built1885ZoningR-3CountyPROVIDENCEAPNPROV M:63 L:224

Schools near 86 Florence Street

This home is within Providence School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 5 to 8
Public - 9 to 12
Public - PK to 4
Rating
School
Distance
William D'abate Elementary School
PublicK to 5

West Broadway Middle School
Public5 to 8

Mount Pleasant High School
Public9 to 12

Asa Messer Elementary School
PublicPK to 4

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 Residential Properties Ltd.

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.