562 Hope Street

Providence, RI 02906

$599,000
Last Sold Price
5
Beds
3
Baths
5,220 Sq. Ft.
$115 / Sq. Ft.
5,220
Sq. Ft.
$115
per Sq. Ft.

Description

Welcome home to beautiful Hope. Location, location, location! Owner occupy or enjoy the benefits of East Side rental income. This large 3 family home boasts nearly 3000 sq ft of livable space. Built in 1900, you'll find a beautiful brick exterior with stained glass windows and charming period details throughout. Sitting on the perfect corner lot, you can enter through the newly updated front porch or via the back entrance beside off street parking and a charming 2 car garage. Inside the first 2 units,...Welcome home to beautiful Hope. Location, location, location! Owner occupy or enjoy the benefits of East Side rental income. This large 3 family home boasts nearly 3000 sq ft of livable space. Built in 1900, you'll find a beautiful brick exterior with stained glass windows and charming period details throughout. Sitting on the perfect corner lot, you can enter through the newly updated front porch or via the back entrance beside off street parking and a charming 2 car garage. Inside the first 2 units, you can find original hardwood floors and molding, 2 bedrooms, 1 bath, a double parlor or separate dining space, and an eat in kitchen with pantry. The third unique space has 2 bedrooms and 1 bath. Strong tenant rental history with potential to increase profit. NEW ROOF as of 2018 both home and garage. NEW front porch! New heating system!
  1. Listed by Daniele Killen • Keller Williams Realty NRI

Property Details for 562 Hope Street

Subdivision Name
Hope

Location

Listing Courtesy of Keller Williams Realty NRI

Sold By Randall REALTORS

Add your commute
LISTING UPDATED: 09/08/2021 04:50 PM

Property Details for 562 Hope Street

StatusClosed
MLS #1284075
Days on Market31
Taxes$6,097 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1900
Lot Size0.11 AC / 4,792 SF
CountyProvidence County

Location

Listing Courtesy of Keller Williams Realty NRI

Sold By Randall REALTORS

Add your commute

Building Information for 562 Hope Street

Stories3Residences3Year Built1900Building Size-Lot Size0.11 AC / 4,792 SF

Payment Calculator

$3,777 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,269

Property Taxes

$508

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 562 Hope Street

Summary
Location and General Information
  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Shopping, Sidewalks
  • Postal City: Providence
  • County: Providence
  • City: Providence
Parking
  • Attached Garage: No
  • Covered Spaces: 2
  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Detached, Garage
  • Parking Total: 8
Taxes and HOA Information
  • Association Fee: $.00
  • Tax Annual Amount: $6,097.00
  • Tax Assessed Value: 496500
  • Tax Lot: 160
  • Tax Year: 2020
Property
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.11
  • Lot Size Area: 4791.6
  • Lot Size Square Feet: 4792.0
  • Lot Size Units: Square Feet
  • Building Area Total: 5,220.00
  • Parcel Number: 562HOPESTPROV
  • Living Area Source: Public Records
Property and Assessments
  • Senior Community: No
  • Construction Materials: Drywall, Plaster, Brick
  • New Construction: No
  • Number Of Buildings: 2
  • Number Of Units Total: 3
  • Property Sub Type: Multi Family
  • Stories Total: 3
  • Year Built: 1900
  • Property Type: Residential Income
Utilities
  • Cooling: None
  • Cooling: No
  • Electric: 200+ Amp Service
  • Heating: Gas, Steam
  • Heating: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Porch, Paved Driveway
  • Foundation Details: Brick/Mortar, Concrete Perimeter, Stone
  • Patio And Porch Features: Porch
Interior Features
  • Appliances: Dishwasher, Gas Water Heater, Oven, Range, Refrigerator
  • Basement: Full, Interior Entry, Unfinished
  • Basement: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Hardwood
  • Interior Features: Bathtub, Tub Shower
  • Laundry Features: Common Area
  • Rooms Total: 14
MultiFamily
Income & Expenses
  • Operating Expense: $32,000
Unit 1
  • Unit Type Description 1: 12 mo expiring 7/31
  • Unit Type Actual Rent 1: $1,625.00
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 2
Unit 2
  • Unit Type Description 2: month to month
  • Unit Type Actual Rent 2: $1,050.00
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 2
Unit 3
  • Unit Type Description 3: month to month
  • Unit Type Actual Rent 3: $900.00
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 1
Rental Information
Rent Information
  • Land Lease: false

Property History for 562 Hope Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 562 Hope Street

Taxable ValueLand$310,900Additions$441,700Total$752,600
Tax Record2023$13,810 ($1,151 / month)
Home Facts
Baths3Total Finished SqFt3,098 SqFtAbove Grade Finished SqFt3,098 SqFtUnfinished Basement SqFt1,265 SqFtStories2Lot Size4,742 SqFtStyleTriplexYear Built1900ZoningR-2CountyPROVIDENCEAPNPROV M:6 L:160

Schools near 562 Hope Street

This home is within Providence School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - PK to 4
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Charles N. Fortes Elementary School
PublicPK to 1

asa messer elementary school
PublicPK to 4

Pleasant View School
PublicPK to 5

Martin Luther King El. School
PublicPK to 5

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.

Similar Homes

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Similar Sold Homes

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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty NRI

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.