586 Smith Street

Providence, RI 02908

$529,000
Price
7
Beds
3
Baths
3,096 Sq. Ft.
$171 / Sq. Ft.
3,096
Sq. Ft.
$171
per Sq. Ft.

Description

Great investment opportunity or perfect for an owner occupied with large family and wanting to create some extra income while renting out one unit. Located in desirable Smith Hill, blocks away from Providence College this property has great rental history perfect for someone wanting to add to their portfolio. Recently Painted exterior with large back lot for off street parking is an added bonus. The units are equipped with newer cabinets, granite countertops, freshly painted and vinyl flooring throughout....Great investment opportunity or perfect for an owner occupied with large family and wanting to create some extra income while renting out one unit. Located in desirable Smith Hill, blocks away from Providence College this property has great rental history perfect for someone wanting to add to their portfolio. Recently Painted exterior with large back lot for off street parking is an added bonus. The units are equipped with newer cabinets, granite countertops, freshly painted and vinyl flooring throughout. The house is conveniently located to downtown, train station and all major highways. Don't miss out on this great opportunity.
  1. Listed by Joseph Amen • Oakmont Realty Group
    P: 201-218-3142 joe.amen@oakmontrg.com
  2. Listed by Owen West • Oakmont Realty Group
    P: 917-952-0609 C: 917-952-0609 owenwest44@gmail.com

Amenities

  • Air Conditioning
  • Baseboard Heating
  • Basement
  • Ceramic Floors
  • Full Basement
  • Gas Heat
  • Granite Kitchen Counter
  • Hot Water Heating

Location

Listing Courtesy of Oakmont Realty Group
Add your commute
LISTING UPDATED: 04/28/2024 12:33 AM

Property Details for 586 Smith Street

StatusActive
MLS #1356985
Days on Market12
Taxes$5,182 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1920
Lot Size0.06 AC / 2,400 SF
CountyProvidence County

Location

Listing Courtesy of Oakmont Realty Group
Add your commute

Building Information for 586 Smith Street

Stories-Residences2Year Built1920Building Size-Lot Size0.06 AC / 2,400 SF

Payment Calculator

$3,319 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,887

Property Taxes

$432

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 586 Smith Street

Summary
Location and General Information
  • City: Providence
  • Postal City: Providence
  • Postal Code: 02908
  • State Or Province: RI
  • Human Modified Y N: No
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: $5,182.00
  • Tax Assessed Value: 291100
  • Tax Lot: 179
  • Tax Year: 2023
Property
Lot Information
  • Above Grade Fin SQFT: 3096.0
  • Building Area Total: 3096.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.0551
  • Lot Size Area: 2400.0
  • Lot Size Square Feet: 2400.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 586SMITHSTPROV
  • Stories Total: 0
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community Y N: No
  • Year Built: 1920
  • C L I P: 8,853,489,707
Utilities
  • Electric: Item100Amp Service
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Gas Water Heater
  • Basement: Full, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 7
  • Cooling: Wall Units
  • Cooling Y N: Yes
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Ceramic Tile, Vinyl
  • Heating: Baseboard, Gas
  • Heating Y N: Yes
  • Interior Features: Tub Shower
  • Rooms Total: 15
Multi Family
Income & Expenses Information
  • Operating Expense: $15,000.00
Unit 1 Information
  • Actual Rent: $3,000.00
  • Occupant Type: Vacant
  • Unit Type Area: 1548.0
  • Baths Total: 2
  • Beds Total: 5
  • Num of Full Baths: 2
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $1,600.00
  • Description: tenant moving out at the end of the month
  • Occupant Type: Vacant
  • Unit Type Area: 774.0
  • 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

Property History for 586 Smith 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 586 Smith Street

Taxable ValueLand$101,700Additions$189,400Total$291,100
Tax Record2023$5,342 ($445 / month)
Home Facts
Baths3Total Finished SqFt1,548 SqFtAbove Grade Finished SqFt1,548 SqFtUnfinished Basement SqFt774 SqFtStories2Lot Size2,208 SqFtStyleDuplexYear Built1920ZoningR-4CountyPROVIDENCEAPNPROV M:82 L:179

Schools near 586 Smith 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 - K to 5
Rating
School
Distance
Charles N. Fortes Elementary School
PublicPK to 1

asa messer elementary school
PublicPK to 4

Martin Luther King El. School
PublicPK to 5

Harry Kizirian Elementary School
PublicK 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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586 Smith Street is a multi-family home for sale in Providence, RI 02908. This property was listed for sale on April 17, 2024 by Oakmont Realty Group, it's currently listed at $529,000. It has been on the market for a total of 12 days and was last sold on September 15, 2022. This listing's school district is Providence School District. Nearby schools include Charles N. Fortes Elementary School, asa messer elementary school and Martin Luther King El. School. 586 Smith Street is a 7-bed, 3-bath, 3,096 sqft multi-family home built in 1920.

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 Oakmont Realty Group

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.