664 Plainfield Street

Providence, RI 02909

$1,100,000
Price
6
Beds
4
Baths
12,504 Sq. Ft.
$88 / Sq. Ft.
12,504
Sq. Ft.
$88
per Sq. Ft.

Description

Incredibly rare investment opportunity in Providence, a unique dual-building parcel. Nestled in the heart of Providence, this exceptional property presents a rare chance for discerning investors. Boasting two distinct buildings on a single lot, this offering combines immediate income potential with future growth prospects. The first building is completely occupied, housing 2 commercial units and 3 residential dwellings. Meanwhile, the second building is currently in the construction stage, about...Incredibly rare investment opportunity in Providence, a unique dual-building parcel. Nestled in the heart of Providence, this exceptional property presents a rare chance for discerning investors. Boasting two distinct buildings on a single lot, this offering combines immediate income potential with future growth prospects. The first building is completely occupied, housing 2 commercial units and 3 residential dwellings. Meanwhile, the second building is currently in the construction stage, about 70% completed and will also have 2 commercial units with 4 residential dwellings. With a total of eleven units spread across both buildings, the potential for substantial profitability is undeniable. The completed, corner building includes 3 three-bedroom units that are updated and properly maintained with 2 storefront units currently operating. Unfinished building pro forma rent is $9,000. NOI is $160,000. Seize this opportunity to diversity your portfolio and capitalize on Providence's real estate market.
  1. Listed by Kyle Seyboth • Century 21 The Seyboth Team
    P: 508-726-3492 kyle@seybothteam.com

Amenities

  • Baseboard Heating
  • Basement
  • Ceramic Floors
  • Full Basement
  • Gas Heat
  • Hot Water Heating
  • Laminate Floors

Location

Listing Courtesy of Century 21 The Seyboth Team
Add your commute
LISTING UPDATED: 04/29/2024 01:00 AM

Property Details for 664 Plainfield Street

StatusActive
MLS #1353690
Days on Market60
Taxes$18,966 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1909
Lot Size0.12 AC / 5,227 SF
CountyProvidence County

Location

Listing Courtesy of Century 21 The Seyboth Team
Add your commute

Building Information for 664 Plainfield Street

Stories-Residences4Year Built1909Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$7,584 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$1,581

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 664 Plainfield Street

Summary
Location and General Information
  • City: Providence
  • Postal City: Providence
  • Postal Code: 02909
  • 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: 0
Taxes and HOA Information
  • Tax Annual Amount: $18,966.00
  • Tax Assessed Value: 516800
  • Tax Lot: 33
  • Tax Year: 2023
Property
Lot Information
  • Above Grade Fin SQFT: 12504.0
  • Building Area Total: 12504.0
  • Living Area Source: Owner
  • Lot Size Acres: 0.12
  • Lot Size Area: 5227.0
  • Lot Size Square Feet: 5227.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Parcel Number: 664PLAINFIELDSTPROV
  • Stories Total: 0
  • Structure Type: Apartment
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 4
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community Y N: No
  • Year Built: 1909
  • C L I P: 9,100,536,244
Utilities
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Interior Features
  • Appliances: Water Heater
  • Basement: Full, Finished, Interior Entry
  • Basement Y N: Yes
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 6
  • Cooling: None
  • Cooling Y N: No
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Ceramic Tile, Laminate
  • Heating: Baseboard, Gas
  • Heating Y N: Yes
  • Rooms Total: 10
Multi Family
Income & Expenses Information
  • Operating Expense: $32,000.00
Unit 1 Information
  • Actual Rent: $2,200.00
  • Type: Item3Bedroom
  • Unit Type Area: 1138.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $2,400.00
  • Type: Item3Bedroom
  • Unit Type Area: 1138.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $1,300.00
  • Unit Type Area: 557.0
  • Baths Total: 1
  • Beds Total: 0
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 4 Information
  • Actual Rent: $1,300.00
  • Unit Type Area: 557.0
  • Baths Total: 1
  • Beds Total: 0
  • 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 664 Plainfield 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 664 Plainfield Street

Taxable ValueLand$86,300Additions$173,400Total$259,700
Home Facts
Baths2Total Finished SqFt3,947 SqFtAbove Grade Finished SqFt3,947 SqFtStories3Lot Size5,040 SqFtStyleOffice BuildingYear Built1909ZoningC-1CountyPROVIDENCEAPNPROV M:110 L:33

Schools near 664 Plainfield 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 1
Rating
School
Distance
Charles N. Fortes Elementary School
PublicPK to 1

asa messer elementary school
PublicPK to 4

Anthony Carnevale Elementary School
PublicPK to 5

Frank D. Spaziano Annex Elementary School
PublicK to 1

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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664 Plainfield Street is a multi-family home for sale in Providence, RI 02909. This property was listed for sale on February 28, 2024 by Century 21 The Seyboth Team, it's currently listed at $1,100,000. It has been on the market for a total of 60 days and was last sold on July 9, 2014. This listing's school district is Providence School District. Nearby schools include Charles N. Fortes Elementary School, asa messer elementary school and Anthony Carnevale Elementary School. 664 Plainfield Street is a 6-bed, 4-bath, 12,504 sqft multi-family home built in 1909.

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 Century 21 The Seyboth Team

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.