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31 Bancroft Street

Providence, RI 02909
  • $609,900
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 1386782
UPDATED: 23 min ago
$609,900
  • 6
    BEDS
  • 0.17
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,998
    SQFT
  • $203
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Ratings & Info

Description

Well-maintained 3-family home featuring 6 beds & 3 baths with major updates throughout. Roof replaced in 2020. Apartment 31 (top floor) was completely renovated down to the studs in 2021 new electrical, plumbing, insulation, flooring, fixtures & appliances. Apartment 31 (bottom floor) fully gutted and renovated in 2022 with the same level of upgrades. Apartment 33 includes a fully remodeled bathroom and updated electrical. Basement professionally repointed in 2021, ensuring a solid foundation. One boiler replaced in 2024; the other is approx. 8 years old. Two electrical panels: Unit 33 is separately metered and pays its own electric. Units 31 top & bottom include heat, hot water & electricity in rent. Entire property is hardwired for smoke & carbon monoxide detection. Strong rental potential with minimal future maintenance. Airbnb shows average nightly rates of approx. $100 for a 1-bed unit and $186 for a 4-bed, adding short-term rental potential. Perfect for investors or owner-occupants looking for turnkey income. Convenient location near amenities, public transit & highways. A rare opportunity to own a fully updated, structurally sound 3-family with long-term value and multiple income strategies.

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[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Quinn Group at RE/MAX RESULTS are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Quinn Group at RE/MAX RESULTS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-06-15T10:37:50.263.
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31 Bancroft Street Providence, RI 02909

  • Price: $609,900
  • Status: Active
  • On Site: 10 Days
  • Updated: 23 min ago
  • MLS #: 1386782
6
Beds
3
Baths
0
½ Baths
0.17
Acres
2,998
SQFT
$203
$/SQFT
1920
Built
Neighborhood:
Silver Lake
County:
Providence
Area:
Providence
Property Description
Well-maintained 3-family home featuring 6 beds & 3 baths with major updates throughout. Roof replaced in 2020. Apartment 31 (top floor) was completely renovated down to the studs in 2021 new electrical, plumbing, insulation, flooring, fixtures & appliances. Apartment 31 (bottom floor) fully gutted and renovated in 2022 with the same level of upgrades. Apartment 33 includes a fully remodeled bathroom and updated electrical. Basement professionally repointed in 2021, ensuring a solid foundation. One boiler replaced in 2024; the other is approx. 8 years old. Two electrical panels: Unit 33 is separately metered and pays its own electric. Units 31 top & bottom include heat, hot water & electricity in rent. Entire property is hardwired for smoke & carbon monoxide detection. Strong rental potential with minimal future maintenance. Airbnb shows average nightly rates of approx. $100 for a 1-bed unit and $186 for a 4-bed, adding short-term rental potential. Perfect for investors or owner-occupants looking for turnkey income. Convenient location near amenities, public transit & highways. A rare opportunity to own a fully updated, structurally sound 3-family with long-term value and multiple income strategies.
Exterior Features

Construction Materials Drywall Plaster Vinyl Siding Covered Spaces 0 Exterior Features Deck Paved Driveway Foundation Details Stone Garage YN No Lot Features Corner Lot Parking Features No Garage Parking Total 4 Patio And Porch Features Deck

Interior Features

Appliances Dryer Gas Water Heater Oven Range Refrigerator Washer Basement Full Interior Entry Unfinished Basement YN Yes Cooling None Cooling YN No Fireplace Features None Fireplace YN No Fireplaces Total 0 Flooring Ceramic Tile Hardwood Vinyl Heating Baseboard Gas Steam Zoned Heating YN Yes Interior Features Tub Shower

Property Features

Business Type Other Community Features Golf Highway Access Near Hospital Near Schools Public Transportation Recreation Area Restaurant Shopping Sidewalks Electric 100 Amp Service Circuit Breakers Human Modified YN No Inclusions DOES NOT MEET THE FHA SELF- SUFFICIENCY TEST - CASH OR CONVENTIONAL FINANCING ONLY Buyer and buyer's agent to do their own due diligence verifying all information. Please present offer on a purchase and sales agreementhave the lender fill out the questionnaireand email the offer in one filenot multiple files. Assessed Value reflects the 2025 change with a proposed tax rate of $8.25 /$14.40 owner /investor. Land Lease YN No Laundry Features Common Area New Construction YN No Operating Expense 10164 Owner Pays Hot Water Property Sub Type Multi Family Senior Community YN No Sewer Connected Tax Annual Amount 6116 Tax Assessed Value 518800 Tax Lot 427 Tax Year 2024 Tenant Pays Hot Water Utilities Sewer Connected Water Source Connected

[Rhode Island Statewide MLS] logo Listing information © 2025 State-Wide Multiple Listing Service.
Listing provided courtesy of RE/MAX 1st Choice: .



[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Quinn Group at RE/MAX RESULTS are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Quinn Group at RE/MAX RESULTS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-06-15T10:37:50.263.
 
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