Sold

Closed

71 Olney Street

Providence RI, 02906

$1,525,000


$326.48 per sqft

Sold

Closed

15 Beds

7 Baths

4,671 sqft

Multi-family

Built in 1920

**The property is being sold in a package with 173 Prospect St, MLS#1360296. Both properties must be purchased together, total price $3,300,000**

173 Prospect Street and 71 Olney Street present a unique turn-key investment opportunity with 30 Bedrooms and 14 bathrooms, primarily rented to graduate students from Brown University, RISD, and JWU. Both properties have been renovated with new electrical service and wiring, plumbing, HVAC, hardwired sprinkler system and alarm system, new kitchens, appliances, and bathrooms. 8 parking spaces. These units are fully furnished and rented by the bedroom, each individual lease is co-signed. This is a great addition to any portfolio. Conveniently located near the Universities, Whole Foods, and highway.

1360300

MLS ID

May 29, 2024

Listed

October 5, 2024

Updated

Map

71 Olney Street
Providence RI, 02906

Interior Features

Total Stories

0


Bedrooms

15


Total Bathrooms

7


Full Bathrooms

7


Appliances

Electric Water Heater


Floor Description

Hardwood


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Gas

Exterior/Building Features

Lot Size

0.06 Acres


Sewer

Public Sewer

Other Property Details

Taxes

$18,420


Tax Frequency

Annually


Days on Market

69


Garage

No


Parking

No Garage


Parking Total

4


View

No


County

Providence


Water Source

Public


Pool

No


Zoning

R-3

Listing History

Date

Event

Price

10/2/2024

Sold

$1,525,000

8/7/2024

Pending

 

Courtesy of William Raveis Inspire

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Sotheby’s International Realty are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

©2024 State-Wide MLS, Inc. All rights reserved.

Data last updated 12:59 AM UTC, 10/5/2024.

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