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31 Bancroft ST Providence, RI 02909
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Key Details
Sold Price $535,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,998 sqft
Price per Sqft $178
Subdivision Silver Lake
MLS Listing ID 1390253
Sold Date 09/15/25
Bedrooms 6
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 2,998
Year Built 1920
Annual Tax Amount $6,116
Tax Year 2024
Lot Size 7,400 Sqft
Acres 0.1699
Property Sub-Type Multi Family
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.
Location
State RI
County Providence
Community Silver Lake
Rooms
Basement Full, Interior Entry, Unfinished
Interior
Interior Features Tub Shower
Heating Baseboard, Gas, Steam, Zoned
Cooling Ductless
Flooring Ceramic Tile, Hardwood, Vinyl
Fireplaces Type None
Fireplace No
Appliance Dryer, Gas Water Heater, Oven, Range, Refrigerator, Washer
Laundry Common Area
Exterior
Exterior Feature Deck, Paved Driveway
Community Features Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks
Utilities Available Sewer Connected
Porch Deck
Total Parking Spaces 4
Garage No
Building
Lot Description Corner Lot
Foundation Stone
Sewer Connected
Water Connected
Structure Type Drywall,Plaster,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 3133BANCROFTSTPROV
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