56 Ivy Street, Providence, RI 02906
Local realty services provided by:ERA Key Realty Services
Listed by: christine dupuis
Office: mott & chace sotheby's intl.
MLS#:1403353
Source:RI_STATEWIDE
Price summary
- Price:$1,150,000
- Price per sq. ft.:$291.58
About this home
Turnkey income producing 3 family investment! This well-maintained multi-family property offers strong income potential and long-term value. Major capital improvements already completed with a 2 1/2 yr old roof, and hard wired smoke detectors for code compliance. Each unit is spacious and thoughtfully designed with separate entrances, generous layouts, abundant natural light, and functional kitchens and living areas ideal for today's renters. In addition to the 3 units, there is also a first floor art studio with bath, and a second level office and flex space. The basement has plenty of storage, a workshop, and coin-op washer and dryer. The property also features a rare large, private fenced yard - an added bonus for tenants and owner occupied alike! Tenants enjoy convenient access to nearby shopping, dining, schools, and major transportation routes, making this a highly desirable location. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property presents a rare and versatile opportunity. The current owners have primarily chosen mid-term monthly rentals that have included utilities however each unit is separately metered proving flexibility. Taxes are based on owner occupied rate. Owners will sell fully furnished if desired.
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Home facts
- Year built:1900
- Listing ID #:1403353
- Added:22 day(s) ago
- Updated:February 10, 2026 at 03:07 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:4
- Full bathrooms:4
- Living area:3,944 sq. ft.
Heating and cooling
- Cooling:Window Units
- Heating:Baseboard, Forced Air, Gas, Hydro Air, Steam
Structure and exterior
- Year built:1900
- Building area:3,944 sq. ft.
- Lot area:0.13 Acres
Utilities
- Water:Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$1,150,000
- Price per sq. ft.:$291.58
- Tax amount:$6,732 (2025)
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