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Sold for $793,000 on 09/06/24
  • $793,000

    494 Academy Ave, Providence, RI 02908

    12beds
    3,300sqft
    Multi Family
    Built in 1920
    -- sqft lot
    $825,300 Zestimate®
    $240/sqft
    $2,547 Estimated rent

    Home value

    $825,300

    $726,000 - $933,000

    $2,547/mo

    Zestimate® history
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    What's special

    Great opportunity in the heart of desirable Elmhurst! Consistent yearly INCOME of $75,000 OR MORE for past 5 years. This three unit property features recently renovated 4 bedroom apartments with new kitchens and bathrooms as well as original hardwood floors! Kitchens provide new cabinets, granite countertops, and high end fixtures and lighting. This property provides plenty of opportunity for owner-occupants and investors alike. Each floor provides great porch space. Great landscaping surrounds this property for added curb appeal. Lovely yard space to enjoy the beautiful weather. Plenty of parking including a 2 car garage. Large clean basement with accommodating storage space, laundry area, and endless possibilities. Walk-up attic with room for possibilities. Heating and hot water only 5 years young! Roof is less than one year old! All utilities including washer/dryer are separate. This location is highly desirable, located in the heart of Elmhurst. Walk to LaSalle Academy, LaSalle Bakery, and Pleasant Valley Pkwy. Just a few short minutes to Provide College, Rhode Island College, Fatima & Roger Williams Hospital, The VA Medical Center, and Smith Hill Offices. 10 Minutes to Providence Place Mall, Train Station, RI, Hasbro, & Women & Infants Hospitals, Johnson & Wales University, and all of Providence nightlife. Less than 15 minutes to Brown, RISD, Butler Hospital, and more. TAXES DO NOT REFLECT HOMESTEAD OPEN HOUSE 7/21 CANCELED*****

    Zillow last checked: 8 hours ago

    Listing updated: September 12, 2024 at 07:07am

    Listed by:

    Shannon Weinstein 401-301-3819,

    RentProv Realty

    Bought with:

    Benjamin Ellis, RES.0048354

    Keller Williams Realty

    Source: StateWide MLS RI,MLS#: 1363733MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 3
    • Full bathrooms: 3
    Bathroom
    • Features: Bath w Tub & Shower
    Heating
    • Natural Gas, Baseboard
    Cooling
    • None
    Appliances
    • Included: Gas Water Heater
    • Laundry: Common Area
    Features
    • Wall (Dry Wall), Plumbing (PVC)
    • Flooring: Ceramic Tile, Hardwood
    • Basement: Full,Interior Entry,Unfinished,Laundry,Storage Space,Utility
    • Attic: Attic Stairs
    • Has fireplace: No
    Interior area
    • Total structure area: 3,300
    • Total interior livable area: 3,300 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Detached
    • Garage spaces: 2
    Features
    • Stories: 3
    • Patio & porch: Porch
    Lot
    • Size: 4,791 sqft
    Details
    • Parcel number: PROVM116L63
    • Special conditions: Conventional/Market Value

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Dry Wall, Shingles
    • Foundation: Brick/Mortar
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Electric: 100 Amp Service
    • Sewer: Public Sewer
    • Water: Municipal
    • Utilities for property: Sewer Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: Near Public Transport, Highway Access, Hospital, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping
    Location
    • Region: Providence
    • Subdivision: Elmhurst

    HOA & financial

    Other financial information
    • Total actual rent: 6300

    Price history

    DateEventPrice
    9/6/2024Sold$793,000+5.9%$240/sqft
    Source: StateWide MLS RI #1363733
    7/20/2024Pending sale$749,000$227/sqft
    Source: StateWide MLS RI #1363733
    7/14/2024Listed for sale$749,000-6.3%$227/sqft
    Source: StateWide MLS RI #1363733
    7/4/2024Listing removed--
    Source: StateWide MLS RI #1361437
    6/15/2024Listed for sale$799,000+207.3%$242/sqft
    Source: StateWide MLS RI #1361437

    Public tax history

    YearProperty taxesTax assessment
    2025$5,191 -28%$687,500 +74.9%
    2024$7,212 +3.1%$393,000
    2023$6,995 $393,000

    Find assessor info on the county website

    Neighborhood: Mount Pleasant

    Nearby schools

    GreatSchools rating
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    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $825,300
    2% more+ $16,506
    With Zillow Showcase(estimated)
    $841,806