36 Pratt Street

Description

A rare investment opportunity in the heart of sought-after College Hill. This fully renovated 3-family offers two oversized 4-bedroom, 2-bath units and one 3-bedroom, 2-bath unit with loft space, totaling 3,364 sq ft of modern, high-demand living space. Each unit is move-in ready with updated kitchens featuring stainless appliances, granite counters, and smart layouts, plus stylish baths and in-unit laundry. The property has lead certificates, is fully fire-coded, and was completely rehabbed in 2021 with all work permitted and inspected by the City of Providence. Major updates include a new roof, windows, brand-new decks with Trex, a repointed and reinforced stone and brick foundation, and updated plumbing, electrical, and HVAC. The basement crawl space has no mechanicals; all mechanicals are located in-unit with combo tankless hot water and heating systems, plus central air throughout making it ideal for a future condo conversion exit strategy. Outdoor spaces include private balconies with stellar views and a common patio overlooking the State House and downtown skyline. The train station and Downtown Providence are just down the hill, with Brown University and RISD just up the hill. The property generates $130,800 annually with 0% vacancy. Whether held as a high-performing rental property or converted to condominiums, 36 Pratt Street offers unmatched potential in one of Providence's most desirable neighborhoods.