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56 Ivy Street

Providence, RI 02906
  • $1,150,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 1403353
$1,150,000
  • 7
    BEDS
  • 0.13
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,944
    SQFT
  • $292
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Description

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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[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Lavonne Lopes Group | Keller Williams Coastal are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lavonne Lopes Group | Keller Williams Coastal. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-02-15T23:37:31.803.
www.lavonnelopes.com/homes/172362480
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56 Ivy Street Providence, RI 02906

  • Price: $1,150,000
  • Status: Active
  • On Site: 25 Days
  • MLS #: 1403353
7
Beds
4
Baths
0
½ Baths
0.13
Acres
3,944
SQFT
$292
$/SQFT
1900
Built
Neighborhood:
East Side
County:
Providence
Area:
Providence
Property Description
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.
Exterior Features

Architectural Style Stacked Construction Materials Plaster Clapboard Covered Spaces 0 Fencing Fenced Foundation Details Brick / Mortar Stone Garage YN No Parking Features No Garage Parking Total 4

Interior Features

Appliances Dryer Gas Water Heater Microwave Oven Range Refrigerator Water Heater Washer Basement Exterior Entry Full Interior Entry Unfinished Basement YN Yes Cooling Window Unit(s) Cooling YN Yes Fireplace YN No Fireplaces Total 0 Flooring Ceramic Tile Hardwood Furnished Furnished Heating Baseboard Forced Air Gas Hydro Air Steam Heating YN Yes Interior Features Attic Permanent Attic Stairs Storage Tub Shower Furnished

Property Features

Community Features Golf Highway Access Marina Near Hospital Near Schools Other Public Transportation Recreation Area Restaurant Shopping See Remarks Tennis Court(s) Electric 200+ Amp Service Circuit Breakers Separate Meters Human Modified YN No Inclusions First floor entry chandelier does not convey. Land Lease YN No Laundry Features Common Area New Construction YN No Operating Expense 16008.84 Property Sub Type Multi Family Senior Community YN No Sewer Connected Tax Annual Amount 6731.64 Tax Assessed Value 957700 Tax Lot 130 Tax Year 2025 Utilities Sewer Connected Water Source Connected

[Rhode Island Statewide MLS] logo Listing information © 2026 State-Wide Multiple Listing Service.
Listing provided courtesy of Mott & Chace Sotheby's Intl.: .



[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Lavonne Lopes Group | Keller Williams Coastal are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lavonne Lopes Group | Keller Williams Coastal. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-02-15T23:37:31.803.
 
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The Lavonne Lopes Group | Keller Williams Coastal
501 Centerville Rd. Suite 201
Warwick RI, 02886