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Emilio DiSpirito

emilio.dispirito@engelvoelkers.com +1(401) 359-2338

$ 649,000

Est. payment -/mo

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Active Under Contract

31 Gilmore ST Providence, RI 02907

6 Beds

3 Baths

2,835 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,835 sqft

Price per Sqft $228

MLS Listing ID 1411713

Style Stacked

Bedrooms 6

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 2,835

Year Built 1930

Annual Tax Amount $5,466

Tax Year 2025

Contingent Inspection Period

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type Multi Family

Property Description

This well-maintained 6-bedroom 3-bathroom multifamily property presents a strong investment opportunity for both owner occupants and traditional investors. "The Gilmore" is currently operated as a successful short term rental property, generating 6 figure rental income. This property can also be operated as a traditional multi-family rental with estimated rent roll exceeding $57k. This can also be a great opportunity for multi-generational and owner-occupied living while building equity. Recent capital improvements include the installation of two new boilers, blow-in insulation for efficiency, a new water main, and no-maintenance PEX plumbing throughout. If the buyer wishes to continue operating the property as a short term rental, the seller is willing to stay onboard to support the transitional period and offer consulting as part of the transaction. Furnishings, linens, and all fixtures (excluding artwork) are negotiable. Established operational systems, including housekeeping, laundry services, and a dedicated handyman, are in place to support continued operations if the buyer chooses to continue with short term rentals. This property can be delivered as a turn-key short term rental, or vacant and ready for its new owner and tenants.

Location

State RI

County Providence

Rooms

Basement Exterior Entry, Full, Interior Entry, Unfinished

Interior

Interior Features Attic, Tub Shower

Heating Baseboard, Gas, Hot Water

Cooling None

Flooring Ceramic Tile, Laminate

Fireplaces Type None

Fireplace No

Appliance Gas Water Heater, Microwave, Oven, Range, Refrigerator

Exterior

Fence Fenced

Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Shopping, Sidewalks

Utilities Available Sewer Connected

Total Parking Spaces 6

Garage No

Building

Foundation Combination

Sewer Connected

Water Connected

Architectural Style Stacked

Structure Type Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 31GILMORESTPROV

Virtual Tour https://tour.RiLiving.com/31-Gilmore-Street-Providence-RI-02907

Listed by Century 21 Visionary Group

NEARBY SCHOOLS & PROPERTIES

Emilio DiSpirito

License Partner | Private Office Advisor | License ID: S35582

+1(401) 359-2338

Emilio DiSpirito

31 Gilmore ST Providence, RI 02907

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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31 Gilmore ST