Description
31 Bancroft Street,
Providence,
RI
02909
Well-maintained 3-family home featuring 6 beds & 3 baths with major updates throughout. Roof replaced in 2020. Apartment 31 (top floor) was completely renovated down to the studs in 2021new electrical, plumbing, insulation, flooring, fixtures & appliances. Apartment 31 (bottom floor) fully gutted and renovated in 2022 with the same level of upgrades. Apartment 33 includes a fully remodeled bathroom and updated electrical. Basement professionally repointed in 2021, ensuring a solid foundation. One boiler replaced in 2024; the other is approx. 8 years old. Two electrical panels: Unit 33 is separately metered and pays its own electric. Units 31 top & bottom include heat, hot water & electricity in rent. Entire property is hardwired for smoke & carbon monoxide detection. Strong rental potential with minimal future maintenance. Airbnb shows average nightly rates of approx. $100 for a 1-bed unit and $186 for a 4-bed, adding short-term rental potential. Perfect for investors or owner-occupants looking for turnkey income. Convenient location near amenities, public transit & highways. A rare opportunity to own a fully updated, structurally sound 3-family with long-term value and multiple income strategies.
This is an Active listing.
Broker Office Phone Number: 401-943-6111
Copyright © 2025State Wide MLS of Rhode Island, Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Deck
- Refrigerator
- Tile Flooring
- Vinyl Flooring
- Hardwood Flooring
- Dryer Included
- Steam Heat
- Ceramic Flooring
Listing By: Re/Max 1st Choice via Data Source: State Wide MLS of Rhode Island, Inc.
Multi-Family Home
Property type
Providence
School District
Providence
School District
providence-providence-ri
Schools
listing agent: Jay Rezendes