CCertihomes
173 Prospect, Providence, RI 02906

$1,650,000

15 beds 7 baths Built 1900Active

About this home

**The property is being sold in a package with 71 Olney St, MLS#1360300. Both properties must be purchased together, total price $3, 300, 000** 173 Prospect Street and 71 Olney Street present a unique turn-key investment opportunity with 30 Bedrooms and 14 bathrooms, primarily rented to graduate students from Brown University, RISD, and JWU. Both properties have been renovated with new electrical service and wiring, plumbing, HVAC, hardwired sprinkler system and alarm system, new kitchens, appliances, and bathrooms. 8 parking spaces. These units are fully furnished and rented by the bedroom, each individual lease is co-signed. This is a great addition to any portfolio. Conveniently located near the Universities, Whole Foods, and highway.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$16,438/mo

Real estate (PITI + HOA + PMI)
$12,120
Principal + interest$7,483
Property tax + insurance$4,018
PMI / 2nd mortgage$619
Utilities
$9,360
Heating + cooling$4,527
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$162
Car insurance + maintenance$162
Other (entertainment)
$140
$16,438/mo TLC
Budget$16,938/mo
Remaining after TLC$500/mo
Purchase price
$1,650,000
Down payment
$82,500 (5%)
Loan amount
$1,567,500
APR
4%

Quick facts

Type
Rental
Style
Year built
1900
Lot size
0.1191 ac
Stories
3
Heating
Natural Gas, Forced Air
Cooling
Central Air
Water
Public
HOA
Annual tax
$19,479
MLS #
1360296
County
Providence

At a glance

Air conditioning
Basement

Home features

Appliances
Electric Water Heater
Parking
No Garage
Flooring
Hardwood
Sewer
Public Connected

Neighborhood — 02906

MetricThis ZIPCountyUSA
Population27,4391,095,423299,088,112
Population Change Since19905.00%9.00%20.00%
Population Density8,328994
Male12,990529,266147,432,321
Female14,449566,157151,655,844
Never Married11,048266,40463,775,926
Married8,753435,678123,120,365
Separated1,02143,64212,639,686
Widowed1,50766,66815,467,586
Divorced1,75683,84323,075,029
Number Of House Hold12,165410,399111,826,380
Average House Hold Size2.072.562.60
Medial Age32.6337.2735.46
Median House Hold Income$50,835$47,553$48,276
Average House Hold Income$89,945$61,609$63,629
P C I$41,852$23,965$24,529
M D I$43,123$40,634$41,133
A T H E$63,958$49,940$50,898
S T R7.00%7.00%
W C J84.35%78.02%77.74%
(Zip) Code
2906

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 5/29/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.

173 Prospect · Providence — $1,650,000 · Certihomes