$645,000

31 Gilmore Street, Providence, RI 02907

6 beds |
3 baths |
2,835 sqft

Multi-Family Home
Built in 1930
3,485sqft lot
—— car garage
$228/sqft
Listed 1 month ago

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.

Listing Status:: Active
Date Added:: May 4, 2026
Data Last Updated:: June 6, 2026 at 5:16AM
Listing Office:: Century 21 Visionary Group : 401-380-6020
MLS ID:: 1411713

General: AtticTub Shower
Appliances: Gas Water HeaterMicrowaveOvenRangeRefrigerator
Basement: Exterior EntryFullInterior EntryUnfinished
Flooring: Ceramic TileLaminate
A/C: None
Heating: BaseboardGasHot Water
Fireplace: Fireplaces: 0

Style: Stacked
Parking: No GarageParking spaces: 6

General: Vinyl Siding3Combination

Originating MLS: RIS_RIS
County: Providence

Zoning: 31GILMORESTPROV
Fencing: Fenced

Utilities: Sewer Connected100 Amp ServiceCircuit Breakers
Water: Connected
Sewer: Connected

Source: RIS_RIS

This listing courtesy of Century 21 Visionary Group

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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