$1,029,000

56 Ivy Street, Providence, RI 02906

  • 7 beds |
  • 4 baths |
  • 3,944 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon5,663sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $261/sqft
  • Property List Date Icon Listed 14 days ago

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.

Listing Status:
Active
Date Added:
February 18, 2026
Data Last Updated:
March 4, 2026 at 7:15AM
Listing Office:
Mott & Chace Sotheby's Intl. : 401-314-3000
MLS ID:
1405134
  • General: AtticPermanent Attic StairsStorageTub ShowerFurnished
  • Appliances: DryerGas Water HeaterMicrowaveOvenRangeRefrigeratorWater HeaterWasher
  • Laundry: Common Area
  • Basement: Exterior EntryFullInterior EntryUnfinished
  • Flooring: Ceramic TileHardwood
  • A/C: Window Unit(s)
  • Heating: BaseboardForced AirGasHydro AirSteam
  • Fireplace: Fireplaces: 0
  • Style: Stacked
  • Parking: No GarageParking spaces: 4
  • General: PlasterClapboardVinyl Siding3Brick/MortarStone
  • Originating MLS: RIS_RIS
  • County: Providence
  • Zoning: 56IVYSTPROV
  • Fencing: Fenced
  • Utilities: Sewer Connected200+ Amp ServiceCircuit BreakersSeparate Meters
  • Water: Connected
  • Sewer: Connected
  • Source: RIS_RIS

This listing courtesy of Mott & Chace Sotheby's Intl.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Martin Luther King Elementary School

35 Camp St, Providence, RI, 02906

Grades PK-5

0.32 miles away

N

Nathan Bishop Middle School

101 Sessions St, Providence, RI, 02906

Grades 6-8

0.40 miles away

H

Hope High School

324 Hope St, Providence, RI, 02906

Grades 9-12

0.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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