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    171 Reynolds Ave Providence, RI 02905

    For Sale
    $850,000

    MULTI_FAMILY - Providence, RI

    Type:Apartment
    Lot size:
    0.07 Acres
    Days on Market:
    57
    Last Refresh:
    Dec 15 at 6:06 am

    Property Features for 171 Reynolds Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    02 - 2-5
    Rooms
    Bedroom 10, Bedroom 5, Bedroom 15, Bathroom 4, Bedroom 9, Bedroom 7, Bedroom 4, Bedroom 6, Bathroom 5, Basement, Bedroom 12, Bedroom 8, Bedroom 11, Bathroom 1, Bathroom 3, Bedroom 13, Bedroom 1, Bedroom 14, Bedroom 3, Bathroom 2, Bedroom 2
    Bedrooms
    15
    Bathrooms
    4
    Parking
    3
    Parking features
    Garage
    Interior features
    Attic, Attic Stairs, Stairs, Plumbing (Copper), Plumbing (Mixed), Plumbing (PVC), Insulation (Ceiling), Insulation (Floors), Insulation (Walls)
    Appliances
    Dryer, Range Hood, Microwave, Oven/Range, Refrigerator, Washer
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Electric (Heating), Baseboard, Radiant, Natural Gas
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1922
    Floors in Building
    4
    Number of units
    3
    Flooring type
    Laminate, Vinyl, Hardwood
    Building materials
    Vinyl Siding

    The Entry Only Listing Service of Rhode Island (877) 249-5478 [email protected]

    Listing agent Jason Saphire (877) 249-5478

    Listing date Oct 20, 2025

    Copyright © 2025 State 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.

    Overview

    Providence Multifamily Investment Opportunity

    This multifamily property features three legal units and a fully finished fourth floor with a separate entrance. Each unit is equipped with a washer and dryer, installed in 2024. Unit 1 is a four-bedroom, one-bathroom unit currently rented for $2,000 per month, with the tenant responsible for all utilities. Unit 2 is also a four-bedroom, one-bathroom unit, currently rented for $2,000 per month for a single occupant, but previously rented for $2,500 per month with multiple occupants; the tenant pays all utilities. Unit 3 is a three-bedroom, one-bathroom unit, currently vacant but previously rented for $1,800 per month, with the landlord covering electricity and the tenant paying for gas and other utilities. The fourth-floor unit includes four bedrooms and one and a half bathrooms, rented for $2,200 per month. This unit was renovated in 2024 with new Lifeproof flooring, granite countertops, and new lighting. The landlord pays for electricity, and the tenant covers all other utilities. The property also features an unfinished, full-height basement. As of May 2025, the total potential rent for all units was $8,400. The property includes stacked parking for three to four cars, a small fenced area, solar exterior lights, new vinyl siding, a newer roof, and several newer appliances in the units. The lot size is 0.0735 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.417851
    Latitude
    41.804044

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    FAQs

    What type of property is this?
    Quadplex - Three legal units with a finished fourth floor.
    Where is this quadplex located?
    The property is located at 171 Reynolds Ave Providence, RI.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - High income potential: As of May 2025, the total rent for the building with all of the units rented was $8,400.; - Four legal units, offering diverse rental opportunities.; - Each unit includes its own washer and dryer (added in 2024).
    (877) 249-5478
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    Providence, RI 02905
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    171 Reynolds Ave Providence, RI 02905
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