Property summary
109 Somerset St is a three-story corner property at the intersection of Tanner and Somerset that was originally constructed in the 1920s as a multi-family residence. It sits on a 5,000 sq ft parcel (0.1148 acres) and contains approximately 2,900 sq ft of heated living space, with the original floor plan and character-defining features still present. The building has historically been used as an office and currently does not include bathroom showers or bathtubs. Utilities include one 200-amp electrical panel, two gas meters with furnaces, and connections to city water and sewer. The property is subject to an easement supporting neighborhood gardens managed by Southside Community Land Trust. It is located near schools, hospitals, recreation facilities, restaurants, and highways and offers potential for use as either a single-family or multi-family dwelling, consistent with its residential configuration.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of the R-3 Residential District is intended for higher density residential areas of detached single family, two family and three family residential development as well as rowhouse development, additionally, l…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R-3 · Providence, RIThe purpose of the R-3 Residential District is intended for higher density residential areas of detached single family, two family and three family residential development as well as rowhouse development, additionally, l…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of the R-3 Residential District is intended for higher density residential areas of detached single family, two family and three family residential development as well as rowhouse development, additionally, l…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-3 in Providence, RI.
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