Property profile

109 Somerset St Providence, RI 02907

OFF-MARKET
Other specialty properties
Property ID
US76-0074514
2,974 SF 0.11 ac lot Built 1920
Individually Owned Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Other specialty properties
Use group CHARITABLE ORGANIZATION
Year built 1920
Construction FRAME
Total area 2,974 SF
Lot 0.11 ac (5,000 SF)
Zoning code R-3
APN PROV M:23 L:539
UPID US76-0074514

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

109 Somerset St Providence, RI 02907-1031
Providence metro Census 700 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2026
2 recorded transactions
2026
$350,000
2021
Price N/A

Zoning & alternative use

R-3 · Providence, RI
Zoning description

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…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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