Financial
Distress signals
Property profile

40 Melrose St Providence, RI 02907

OFF-MARKET
Showrooms
Property ID
US76-0044482
2,900 SF 0.11 ac lot Built 1911
Last sale Sep 2023 · $508,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value$300k
Assessed land$53k
Assessed improvement$247k
Effective rate3.51%

Value estimate

· Sep 2026
$415k
$374k – $457k
AI approach$525k
CAP approach$630k
Sales comparison$521k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$159/SF
ZIP average, outlier-cleaned · 69 recorded sales of this use type
Observed band · Q1–Q3$100 – $213
Qualifying comparables14

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R-2
JurisdictionPROVIDENCE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency25.9
Skin Care Clinic12.2
Law Firm11.6

Location

40 Melrose St Providence, RI 02907-1632
County assessor Recorded deeds · 4 transfers 14 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
520 Elmwood, Providence, RI 02907-1701 $1,300,000 May 2025 3,358 SF
173 Niantic, Cranston, RI 02907-3119 $270,000 Feb 2025 2,564 SF
183 Elmwood, Providence, RI 02907-1427 $215,000 Jan 2025 2,181 SF
1200 Elmwood, Providence, RI 02907-3716 $580,000 Oct 2024 2,200 SF
591 Elmwood, Providence, RI 02907-1812 $440,000 Mar 2024 2,528 SF
400 Elmwood, Providence, RI 02907 $657,500 Aug 2023 2,344 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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