Back 25 Piedmont Street
Off Market

25 Piedmont Street

Providence RI 02909

6
3
46
5212 sq. ft.
7405 sq. ft.
Multi-Family
Last sold for $625,000
Michael SaccoccioMichael Saccoccio, last sold this property on 22 November 2021 after 279 days on market.

Overview

A very unique redevelopment opportunity? Investors and Builders take note ! This listing is one of Federal Hills largest lots consisting of 7405 sq. ft. this long time family-owned 3 family has been renovated and in good shape. On the property is a 2 car garage along with a 938 sq. ft. annex building that has additional 3 garage stalls and 2 floors of storage. Also included is an adjacent lot on Marcello St that, this vacant lot is currently used as a parking lot for local residents that pay $150 a month per space which is estimated to have 10 car parking. This is an outstanding opportunity to own a 3 family and house your business in the adjacent barn/annex building. Seller will work with someone to cooperate with new buyers to obtain the required zoning to do a new redevelopment project. Ideal Project or Highest and best Use would be tear down the existing building and build a newer larger multi-family building that will be on the Piedmont/Marcello parcels.

Features

6 bedrooms
3 bathrooms
46 carspaces
5 garage spaces
5212 sq. ft. floor area
7405 sq. ft. lot size
Multi-Family

Estimated Value

Based on this property and similar 6 bedroom multi families sold in Providence over the last 12 months, the estimated median property value of 25 Piedmont Street is $625k.

Median value
$625k
Estimated value range
$350k - $865k
Median days on market
23
Estimated value trend
5%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Providence. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 25 Piedmont Street

2021
Sold
$625,000
22 Nov 2021 by Michael Saccoccio, of Coldwell Banker Res. Brokerage

Happy sellers in Providence

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We have insufficient information to provide an overview of customer satisfaction for Providence. Viewing the agent profiles, reviews and sales for Providence can provide insights for this location.

Local market activity for 6 bedroom multi families in Providence

In the last 12 months, 42 six-bedroom multi families similar to 25 Piedmont Street, have been sold.

This represents a 24% decrease in six-bedroom multi families sales when compared to the previous 12 months.

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