122 Hope Street Providence, RI $ 2,250,000
122 Hope Street
$ 2,250,000
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122 Hope Street

Providence, RI, 02906
$ 2,250,000
Bedrooms8 Baths5.1 Sq 7,140

Monthly Estimate*

$ 15,717

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Multi-Family Home for sale in Providence, RI

for $2,250,000 with 8 bedrooms and 5 full baths, 1 half bath. This 7,140 square foot home was built in 1823 on a lot size of 0.3531.

"Rich folks live on Power, but most of us live off Hope" ~ excerpted from the iconic cartoon designed by John Peck (1978). Located at the corner of Power and Hope Streets, this signature 6-unit Victorian Mansard home is available for the first time in almost 50 years. The Underwood-Hale Durfee House ca. 1823 has been beautifully restored and impeccably maintained by its current owner/resident. Period details abound: multiple stained glass windows, lovely millwork and built-ins, pocket doors and a towering belvedere served by an internal stairway. Roofs have been recently replaced, exterior painted, updated mechanicals, A/C. Carefully landscaped gardens provide a secluded and spacious oasis on an expansive 15,000+ SF lot with 3-car garage plus ample parking. Truly an exceptional opportunity! Please Note: A Conservation Easement protects the open area of the property. Further information is available upon request. (Also: MLS limits data entry to a max of 4 units; the property is a legal 6-unit and currently used as a 5-unit in order to preserve the owner-occupied Homestead Exemption) NOTE: Owner-occupancy in R-1 district allows for short-term rentals yielding a very generous income stream!

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Multi-Family Pending

Price

$ 2,250,000

Bedrooms

8

Full Bath

5

Half Bath

1

Property Type

Multi-Family

Taxes

$ 15,007

Style

MultiFamily

Lot Size

0.3531

Year Built

1823

Town/City

Providence

County/Region

Providence

MLS | Web ID

1348177

Features
General
Interior Features Attic PermanentAtticStairs TubShower Furnished
Sewer Connected PublicSewer
Heating Baseboard Gas HeatPump Individual Zoned
Cooling CentralAir Ductless
Utilities SewerConnected
Possession Negotiable
Appliances CommonWaterHeater Dryer Dishwasher GasWaterHeater Microwave Oven Range Refrigerator WaterHeater Washer
Exterior Features Porch Patio SprinklerIrrigation PavedDriveway
Zoning R1 HD
Garage Spaces 3.0
Patio/Porch Features Patio Porch
Security Features SecuritySystemOwned
Construction Materials Drywall Plaster Clapboard WoodSiding
Year Built 1823
Electric Item100AmpService CircuitBreakers Item220Volts
Property SubType MultiFamily
Tax Year 2023
Waterfront Features WalktoWater
Community Features HighwayAccess Marina NearSchools PublicTransportation Shopping Sidewalks
County Providence
Operating Expense 25000.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Fox Point
Garage Y/N Y
Total Rooms 17
Status Pending
City Providence
Buyer Agent Compensation 2.5% VNS
Green Location PublicTransportation Walkability
View Y/N N
Senior Community Y/N N
Total Units 4
Lot Size Square Feet 15381.0
Waterfront Y/N N
Carport Y/N N
Street Name Hope
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 15007.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 166
Structure Type Apartment
Standard Status Pending
Tax Assessed Value 1434800
Tax Lot 185
Expected Active Date 2023-11-17
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Interior
Basement ExteriorEntry Full InteriorEntry PartiallyFinished
Flooring CeramicTile Hardwood Vinyl Carpet
Furnished Y/N Furnished
Total Fireplaces 2
Fireplace Features Insert Gas Masonry
Total Stories 3
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Window Features StormWindows
Fireplace Y/N Y
Above Grade Finished Area 7140.0
Full Baths 5
Half Baths 1
Street Suffix Street
Laundry Features CommonArea InUnit
Total Bedrooms 8
Electric On Property Y/N N
Total Baths 6
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Exterior
Fencing Fenced
Parking Features Detached Garage GarageDoorOpener
Lot Features CornerLot SprinklerSystem
Water Source Connected Public
Total Parking 10.0
Inclusions Hot water supply for all units is paid by Owner 2A: heat electric and hot water are included in rent (currently vacant) Units G 2B and 3 are furnished rentals Exclusions: tall mirror w/gold frame bra
Lot Size Area 15381.0
Foundation Details Combination
Number of Buildings 1
Spa N
Building Area Total 7140.0
Lot Size Acres 0.3531
Lot Size Units SquareFeet
Covered Spaces 3.0
Door Features StormDoors
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 122
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* Excluded Features
List By
Compass

Broker

rebecca.mayer@compass.com

Email

Affordability Calculator

$16,968
Per Month
93%
7%
0%
Monthly Principal & Interest
$15,717
Monthly Property Taxes
$1,251
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/16/2024$2,250,000 -10.00% Price Down
11/17/2023$2,500,000 Listed Price

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122 Hope Street, Providence, RI, 02906 is a Multi-Family Home for sale at $2,250,000 with 7,140 sqft and a lot size of 0.3531. 122 Hope Street has 8 bedrooms, 5.1 baths, and was built in 1823. The property's zip code is 02906 which is in Providence, RI