$6,530 Closing Credit¹
#1388166, Listing office: Coldwell Banker Realty
$549,900 List price
31 Bancroft St Providence, RI 02909
$6,530
Closing credit¹
6 beds
3 full
0.2 acres
Multi-Family
Property details
About 31 Bancroft St
Well-maintained 3-family home featuring 6 beds & 3 baths with major updates throughout. Roof replaced in 2020. Apartment 31 (top floor) was completely renovated down to the studs in 2021 new electrical, plumbing, insulation, flooring, fixtures & appliances. Apartment 31 (bottom floor) fully gutted and renovated in 2022 with the same level of upgrades. Apartment 33 includes a fully remodeled bathroom and updated electrical. Basement professionally repointed in 2021, ensuring a solid foundation. One boiler replaced in 2024; the other is approx. 8 years old. Two electrical panels: Unit 33 is separately metered and pays its own electric. Units 31 top & bottom include heat, hot water & electricity in rent. Entire property is hardwired for smoke & carbon monoxide detection. Strong rental potential with minimal future maintenance. Airbnb shows average nightly rates of approx. $100 for a 1-bed unit and $186 for a 4-bed, adding short-term rental potential. Perfect for investors or owner-occupants looking for turnkey income. Convenient location near amenities, public transit & highways. A rare opportunity to own a fully updated, structurally sound 3-family with long-term value and multiple income strategies.
Highlights
Home typeMulti Family
HeatingBaseboard, Natural Gas, Steam, Zoned
StatusActive
BasementYes
Lot size0.1699 Acres
Year built1920
ParkingNo Garage
MLS #1386782
Summary
- Full Bathrooms: 3
- Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Washer
- Basement: Yes
- Flooring Type: Ceramic Tile, Hardwood, Vinyl
- Interior: Tub Shower
- Fireplace: None
- Total Bedroom Count: 6
- Parking: No Garage
- Exterior: Deck, Paved Driveway
- Heating: Baseboard, Natural Gas, Steam, Zoned
- Cooling: None
- List Price: $549,900
- Lot: Corner Lot
- Year Built: 1920
- Lot Size: 0.1699 Acres
- MLS Number: 1386782
- MLS Name: RIS
- Office Name: RE/MAX 1st Choice
- Office Phone: (401) 943-6111
- Office Email: info@RealestateRI.com
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/28/2025, 5:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$549,900
31 Bancroft St
$6,530
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
2
Webster Avenue School
Public District KG-5
0.2 mi
•191 Webster Ave
3
Frank D. Spaziano Elementary School
Public District 2-5
0.5 mi
•85 Laurel Hill Ave
3
Achievement First Providence
Public Charter KG-4
0.6 mi
•370 Hartford Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $23,059. Most Providence, RI residents have annual incomes less than $<35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
66%
<35k
30%
35k-100k
2%
100k-200k
2%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
46%
Single, No Kids
26%
Single, with Kids
11%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
11%
12-17 yrs old
30%
18-34 yrs old
34%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Boston Market
What do the neighbors drive?
Kia
Dodge
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 31 Bancroft St
The listing price of 31 Bancroft St property is $549,900.
The property 31 Bancroft St is a multi located in Providence, Rhode Island, 02909.
Active Listing: 31 Bancroft St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 31 Bancroft St are: Webster Avenue School (GreatSchools Rating 2/10), Frank D. Spaziano Elementary School (GreatSchools Rating 3/10), Achievement First Providence (GreatSchools Rating 3/10), Af Providence Mayoral Middle School (GreatSchools Rating 5/10), Paul Cuffee Middle School (GreatSchools Rating 4/10), West Broadway Middle School (GreatSchools Rating 2/10), Providence Career Technical (GreatSchools Rating 5/10), Central High School (GreatSchools Rating 2/10), Classical High School (GreatSchools Rating 10/10).
The year of construction for 31 Bancroft St is 1920.
This home is located at 31 Bancroft St in Providence, RI and zip code 02909 in the Silver Lake neighborhood. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 4, 2025 and is currently priced at $549,900.
In May 2025, from all listings sold in Providence, RI there were more than 58 sold above asking price, over 28 sold below and more than 18 were sold right at the asked price. Between April and May 2025, Providence, RI real estate market has seen increase in the number of listings by 13.4%. Listings spent 23 days on the market in May 2025, and had a median list price of $510,325 during the same period.
From Rocket Homes Real Estate and based on county public records data.