31 Gilmore St, Providence, RI 02907

Beds
6
Baths
3
Sqft
2,835

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Listed byCentury 21 Visionary Group
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Overview

This well-maintained 6-bedroom 3-bathroom multifamily property presents a strong investment opportunity for both owner occupants and traditional investors. "The Gilmore" is currently operated as a successful short term rental property, generating 6 figure rental income. This property can also be operated as a traditional multi-family rental with estimated rent roll exceeding $100k. This can also be a great opportunity for multi-generational and owner-occupied living while building equity. Recent capital improvements include the installation of two new boilers, blow-in insulation for efficiency, a new water main, and no-maintenance PEX plumbing throughout. If the buyer wishes to continue operating the property as a short term rental, the seller is willing to stay onboard to support the transitional period and offer consulting as part of the transaction. Furnishings, linens, and all fixtures (excluding artwork) are negotiable. Established operational systems, including housekeeping, laundry services, and a dedicated handyman, are in place to support continued operations if the buyer chooses to continue with short term rentals. This property can be delivered as a turn-key short term rental, or vacant and ready for its new owner and tenants.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
6
Number of bathrooms
3
Square feet
2,835
Lot size (acres)
0.08
Year built
1930

Interior features

Basement
Yes, Finished

Utilities

Heating
Hot Water, Baseboard, Natural Gas
Cooling
None

Taxes

Tax Annual Amount (2025)
$5,466

Public schools

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Sourced from: StateWide MLS MLS®#: 1411713 Last checked:

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