Property Back to Market Report Property

38 Mawney Street, Providence, RI 02907

$775,000
1
BD
3
BA
Property Back to Market Report Property
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Sold Price
$775,000
List Price
$875,000
Status
CLOSED
MLS#
1394673
Closing Date
Nov 20, 2025
Year Built
1900
Bedrooms
1
Bathrooms
3
Acres
0.38
Subdivision
Elmwood
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Property Description

Investment Opportunity! Here's your chance to add to your portfolio or begin your investment journey. Originally the Edwin Turner mansion, this 1880 Italianate is an 8 unit building in the heart of historic Elmwood. The property is a mix of studio apartments, 2 room efficiencies and one bedroom units - each unit with its own mini-split system for heat and A/C. There is a third floor that has roughed rooms but has never been developed. This could be an opportunity to add an ADU. And then there's the land, and there's a lot of it. With an over 16,000 sq ft lot the new owner has potential to work with the City to explore future development. The property has long term tenants with 6 on a month to month lease and 2 on a yearly rotation. Please reach out to the listing agent for additional information. All showings will be arranged as group showings for ease to the tenants. This is one to see! Also listed as commercial multi 5 plus MLS # 1382506

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Additional Information

Taxes
$16,241
Lot Size
16,753
Interior Features
Attic, Permanent Attic Stairs
Flooring
Ceramic Tile, Hardwood, Vinyl
Heating
Ductless, Electric, Forced Air, Gas, Individual
Cooling System Type
Ductless
Sewer
Connected
Water Source
Connected, Public
Appliances
Water Heater
Basement
Exterior Entry, Full, Interior Entry, Unfinished
Parking Spaces
12
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Listing courtesy of Domain Properties. Contact:

Selling Office: Residential Properties Ltd.

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