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18 Forest St #20, Providence, RI, 02906

4beds
2baths
2,413sqft
$545,000
$226price/sqft
$3,985/moest. monthly cost
$159,400/yrincome needed

About This Home

Investors take note-property needs work. This spacious 2 family home is located on the East Side of Providence has much potential. The property presents a wonderful opportunity to own a classic 2-family home in the sought-after Mount Hope neighborhood. Built in 1900, this well proportioned property offers approximately 2798 square feet of living space on a 5663 square foot lot with potential for an ADU. This generous yard offers plenty of off street parking and or room for a detached garage. Easy access to Brown University, Rhode Island School of Design, Miriam Hospital, Blackstone Boulevard, Hope Village, local parks, restaurants, and downtown Providence. Property is being sold in the "AS IS" condition!

Getting Around

77
WalkingVery Walkable
47
TransitSome Transit
67
BikeBikeable

Schools

5/10
1/10
Hope High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Mixed
  • Construction materials: Dry Wall,Plaster,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater
  • Laundry features: Common Area

Basement

  • Has basement: Yes
  • Basement: Full,Interior Entry,Unfinished,Laundry,Utility

Bathroom

  • Features: Bath w Tub

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Wall (Dry Wall),Wall (Plaster),Plumbing (Copper),Plumbing (Mixed),Other,Plumbing (PEX),Plumbing (PVC),Insulation (Unknown)
  • Flooring: Hardwood,Other,Wood,Vinyl
  • Fireplace features: None
  • Attic: Attic Stairs, Attic Storage

Heating & Cooling

  • Heating features: Natural Gas,Central Stream,Forced Water
  • Cooling features: None

Interior Area

  • Total structure area: 2,798
  • Total interior livable area: 2,413 sqft

Property

Details

  • Parcel number: 1820FORESTSTREETSTPROV
  • Attached to another structure: Yes
  • Zoning: R-2
  • Foundation area: 1188

Features

  • Stories: 3
  • Patio & porch: Porch
  • Fencing: Fenced

Lot

  • Lot size: 5,662 sqft
  • Features: Paved,Sidewalks

Parking

  • Total spaces: 8
  • Parking features: No Garage

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Tsunami

FEMA Declared Disasters Across Rhode Island Counties

Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,755$33,060
Home Insurance *$199$2,388
Property Taxes $540$6,480
Electricity $491$5,897
Total$3,985$47,820
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$136,628/yr
40% on housing$119,550/yr
45% on housing$106,266/yr

Rhode Island FAIR Plan Programs

Rhode Island Joint Reinsurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 16,029Commercial: 109
Total Premiums$36.73M
Total Exposure$6.14B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.9%
7.9%
0%30.0%
Electricity Growth Rate10-year average: 6.7%
6.7%
0%15.0%
Property Taxes Growth Rate2-year average: -2.5%
-2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$226This listing

vs Other Active Listings

Avg $/sqft

ZIP 02906$391
Providence County$248

vs Homes Sold Last Month

Median $/sqft

ZIP 02906$403
Providence County$271

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-05Pending sale$545,000
2026-07-14Listed for sale$545,000

For Sale by Agent

AgentDenise Mancini
BrokerageColdwell Banker Realty

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