194 Pavilion Ave, Providence, RI, 02905
About This Home
Excellent investment opportunity! Well-maintained two-family property, ideal for both investors and owner-occupants looking to live in one unit while generating rental income from the others. This property features a total of 4 bedrooms and 3 full bathrooms, distributed among two spacious units, each offering 2 bedrooms and 1 full bathroom. Additional highlights include hardwood floors, gas heat, a fenced yard, and a paved driveway with parking for up to 8 vehicles. Two newer boilers were installed approximately 2 years ago, and the water tanks were recently replaced in May 2026. The property also includes leased solar panels with a monthly payment of approximately $190. Conveniently located near major highways, schools, shopping, and public transportation, this property offers strong rental income potential and an outstanding opportunity to build long-term wealth through real estate. The house has solar panels, they are on a lease and are assumable. Monthly payment $189. House is back on the market due to buyer's financing.
Getting Around
Very Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1930
Materials
- Foundation: Unknown
- Construction materials: Plaster,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Gas Water Heater
Basement
- Has basement: Yes
- Basement: Full,Interior and Exterior,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Wall (Plaster),Insulation (Unknown)
- Flooring: Hardwood
- Fireplace features: None
Heating & Cooling
- Heating features: Natural Gas,Baseboard,Forced Air
- Cooling features: None
Interior Area
- Total structure area: 2,352
- Total interior livable area: 1,568 sqft
Property
Details
- Parcel number: PROVM57L85
- Attached to another structure: Yes
- Foundation area: 784
Features
- Stories: 3
Lot
- Lot size: 3,920 sqft
Parking
- Total spaces: 8
- Parking features: Detached,Driveway
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
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
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Rhode Island Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,953 | $35,436 |
| Home Insurance * | $342 | $4,104 |
| Property Taxes | $342 | $4,104 |
| Electricity | $389 | $4,675 |
| Total | $4,026 | $48,312 |
Income You'd Need if You Spent...
Rhode Island FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-01 | Price change | $584,000 |
| 2026-06-09 | Listed for sale | $599,000 |
| 2026-06-09 | Listing removed | $599,000 |
| 2026-06-02 | Pending sale | $599,000 |
| 2026-05-19 | Listed for sale | $599,000 |
| 2008-02-27 | Sold | $315,000 |
| 1993-01-04 | Sold | $62,000 |
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