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6 Shafter St, Providence, RI, 02909

4beds
2baths
1,648sqft
$620,000
$376price/sqft
$4,623/moest. monthly cost
$184,920/yrincome needed

About This Home

Extensively renovated and carefully converted from a single-family home into a turnkey two-family, this like-new property features two fully updated units ready for immediate occupancy. Each unit offers a bright layout with a living room electric fireplace, its own private deck, and mini-split systems in every room for efficient heating and cooling. New kitchens, baths, flooring, and fixtures position both units for strong rental appeal and income potential. Exterior updates include new vinyl siding and stamped concrete along the side of the home. The basement offers shared laundry, and stainless steel appliances will be installed in both units prior to closing. A great investment opportunity in the capital city! Ideal for investors or owner-occupants seeking rental income in a high-demand location. Strong potential for market rents with nothing left to do but collect.

Getting Around

76
WalkingVery Walkable
40
TransitSome Transit
45
BikeSomewhat Bikeable

Schools

Construction

Condition

  • New construction: Yes
  • Year built: 1930

Materials

  • Construction materials: Dry Wall,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Electric Water Heater,Dishwasher,Dryer,Disposal,Microwave,Oven/Range,Refrigerator,Washer
  • Laundry features: In Building

Basement

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

Bathroom

  • Features: Bath w Shower Stall

Bedrooms & Bathrooms

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

Features

  • Wall (Dry Wall)
  • Flooring: Other,Vinyl
  • Number of fireplaces: 2
  • Fireplace features: Zero Clearance
  • Fireplace: Yes

Heating

  • Heating features: Electric,Other

Interior Area

  • Total structure area: 1,648
  • Total interior livable area: 1,648 sqft

Property

Details

  • Parcel number: PROVM104L725
  • Attached to another structure: Yes

Features

  • Stories: 2
  • Patio & porch: Patio,Porch

Lot

  • Lot size: 3,981 sqft

Parking

  • Total spaces: 1
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
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 $3,135$37,620
Home Insurance *$372$4,464
Property Taxes $727$8,724
Electricity $389$4,675
Total$4,623$55,476
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$158,502/yr
40% on housing$138,690/yr
45% on housing$123,280/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

$376This listing

vs Other Active Listings

Avg $/sqft

ZIP 02909$240
Providence County$248

vs Homes Sold Last Month

Median $/sqft

ZIP 02909$214
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)

Price History

DateEventPrice
2026-05-05Listed for sale$620,000
2025-07-09Sold$5,354
2022-07-07Sold$3,209

New Construction

AgentGiana Valelli
BrokerageWilliams & Stuart Real Estate

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