197 Althea St, Providence, RI, 02909
About This Home
Unlock the possibilities in this exceptionally spacious single-family property offering approximately 2,245 square feet of living space, six bedrooms, and three-and-a-half bathrooms. Ideal for investors, developers, or an owner-occupant seeking additional space and long-term value, this property offers multiple potential configurations. Situated on an R-3 zoned lot, the home may offer potential for conversion into a two-family or three-family residence, subject to municipal zoning, permitting, and approval requirements. The expansive basement also presents possible accessory dwelling unit or additional living-space potential. Adding even more value is a separate rear garage structure with more than 900 square feet of space, offering exciting possibilities for storage, a workshop, studio, office, or potential accessory dwelling unit conversion, subject to all required approvals. With its substantial square footage, flexible layout, multiple bedrooms and bathrooms, and additional detached structure, this property is a rare opportunity for investors looking to renovate, reposition, and maximize its income-producing potential. Bring your vision and explore the many possibilities this unique property has to offer. Buyer and buyer’s agent to perform all due diligence regarding zoning, legal use, unit conversion, ADU possibilities, permits, and municipal requirements. Property to be sold in as-is condition.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1929
Materials
- Foundation: Unknown
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Gas Water Heater,Dryer,Oven/Range,Refrigerator,Washer
Basement
- Has basement: Yes
- Basement: Full,Interior Entry,Partially Finished
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Features
- Stairs,Plumbing (Mixed)
- Flooring: Hardwood
- Fireplace features: None
- Finished area below ground: 600
- Finished area above ground: 2,245
Heating & Cooling
- Heating features: Natural Gas,Baseboard,Forced Water
- Cooling features: None
Interior Area
- Total structure area: 2,245
- Total interior livable area: 2,845 sqft
Property
Details
- Parcel number: PROVM42L97
- Zoning: R-3
Features
- Patio & porch: Porch
Lot
- Lot size: 4,356 sqft
- Features: Sidewalks
Parking
- Total spaces: 9
- Parking features: Detached,Driveway
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
- 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
- Cold Wave
- 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 | $2,426 | $29,112 |
| Home Insurance * | $288 | $3,456 |
| Property Taxes | $563 | $6,756 |
| Electricity | $579 | $6,952 |
| Total | $3,856 | $46,272 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-31 | Listed for sale | $479,900 |
| 2023-12-06 | Sold | $300,000 |
| 2023-10-12 | Sold | $155,000 |
| 2016-12-15 | Sold | $125,000 |
| 2016-08-23 | Listing removed | $125,000 |
| 2016-05-10 | Listed for sale | $125,000 |
| 2014-11-09 | Listing removed | $119,900 |
| 2014-10-31 | Price change | $119,900 |
| 2014-07-14 | Listed for sale | $129,900 |
| 2010-08-21 | Listing removed | $139,000 |
| 2010-03-26 | Listed for sale | $139,000 |
| 2008-11-12 | Sold | $39,500 |
| 2008-08-19 | Listed for sale | $99,000 |
| 2005-09-02 | Sold | $255,000 |
| 2003-01-22 | Sold | $170,000 |
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