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About this home
Excellent Investment Opportunity in Providence! Discover the income-generating potential of this three-family property located at 120 Valley Street (Front). Featuring a total of 6 bedrooms and 3 full bathrooms across three units, this property offers an attractive opportunity for investors looking to expand their rental portfolio or owner-occupants seeking additional rental income. With multiple income streams and long-term investment potential, this is an opportunity you won't want to miss. Schedule your showing today!
Olneyville, located between Federal Hill and Johnston, is a historic and industrial Providence neighborhood with brick mill blocks and a river-cut street grid. The neighborhood’s character concentrates at the Olneyville Square junction of Westminster Street and Plainfield Street, where taquerias, bakeries, corner markets, and repair shops keep the sidewalks in motion. Longtime anchors include New York System (Olneyville), the Atlantic Mills complex, and the Wanskuck Library at Olneyville. Triple-deckers and compact storefronts sit beside former factory buildings, giving many blocks a workaday, mixed-use feel. The Woonasquatucket River Greenway threads nearby, adding a linear path for walking and biking. Westminster Street’s long corridor ties the area to downtown-facing views and late-day traffic hum.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Bathrooms
3 full bathrooms
Laundry & utility
Gas water heater
Flooring
Carpet
Vinyl
Heating & cooling
Gas, hot water, and baseboard heating
Parking
3 parking spaces
No garage
Construction
Vinyl siding
Utilities
Sewer connected
Connected water
100-amp electric service
Electricity and solar
View estimated energy costs and solar savings for this home
Super sweet 2 bedroom sunny cottage located next door to Rising Sun Mill in Olneyville! This little gem has an open floor plan, 1.5 baths, and a large yard. Conveniently located, minutes from Farmers Markets, restaurants, bars, bike path, kayaking, and Federal Hill. Must be sold with the 3 family in the front, MLS # 1345698
RIS #1345698
Jan 23, 2024
Sold
$445,000
$186/sq ft
Nov 16, 2023
Pending
—
Oct 10, 2023
Listed
$449,900
$188/sq ft
+3
Great 3 family opportunity consisting of three spacious, sun-filled apartments. Conveniently located on Valley St, Next door to Rising Sun Mill, minutes to farmers markets, bars, restaurants, Federal Hill, Downtown, the highways etc. Plenty of off street parking! Must be sold with the single family property in the back, MLS# 1345694
RIS #911446
Nov 29, 2000
Sold
$68,900
$29/sq ft
Jul 6, 1999
Listing Removed
—
Jul 6, 1999
Listed
$68,900
$29/sq ft
RIS #907195
Aug 30, 1999
Listing Removed
—
May 1, 1999
Listed
$68,000
$28/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,334 (+14.0%)
$136,800 + $315,600
$452,400
2024
$5,555
$89,900 + $212,800
$302,700
2023
$5,555 (+3.1%)
$89,900 + $212,800
$302,700
2022
$5,388 (+32.1%)
$89,900 + $212,800
$302,700
2021
$4,079
$41,600 + $124,500
$166,100
2020
$4,079
$41,600 + $124,500
$166,100
2019
$4,079 (+7.4%)
$41,600 + $124,500
$166,100
2018
$3,797
$43,300 + $75,500
$118,800
2017
$3,797
$43,300 + $75,500
$118,800
2016
$3,797 (+12.0%)
$43,300 + $75,500
$118,800
2015
$3,389 (−1.9%)
$43,300 + $59,100
$102,400
2014
$3,456
$43,300 + $59,100
$102,400
2013
$3,456 (−17.4%)
$43,300 + $59,100
$102,400
2012
$4,184
$50,700 + $80,500
$131,200
2011
$4,184
$50,700 + $80,500
$131,200
Public record
Public record
Zoning
Beds
6
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
2,178 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,388
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,388
Year built
1910
Style
Multi-Family (2-4 Unit)
County
Providence County
APN
55454
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 22, 2026.
M-MU-75
Mixed-Use Industrial District
The M-MU Mixed-Use Industrial District is intended to encourage the reuse of older industrial buildings, and compatible new development, for mixed-use environment of light industrial use and a variety of other non-industrial uses, such as live/work dwellings, higher density residential, commercial, and limited institutional uses. The M-MU District is divided into two height sub-districts: the M-MU-75 Sub-District that allows a maximum height of 75 ft
Permitted uses
Include but are not limited to:
Bank
Day care facility
General retail
Restaurant
Housing-Multiple units
Industrial
Warehouse
Hotel / motel
Office
Medical office
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 96° expected this year, 16 days in 30 years
6/10 Wind Factor
71% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Providence, RI • 02909
Average low and high temperatures (°F)
35
22
36
23
51
34
60
42
68
52
80
63
83
67
79
62
74
59
65
48
54
39
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
74/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.9 hrs
4.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 120 Valley St
$598,763
$237 under list price of $599K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $530K to $660K.