Single Family Residence at 197 Althea Street, Providence
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$429,000

197 Althea Street
Providence, RI 02909
Listed by Berlin Hernandez
Bedrooms
6
Bathrooms
3.5
Living area
2,845 sqft
Year built
1929

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.

Property details

MLS #
1419517
Property type
Single Family Residence
Subdivision
West End
Status
Active
Days on market
68
On market date
July 31, 2026
Stories
N/A
Total bathrooms
3.5
Garage spaces
3
Parking spaces
9
Lot size
0.1 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Alfred Lima Sr. El School
0.47 mi away · Grades 2-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
435
Student:teacher ratio
14.5:1
District
Providence
MiddleCharter
Providence Preparatory Charter
0.47 mi away · Grades 5-6
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
112
Student:teacher ratio
12.4:1
District
Providence Preparatory Charter
High
Providence Career Technical
0.89 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
659
Student:teacher ratio
9.8:1
District
Providence

Walkability

Blended score for Providence's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

89
Highly walkable
out of 100
EPA National Walkability Index
16.2 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks16
Schools20
Transit stops20
Pharmacies9

Market position

How this listing compares to current activity in Providence, from live MLS data.

On the market 68 days -- 25 more days than Providence's current average of 43 days.
For reference, the median list price across 1,346 active listings in Providence right now is $450,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$2,733/mo
$85,800 down
$343,200 loan
Principal & interest$2,226
Property tax (est.)$358
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 5 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.