Multi Family at 164 Magnolia Street, Providence
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18 photos

$699,900

164 Magnolia Street
Providence, RI 02909
Listed by Dhamarys Murillo
Bedrooms
6
Bathrooms
4
Living area
N/A
Year built
2026

About this home

Stunning New Construction Two-Family Home in Providence, RI! Discover modern living in this beautifully designed, newly constructed two-family home, featuring quality craftsmanship, contemporary finishes, and spacious layouts perfect for comfortable living. Whether you're a homeowner looking for extra income or an investor seeking a great opportunity, this property offers the perfect combination of style, comfort, and versatility. Each unit features 3 bedrooms and 2 full bathrooms, including a private primary suite with its own en-suite bathroom. Two additional bedrooms provide flexibility for family, guests, or a home office. Enjoy beautiful hardwood floors, central heating and air conditioning, in-unit laundry, and brand-new appliances. The full unfinished basement offers ample storage and exciting potential for future customization. ?? Convenient Providence Location! Ideally situated near hospitals, schools, major highways, the airport, shopping centers, pharmacies, restaurants, and downtown Providence, this home provides easy access to everyday essentials and city conveniences. ?? Live in One Unit and Rent the Other! Enjoy the benefits of homeownership while generating potential rental income or add this versatile property to your investment portfolio. Don't miss this opportunity to own a beautiful new-construction multi-family property in a convenient Providence location. Modern comfort, investment potential, and endless possibilities await!

Property details

MLS
Rhode Island Association of REALTORS
MLS #
1426177
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
1
On market date
October 15, 2026
Stories
2
Total bathrooms
4
Garage spaces
N/A
Parking spaces
6
Lot size
0.07 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
Webster Avenue School
0.22 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
311
Student:teacher ratio
15.6:1
District
Providence
MiddleCharter
AF Providence Mayoral Middle
0.6 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
405
Student:teacher ratio
31.2:1
District
Achievement First Rhode Island
High
Providence Career Technical
1.29 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).

91
Highly walkable
out of 100
EPA National Walkability Index
16.8 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks16
Schools20
Transit stops20
Pharmacies6

Market position

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

On the market 1 days -- 41 fewer days than Providence's current average of 42 days.
For reference, the median list price across 1,407 active listings in Providence right now is $449,900.

Mortgage calculator

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

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Est. monthly payment
$4,365/mo
$139,980 down
$559,920 loan
Principal & interest$3,632
Property tax (est.)$583
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 22 hr 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.