38 Vine St Unit 40 East Providence, RI 02914
7
Beds
3
Baths
2,736
Sq Ft
4,356
Sq Ft Lot
Highlights
- Marina
- Attic
- Porch
- Golf Course Community
- Recreation Facilities
- Storm Windows
About This Home
As of August 2025Calling all owner occupants or savvy investors. This 3 family in the heart of East Providence is a don't miss! Amazing rental history on this fully occupied turnkey property is ready to make you money from day one without any effort. Two units are tenant at will and one with a year long lease. This property offers new kitchens, baths, laminate flooring, and clean modern units comprised of two 2 bedroom units and one 3 bedroom unit. Heating systems throughout have been upgraded, commercial washer and dryer, 2 storage units for additional income, and ample off street parking. Best of all the owners will have brought this property into new RI regulatory standards with lead compliance certs for each unit and all units registered with the state of RI prior to closing. As of Oct 2024 all properties must have this...but VERY few do! Whether you are a savvy investor looking for predictable and easy cashflow or just jumping into the investment market do not miss out on this gem.
Last Agent to Sell the Property
Real Broker, LLC License #RES.0044054 Listed on: 07/09/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,502
Year Built
- Built in 1920
Lot Details
- 4,356 Sq Ft Lot
- Fenced
Home Design
- Brick Exterior Construction
- Aluminum Siding
- Concrete Perimeter Foundation
- Plaster
Interior Spaces
- 2,736 Sq Ft Home
- 3-Story Property
- Storage Room
- Utility Room
- Laminate Flooring
- Storm Windows
- Attic
Kitchen
- Oven
- Range
- Microwave
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 6 Parking Spaces
- No Garage
- Driveway
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Space Heater
- Heating System Uses Gas
- Baseboard Heating
- 100 Amp Service
- Gas Water Heater
- Cable TV Available
Additional Features
- Porch
- Property near a hospital
Listing and Financial Details
- Tax Lot 018-00
- Assessor Parcel Number 3840VINESTEPRO
Community Details
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Recreation Facilities
Additional Features
- 3 Units
- Operating Expense $6,747
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 13, 2019
Closed on
Jul 25, 2019
Sold by
Tavares Donna and Tavares Louis
Bought by
Bairos Brandon C
Seller's Agent
Jennifer Farias
Revolv Real Estate
Buyer's Agent
Reza Lashkari
Real Broker, LLC
List Price
$330,000
Sold Price
$310,000
Premium/Discount to List
-$20,000
-6.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.44%
Original Mortgage
$304,385
Outstanding Balance
$271,324
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$296,943
Purchase Details
Closed on
Mar 17, 2003
Sold by
Tavares Joseph
Bought by
Tavares Jose and Tavares Donna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $310,000 | -- | |
| Personal Reps Deed | -- | -- | |
| Warranty Deed | $310,000 | -- | |
| Deed | $135,000 | -- | |
| Deed | $135,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $304,385 | FHA | |
| Closed | $304,385 | FHA | |
| Previous Owner | $117,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2025 08/25/25 | Sold | $657,000 | +9.5% | $240 / Sq Ft |
| 07/14/2025 07/14/25 | Pending | -- | -- | -- |
| 07/09/2025 07/09/25 | For Sale | $599,900 | +93.5% | $219 / Sq Ft |
| 07/25/2019 07/25/19 | Sold | $310,000 | -6.1% | $78 / Sq Ft |
| 06/25/2019 06/25/19 | Pending | -- | -- | -- |
| 05/13/2019 05/13/19 | For Sale | $330,000 | -- | $83 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,502 | $358,900 | $72,200 | $286,700 |
| 2023 | $5,297 | $358,900 | $72,200 | $286,700 |
| 2022 | $5,067 | $231,800 | $38,400 | $193,400 |
| 2021 | $4,984 | $231,800 | $38,400 | $193,400 |
| 2020 | $4,773 | $231,800 | $38,400 | $193,400 |
| 2019 | $4,641 | $231,800 | $38,400 | $193,400 |
| 2018 | $4,082 | $178,400 | $40,100 | $138,300 |
| 2017 | $3,991 | $178,400 | $40,100 | $138,300 |
| 2016 | $3,971 | $178,400 | $40,100 | $138,300 |
| 2015 | $4,099 | $178,600 | $32,500 | $146,100 |
| 2014 | $4,099 | $178,600 | $32,500 | $146,100 |
Source: Public Records
Agents Affiliated with this Home
-
Reza Lashkari
R
Seller's Agent in 2025
Reza Lashkari
Real Broker, LLC
(949) 826-8100
1 in this area
34 Total Sales
-
Cora Zhang
Buyer's Agent in 2025
Cora Zhang
Green Island Realty, Inc.
(857) 320-8888
1 in this area
61 Total Sales
-
Jennifer Farias
J
Seller's Agent in 2019
Jennifer Farias
Revolv Real Estate
5 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1389562
APN: EPRO-000106-000005-000018
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