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407 Benefit St 4 Unit Apartment Building $1,295,000 ($323,750/Unit) Providence, RI 02903
Executive Summary
Introducing 407-409 Benefit St, a value-add opportunity in the heart of Brown and RISD's campus. This legal 4-unit property, with additional bonus space, offers exceptional upside for investors whether stabilizing as high-demand student rentals, short term rentals, or a condo conversion. Premier location on the East Side of Providence. **Can be delivered vacant at closing**. Separate mechanicals, shared laundry, and a large yard. A savvy investor can explore converting the finished bonus space into an ADU.
Property Facts
| Price | $1,295,000 | Building Class | C |
| Price Per Unit | $323,750 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 3,647 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1789 |
| Property Subtype | Apartment | ||
| Zoning | R-2 | ||
| Price | $1,295,000 |
| Price Per Unit | $323,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 3,647 SF |
| No. Stories | 3 |
| Year Built | 1789 |
| Zoning | R-2 |
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Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | PROV-160654-000000-000000 | Improvements Assessment | $485,700 |
| Land Assessment | $544,200 | Total Assessment | $1,029,900 |
Property Taxes
Parcel Number
PROV-160654-000000-000000
Land Assessment
$544,200
Improvements Assessment
$485,700
Total Assessment
$1,029,900
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407 Benefit St