407 Benefit Street Providence

$1,295,000
5 5 3,647 sq ft

The Property

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.

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Listing Details

MLS Number

1413018

Lot Size:

0.11 acres

Features

  • Basement: Full, Interior and Exterior, Unfinished
  • Heating: Electric, Natural Gas, Baseboard, Gas on Gas
  • Heating Fuel: Electric, Natural Gas, Baseboard, Gas on Gas
  • Laundry
  • Local Historic District
  • Year Built: 1784

Market Trends for Single Family Homes
in Providence

  • Overview
    Homes for Sale Today291-92.3% decrease in inventory
    New on Market *20417.2% increase in new listings
    Avg. Asking Price/Sq.Ft. *$335.24$29 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$636,487$10,130 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *99.75%-8.3% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$320.76$5 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *745 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by William Raveis Inspire

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