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302 Benefit Street Providence

$2,395,000
9 8 4,737 sq ft

The Property

Rare Opportunity to Own a Legal 8-Unit Building on Historic Benefit St., located in the heart of Brown University and RISD’s campus. The units are fully leased through May 30th, 2024 and the property offers 17 parking spaces for additional income. The building is leased as (5) 1 Bedroom units and (3) 2 Bedroom units. Owner pays for water, sewer, snow, and trash removal with the Tenants responsible for all other utilities.

The property was fully leased for the following year in March with room to increase rents. Please refer to MLS#1334499 as well.

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Listing Details

MLS Number

1334583

Lot Size:

0.20 acres

Features

  • Basement: Partial
  • Shingles
  • Heating: Heat Pump
  • Heating Fuel: Electric
  • Laundry
  • Type: Apartment
  • Year Built: 1870

Market Trends for Multi Family Homes
in Providence

  • Overview
    Homes for Sale Today49-97.5% decrease in inventory
    New on Market *51-12.1% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$10,895.20$10,708 increase in List Price/Sq.Ft.
    Avg. Sale Price *$627,750$165,006 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *103.85%1.7% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$187.47$34 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *685 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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