407 Benefit Street Providence

$1,395,000
5 5 3,647 sq ft

The Property

Introducing 407–409 Benefit Street, a rare 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 pursuing a condominium conversion or stabilizing as high-demand rentals in one of Providence’s most sought-after locations. The building can be delivered vacant at closing, providing immediate flexibility to renovate, reposition, and maximize returns. Features include separate mechanicals, on-site laundry, and a large yard, an uncommon amenity in this prime location.

Opportunities like this are increasingly scarce—don’t miss your chance to capitalize on a premier asset in an unbeatable location.

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Listing Details

MLS Number

1409306

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 Today251-92.9% decrease in inventory
    New on Market *19991.3% increase in new listings
    Avg. Asking Price/Sq.Ft. *$347.87$62 increase in List Price/Sq.Ft.
    Avg. Sale Price *$709,254$122,641 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *1276.92%1189.2% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$324.16$1 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *805 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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