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407 Benefit Street

Providence, RI 02903
  • $1,395,000
  • STATUS: Active
  • ON SITE: 5 Days
  • MLS #: 1409306
New On Site 5 Days Ago
UPDATED: 139 min ago
$1,395,000
  • 5
    BEDS
  • 0.11
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,647
    SQFT
  • $383
    $/SQFT
Type:
Multi-Family
Built:
1784
County:
Area:

School Ratings & Info

Description

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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[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Lavonne Lopes Group | Keller Williams Coastal are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lavonne Lopes Group | Keller Williams Coastal. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-04-11T23:37:37.65.
www.lavonnelopes.com/homes/174888826
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407 Benefit Street Providence, RI 02903

  • Price: $1,395,000
  • Status: Active
  • On Site: 5 Days
  • Updated: 139 min ago
  • MLS #: 1409306
5
Beds
5
Baths
0
½ Baths
0.11
Acres
3,647
SQFT
$383
$/SQFT
1784
Built
County:
Providence
Area:
Providence
Property Description
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.
Exterior Features

Architectural Style Stacked Side By Side Construction Materials Other Shingle Siding Covered Spaces 0 Foundation Details See Remarks Garage YN No Parking Features No Garage Parking Total 0

Interior Features

Appliances Gas Water Heater Basement Exterior Entry Full Interior Entry Unfinished Basement YN Yes Cooling Window Unit(s) Cooling YN Yes Fireplace YN Yes Fireplaces Total 2 Flooring Hardwood Vinyl Heating Baseboard Electric Gas Heating YN Yes

Property Features

Electric 100 Amp Service Human Modified YN Yes Inclusions Legal 4 Unit Land Lease YN No Laundry Features Common Area New Construction YN No Operating Expense 0 Property Sub Type Multi Family Senior Community YN No Sewer Connected Public Sewer Tax Annual Amount 14418.6 Tax Assessed Value 1029900 Tax Lot 654 Tax Year 2025 Utilities Sewer Connected Water Source Public

[Rhode Island Statewide MLS] logo Listing information © 2026 State-Wide Multiple Listing Service.
Listing provided courtesy of William Raveis Inspire: .



[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Lavonne Lopes Group | Keller Williams Coastal are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lavonne Lopes Group | Keller Williams Coastal. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-04-11T23:37:37.65.
 
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The Lavonne Lopes Group | Keller Williams Coastal
501 Centerville Rd. Suite 201
Warwick RI, 02886