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5 Lee Street

Providence, RI 02903
  • $609,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 1411214
Price Reduced
UPDATED: 56 min ago
$609,000
  • 6
    BEDS
  • 0.05
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,679
    SQFT
  • $227
    $/SQFT
Type:
Multi-Family
Built:
1920
County:
Area:

School Ratings & Info

Description

Discover an outstanding investment opportunity at 5 Lee St, a legally conforming three-family residence located in Federal Hill. This is clean and well-maintained three-family home, officially updated with a recently obtained certificate of occupancy (CO) for legal conformance. The building features three well-sized two-bedroom units and currently has below market rents, presenting significant potential for immediate rental growth and maximizing your return on investment. The property is up to date with lead conformance with all lead certificates being up to date. All tenants are long-term residents and are currently on month-to-month contracts. The property is ideally situated just steps from the popular shops and renowned restaurants that Atwells Ave, Broadway, and Federal Hill have to offer, making it a popular destination for qualified tenants.

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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: 2026-05-16T22:37:49.483.
www.lavonnelopes.com/homes/175891255
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5 Lee Street Providence, RI 02903

  • Price: $609,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 56 min ago
  • MLS #: 1411214
6
Beds
3
Baths
0
½ Baths
0.05
Acres
2,679
SQFT
$227
$/SQFT
1920
Built
County:
Providence
Area:
Providence
Property Description
Discover an outstanding investment opportunity at 5 Lee St, a legally conforming three-family residence located in Federal Hill. This is clean and well-maintained three-family home, officially updated with a recently obtained certificate of occupancy (CO) for legal conformance. The building features three well-sized two-bedroom units and currently has below market rents, presenting significant potential for immediate rental growth and maximizing your return on investment. The property is up to date with lead conformance with all lead certificates being up to date. All tenants are long-term residents and are currently on month-to-month contracts. The property is ideally situated just steps from the popular shops and renowned restaurants that Atwells Ave, Broadway, and Federal Hill have to offer, making it a popular destination for qualified tenants.
Exterior Features

Construction Materials Drywall Vinyl Siding Covered Spaces 0 Foundation Details Block Brick / Mortar Combination Concrete Perimeter Garage YN No Parking Features No Garage Parking Total 3

Interior Features

Appliances Dryer Electric Water Heater Oven Range Refrigerator Washer Basement Exterior Entry Full Interior Entry Unfinished Basement YN Yes Cooling Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Fireplaces Total 0 Flooring Ceramic Tile Hardwood Heating Baseboard Gas Heating YN Yes Interior Features Stall Shower

Property Features

Community Features Highway Access Near Hospital Near Schools Public Transportation Recreation Area Restaurant Shopping Electric 100 Amp Service Human Modified YN Yes 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 Structure Type Apartment Tax Annual Amount 7897.4 Tax Assessed Value 564100 Tax Lot 173 Tax Year 2025 Utilities Sewer Connected Water Source Connected

[Rhode Island Statewide MLS] logo Listing information © 2026 State-Wide Multiple Listing Service.
Listing provided courtesy of Lenox Realty Group: .



[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: 2026-05-16T22:37:49.483.
 
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The Lavonne Lopes Group | Keller Williams Coastal
501 Centerville Rd. Suite 201
Warwick RI, 02886