Fantastic three-family investment opportunity in Providence’s East Side, steps from Hope Street, Brown University, RISD, and the Observatory. This fire-code-compliant, well-maintained property offers zero vacancy history and strong rental potential with below-market rents—an opportunity for immediate upside. Two spacious 2-bedroom, 1-bath units featuring double parlors, decorative fireplaces, and plenty of living space. Top-floor 1-bedroom unit is light-filled and expansive, offering a unique and desirable layout. Low-maintenance vinyl siding, coin-op laundry in basement, and recently serviced boilers. Walk-out basement, dry year-round, just cleaned out and ready for new possibilities. Large backyard with potential for additional parking or a shared patio. With tenants on month-to-month leases, this is a prime opportunity to increase rental income in a highly sought-after location. Turnkey investment with room for value-add improvements.
Sold for $900,000 on 04/09/25
$900,000
14-16 Phillips St, Providence, RI 02906
5beds
3,654sqft
Multi Family
Built in 1902
-- sqft lot
$916,700 Zestimate®
$246/sqft
$-- Estimated rent
Home value
$916,700
$816,000 - $1.03M
Not available
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 09, 2025 at 12:17pm
Listed by:
Scott Champagne 401-269-3244,
Compass
Bought with:
Lauri Lee, RES.0045383
Residential Properties Ltd.
Source: StateWide MLS RI,MLS#: 1379004
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Gas Connected
Cooling
- None
Appliances
- Included: Gas Water Heater
- Laundry: Common Area, In Building
Features
- Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown)
- Flooring: Hardwood, Laminate
- Basement: Full,Interior and Exterior,Unfinished,Laundry
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 3,016
- Total interior livable area: 3,654 sqft
Property
Parking
- Total spaces: 4
- Parking features: No Garage, Driveway
- Has uncovered spaces: Yes
Features
- Stories: 3
- Patio & porch: Porch
Lot
- Size: 4,791 sqft
- Features: Sidewalks
Details
- Zoning: R2
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Vinyl Siding
- Foundation: Unknown
Condition
- New construction: No
- Year built: 1902
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Connected
- Water: Public
- Utilities for property: Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
Location
- Region: Providence
- Subdivision: East Side
HOA & financial
HOA
- Has HOA: No
Other financial information
- Total actual rent: 4300
Price history
| Date | Event | Price |
|---|---|---|
| 4/9/2025 | Sold | $900,000+0.1%$246/sqft |
Source:  StateWide MLS RI #1379004 | ||
| 3/20/2025 | Pending sale | $899,000$246/sqft |
Source: StateWide MLS RI #1379004 | ||
| 3/11/2025 | Contingent | $899,000$246/sqft |
Source: StateWide MLS RI #1379004 | ||
| 3/6/2025 | Listed for sale | $899,000$246/sqft |
Source: StateWide MLS RI #1379004 | ||
Public tax history
Tax history is unavailable.
Neighborhood: Blackstone
Nearby schools
GreatSchools rating
- 7/10Martin Luther King Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Nathan Bishop Middle SchoolGrades: 6-8Distance: 0.2 mi
- 1/10Hope High SchoolGrades: 9-12Distance: 0.4 mi
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$916,700
2% more+ $18,334
With Zillow Showcase(estimated)
$935,034