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Sold for $1,900,000 on 10/13/23
  • $1,900,000

    302 Benefit St, Providence, RI 02903

    11beds
    4,737sqft
    Multi Family
    Built in 1870
    -- sqft lot
    $2,136,300 Zestimate®
    $401/sqft
    $2,285 Estimated rent

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    $2,285/mo

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    $2,285/mo

    Rent Zestimate®

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    $9,885/mo

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    $9,885/mo

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    What's special

    Rare opportunity to own a legal 8-Unit building on 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 in March for the following academic year with room to increase rents. The units are separately metered and there is coin-op laundry on site.

    Zillow last checked: 7 hours ago

    Listing updated: October 13, 2023 at 02:00pm

    Listed by:

    Spencer Kelleher 508-493-7093,

    William Raveis Inspire

    Bought with:

    Spencer Kelleher, RES.0048238

    William Raveis Inspire

    Source: StateWide MLS RI,MLS#: 1339334MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 8
    • Full bathrooms: 8
    Heating
    • Electric, Heat Pump
    Cooling
    • Heat Pump
    Appliances
    • Included: Gas Water Heater
    • Laundry: Common Area, In Building
    Features
    • Plumbing (PVC)
    • Flooring: Hardwood
    • Basement: Full,Interior and Exterior,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 4,737
    • Total interior livable area: 4,737 sqft

    Property

    Parking
    • Total spaces: 17
    • Parking features: No Garage, Driveway
    • Has uncovered spaces: Yes
    Features
    • Stories: 3
    Lot
    • Size: 8,576 sqft
    • Features: Local Historic District
    Details
    • Zoning: R2
    • Special conditions: 3rd Party/Corporate Owned

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Clapboard
    • Foundation: Stone
    Condition
    • New construction: No
    • Year built: 1870

    Utilities & green energy

    • Electric: 200+ Amp Service
    • Sewer: Public Connected
    • Water: Public
    • Utilities for property: Water Connected

    Community & neighborhood

    Community
    • Community features: Near Public Transport, Highway Access, Private School, Restaurants, Schools
    Location
    • Region: Providence
    • Subdivision: College Hill

    HOA & financial

    Other financial information
    • Total actual rent: 14275