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Executive Summary

Introducing 407-409 Benefit St, a 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 stabilizing as high-demand student rentals, short term rentals, or a condo conversion. Premier location on the East Side of Providence. **Can be delivered vacant at closing**. Separate mechanicals, shared laundry, and a large yard. A savvy investor can explore converting the finished bonus space into an ADU.

Property Facts

Price $1,819,864 CAD
Price Per Unit $454,966 CAD
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.10 AC
Building Size 3,647 SF
No. Stories 3
Year Built 1789
Zoning R-2
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
PROV-160654-000000-000000
Land Assessment
$773,145 CAD
Improvements Assessment
$690,034 CAD
Total Assessment
$1,463,179 CAD
  • Listing ID: 40585239

  • Date on Market: 2026-05-19

  • Last Updated:

  • Address: 407 Benefit St, Providence, RI 02903

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