$1,400,000
About this home
Excellent investment opportunity in desirable Federal Hill! Situated on an oversized lot in an R-4 zone, this fully occupied property offers strong tenant retention and significant potential for future growth. Numerous updates have been completed throughout the units, including modern kitchens and bathrooms, while original hardwood floors retain the property’s classic character. Mechanical improvements include high-efficiency, on-demand heating systems and an updated fire-safety system. Plentiful parking on site. Utilities separate. Additional opportunities may exist to enhance income through storage, parking, laundry, rent optimization, property improvements, or future development, subject to applicable approvals. Buyers and their agents are encouraged to perform their own due diligence. Location offers walkability and close proximity to area entertainment, dining, and shopping. Easy access to public transportation, Rt 10, 6, & 95, and minutes to Downtown Providence Train Station. Within 10 minutes or less of major hospitals, universities, and state offices. Walk or bike to Downtown Providence.
Property details
- MLS #
- 1423818
- Property type
- Commercial
- Subdivision
- Federal Hill
- Status
- Active
- Days on market
- N/A
- On market date
- September 20, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- 10
- Lot size
- 7,841 sqft
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 516
- Student:teacher ratio
- 16.1:1
- District
- Providence
- Enrollment
- 498
- Student:teacher ratio
- 15.1:1
- District
- Providence
- Enrollment
- 659
- Student:teacher ratio
- 9.8:1
- District
- Providence
Walkability
Blended score for Providence's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Providence, from live MLS data.
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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 10 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.