$1,500,000
About this home
Former convent with maintenance-free brick exterior, reimagined into a documented income-producing property across three floors. Eleven bedrooms and six baths span a layout built for shared occupancy: each floor centers on a common area, with an ensuite plus additional bedrooms sharing a bath and kitchen. That structure suits group home operators, sober-living or transitional housing, student housing, and institutional buyers, as well as conventional investors. A finished lower level adds five rooms, a bath, and coin-op laundry, future expansion potential once brought into egress compliance, not part of the current bedroom count.**Documented annual income runs $174,960, spanning long-term tenancy and an active Airbnb/Cloudbeds short-term rental operation. Sold fully furnished, running near a 7.5% cap rate at the current ask.**Heart of Federal Hill, walking distance to Atwells Avenue's dining and shops, ample parking, close to downtown Providence and the train.
Property details
- MLS #
- 73578837
- Property type
- 3 Family
- Subdivision
- N/A
- Status
- Active
- Days on market
- 14
- On market date
- September 16, 2026
- Stories
- 3
- Total bathrooms
- 6
- Garage spaces
- N/A
- Parking spaces
- 8
- Lot size
- 0.2 acres
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 MLS Property Information Network via Trestle/CoreLogic. Last updated 9 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.