$1,295,000
About this home
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 details
- MLS #
- 1413018
- Property type
- Multi Family
- Subdivision
- N/A
- Status
- Active
- Days on market
- 10
- On market date
- May 19, 2026
- Stories
- N/A
- Total bathrooms
- 5
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.1062 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
- 243
- Student:teacher ratio
- 11.6:1
- District
- Providence
- Enrollment
- 108
- Student:teacher ratio
- 10.8:1
- District
- Urban Collaborative
- Enrollment
- 217
- Student:teacher ratio
- 9.4:1
- District
- Village Green Virtual
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 May 30, 2026.
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.