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Real Estate
No photos available for this listing

$1,295,000

407 Benefit Street
Providence, RI 02903
Listed by Spencer Kelleher
Bedrooms
5
Bathrooms
5
Living area
N/A
Year built
1784

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
N/A
Stories
N/A
Garage spaces
N/A
Lot size
0.1062 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Vartan Gregorian El. School
0.38 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
243
Student:teacher ratio
11.6:1
District
Providence
Middle
Urban Collaborative Program
1.04 mi away · Grades 7-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
108
Student:teacher ratio
10.8:1
District
Urban Collaborative
HighCharter
Village Green Virtual
0.56 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
217
Student:teacher ratio
9.4:1
District
Village Green Virtual

Mortgage calculator

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Est. monthly payment
$7,949/mo
$259,000 down
$1,036,000 loan
Principal & interest$6,719
Property tax (est.)$1,079
Home insurance (est.)$150

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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.