INNOVATE
Real Estate
No photos available for this listing

$1,100,000

361 West Fountain Street
Providence, RI 02903
Listed by Kyle Seyboth
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1910

About this home

Incredible investment opportunity in Providence, Rhode Island with preliminary approval in place for the development of 25 residential units. This property offers a rare chance for investors and developers to move forward with a project that already has key groundwork completed, saving valuable time and effort. Positioned in a prime and highly desirable location, this site is ideal for a multi-unit residential project with strong upside potential. Located just minutes from Downtown Providence, offering access to renowned restaurants, nightlife, arts, and entertainment. Nearby Federal Hill provides some of the area’s best dining and local charm. Convenient access to Interstate 95, Route 6, and Route 10 ensures easy commuting. Close to Brown University, Johnson & Wales University, and Rhode Island Hospital.

Property details

MLS #
1406731
Property type
Commercial
Subdivision
N/A
Status
Active
Days on market
29
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
5,227 sqft

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Carl G. Lauro El. School
0.26 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
553
Student:teacher ratio
12.9:1
District
Providence
Middle
Urban Collaborative Program
0.12 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
High
Classical High School
0.14 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,103
Student:teacher ratio
17.0:1
District
Providence

Mortgage calculator

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Est. monthly payment
$6,774/mo
$220,000 down
$880,000 loan
Principal & interest$5,708
Property tax (est.)$917
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 24, 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.