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$1,300,000

8 Somerset Street
Providence, RI 02907
Listed by Kyle Seyboth
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1853

About this home

Excellent investment opportunity in Providence! Expansive Lot! This well-maintained multi-family property features a total of 10 residential units, including nine 1-bedroom units and one 2-bedroom unit, providing a diverse rental mix and strong income-producing potential. Currently generating rental income, this property is ideal for investors seeking a stable asset in a desirable location with long-term upside. The building has been well cared for and offers are very large lot for possible future potential. Conveniently located near the Silver Lake and West End neighborhoods, residents enjoy easy access to local restaurants, cafes, grocery stores, parks, and neighborhood services. Minutes to Downtown Providence, offering dining, nightlife, entertainment, arts, and major employment centers. Easy access to Route 6, Route 10, Interstate 95, and Interstate 195. Close to Rhode Island Hospital, Hasbro Children's Hospital, educational institutions, public transportation, and approximately 15–20 minutes to T.F. Green Airport. A rare opportunity to acquire a strong income-producing asset in a prime Providence location.

Property details

MLS #
1416144
Property type
Multi Family,Commercial
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
10,019 sqft
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Nearby schools

Within 10 miles · public school directory data (NCES)

ElementaryCharter
SouthSide Elementary Charter
0.28 mi away · Grades 0-5
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
143
Student:teacher ratio
17.9:1
District
SouthSide Charter School
MiddleCharter
Providence Preparatory Charter
0.4 mi away · Grades 5-6
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
112
Student:teacher ratio
12.4:1
District
Providence Preparatory Charter
High
Central High School
0.22 mi away · Grades 9-12
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
1,122
Student:teacher ratio
14.6:1
District
Providence

Mortgage calculator

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Est. monthly payment
$7,979/mo
$260,000 down
$1,040,000 loan
Principal & interest$6,745
Property tax (est.)$1,083
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated June 25, 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.