Multi Family at 407 Benefit Street, Providence

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24 photos

$1,100,000

407 Benefit Street

Providence, RI 02903

Listed by Spencer Kelleher

Bedrooms

Bathrooms

Living area

N/A

Year built

1870

About this home

Welcome to 407 Benefit St, a legal 4-unit building in the heart of Brown and RISD's campus, being offered for sale "as is". This 4 unit building, with an additional finished bonus space, offers significant upside and rent growth for investors. The location speaks for itself. Incredibly strong rental demand. Separate mechanicals, shared laundry, and a large yard. Potential to convert the finished space into an ADU.

Property details

MLS: Rhode Island Association of REALTORS
MLS #: 1420707
Property type: Multi Family
Subdivision: N/A
Status: Active
Days on market: 10
On market date: August 14, 2026
Stories: N/A
Total bathrooms: 5
Garage spaces: N/A
Parking spaces: N/A
Lot size: 0.1062 acres

Location

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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.

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

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).

Highly walkable

out of 100

EPA National Walkability Index

17.3 / 20 -- Most walkable

Google Places amenity density

100 / 100

Restaurants & cafes20

Grocery stores12

Parks20

Schools20

Transit stops20

Pharmacies8

Market position

How this listing compares to current activity in Providence, from live MLS data.

On the market 10 days -- 32 fewer days than Providence's current average of 42 days.

For reference, the median list price across 1,418 active listings in Providence right now is $449,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

Home price

Down payment

Interest rate

Loan term

Adjust tax / insurance estimates

Property tax

% / yr

Home insurance

/mo

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 August 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.