Multi Family at 141 Ocean Street, Providence
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20 photos

$1,199,900

141 Ocean Street
Providence, RI 02905
Listed by Jessica Rebello
Bedrooms
10
Bathrooms
7
Living area
N/A
Year built
2026

About this home

Welcome to 141 Ocean Street, a newly constructed four-family property offering an exceptional investment opportunity in Providence. Built by a long-standing Providence builder known for quality craftsmanship, this thoughtfully designed property combines modern finishes, functional layouts, and strong rental appeal. Three of the four units feature 3 bedrooms and 2 full bathrooms, while the lower-level unit offers 1 bedroom and 1 full bathroom, providing excellent flexibility for a variety of rental opportunities. Each unit has been designed with today’s tenants in mind, offering comfortable living spaces, modern finishes, and practical floor plans. The property also offers off-street parking, an important amenity for both tenants and investors, while its Providence location provides convenient access to major roadways, local amenities, shopping, dining, and everything the city has to offer. With new construction, quality workmanship from an established local builder, multiple income-producing units, and desirable parking, 141 Ocean Street presents a rare opportunity to add a turnkey, low-maintenance asset to your portfolio.

Highlights

New construction

Property details

MLS #
1422214
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
10
On market date
September 1, 2026
Stories
3
Total bathrooms
7
Garage spaces
N/A
Parking spaces
4
Lot size
0.09 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Mary E. Fogarty El. School
0.06 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
404
Student:teacher ratio
16.2:1
District
Providence
Middle
Roger Williams Middle
0.24 mi away · Grades 6-8
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
735
Student:teacher ratio
13.6:1
District
Providence
High
360 High School
0.24 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
323
Student:teacher ratio
12.9:1
District
Providence

Walkability

Blended score for Providence's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

87
Highly walkable
out of 100
EPA National Walkability Index
15.7 / 20 -- Most walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks13
Schools20
Transit stops20
Pharmacies9

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 1,141 active listings in Providence right now is $440,000.

Mortgage calculator

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

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Est. monthly payment
$7,376/mo
$239,980 down
$959,920 loan
Principal & interest$6,226
Property tax (est.)$1,000
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 13 days ago.

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.