Multi Family at 57-59 Forest Street, Providence RI 02906

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40 photos

$1,125,000

57-59 Forest Street, Providence RI 02906

Providence, RI 02906

Listed by Nayeong Cho

Bedrooms

Bathrooms

Living area

2,681 sqft

Year built

1900

About this home

Located in a convenient Providence neighborhood, 57–59 Forest St. is a well-maintained two-family property offering an excellent opportunity for both owner-occupants and investors.The first-floor unit features 2 bedrooms, 1 full bathroom, an updated kitchen, bright living and dining areas, and direct access to a spacious deck and landscaped backyard.The second-floor unit has been fully renovated and offers 4 bedrooms and 2 full bathrooms with modern finishes throughout.Conveniently located about one mile from Brown University and close to hospitals, shopping, dining, parks, and public transportation, this property combines strong rental appeal with long-term investment potential.

Property details

MLS: MLS Property Information Network
MLS #: 73534887
Property type: Multi Family
Subdivision: N/A
Status: Active
Days on market: 135
On market date: June 11, 2026
Stories: 3
Total bathrooms: 3
Garage spaces: N/A
Parking spaces: 6
Lot size: 0.17 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

Martin Luther King El. School

0.47 mi away · Grades -1-5

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: 366
Student:teacher ratio: 15.3:1
District: Providence

Middle

Nathan Bishop Middle

0.36 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: 636
Student:teacher ratio: 13.3:1
District: Providence

High

Hope High School

0.6 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: 943
Student:teacher ratio: 14.3:1
District: Providence

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

15.3 / 20 -- Most walkable

Google Places amenity density

100 / 100

Restaurants & cafes20

Grocery stores5

Parks15

Schools20

Transit stops20

Pharmacies9

Market position

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

On the market 135 days -- 93 more days than Providence's current average of 42 days.

For reference, the median list price across 1,473 active listings in Providence right now is $449,000.

Mortgage calculator

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Home price

Down payment

Interest rate

Loan term

Adjust tax / insurance estimates

Property tax

% / yr

Home insurance

/mo

Est. monthly payment

$6,925/mo

$225,000 down

$900,000 loan

Principal & interest$5,837

Property tax (est.)$938

Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated September 15, 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.