For sale

$1,295,000

407 Benefit St, Providence, RI 02903

5beds

3,647sqft

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Multi Family

Built in 1784

-- sqft lot

$1,258,200 Zestimate^®

$355/sqft

$-- HOA

What's special

Additional bonus spaceLarge yardShared laundrySeparate mechanicals

Introducing 407-409 Benefit St, a value-add opportunity in the heart of Brown and RISD's campus. This legal 4-unit property, with additional bonus space, offers exceptional upside for investors whether stabilizing as high-demand student rentals, short term rentals, or a condo conversion. Premier location on the East Side of Providence. Can be delivered vacant at closing. Separate mechanicals, shared laundry, and a large yard. A savvy investor can explore converting the finished bonus space into an ADU.

46 days

406

23

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 5
Full bathrooms: 5

Heating

Electric, Natural Gas, Baseboard, Gas on Gas

Cooling

Window Unit(s)

Appliances

Included: Gas Water Heater
Laundry: Common Area, In Building

Features

Flooring: Hardwood, Vinyl
Basement: Full,Interior and Exterior,Unfinished
Number of fireplaces: 2

Interior area

Total structure area: 3,647
Total interior livable area: 3,647 sqft

Property

Parking

Parking features: No Garage

Lot

Size: 4,626 Square Feet
Features: Local Historic District

Details

Parcel number: PROVM16L654

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Other Siding, Shingles
Foundation: Unknown

Condition

New construction: No
Year built: 1784

Utilities & green energy

Electric: 100 Amp Service
Sewer: Public Connected
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Providence

Financial & listing details

Price per square foot: $355/sqft
Tax assessed value: $1,029,900
Annual tax amount: $14,418
Date on market: 5/19/2026
Total actual rent: 0

Estimated market value

$1,258,200

$1.20M - $1.32M

$2,682/mo

Price history

Date	Event	Price
5/19/2026	Listed for sale	$1,295,000-7.2%$355/sqft
Source: StateWide MLS RI #1413018 Report a problem
5/19/2026	Listing removed	$1,395,000$383/sqft
Source: StateWide MLS RI #1409306 Report a problem
4/6/2026	Listed for sale	$1,395,000+329.2%$383/sqft
Source: StateWide MLS RI #1409306 Report a problem
4/14/2023	Listing removed	--
Source: Zillow Rentals Report a problem
4/11/2023	Listed for rent	$1,650+24.5%
Source: Zillow Rentals Report a problem
2/24/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
2/18/2021	Listed for rent	$1,325+6%
Source: Zillow Rental Manager Report a problem
8/13/2020	Listing removed	$1,250
Source: Owner Report a problem
8/6/2020	Listed for rent	$1,250
Source: Owner Report a problem
1/14/2014	Sold	$325,000+1525%$89/sqft
Source: Public Record Report a problem
12/16/2008	Sold	$20,000$5/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$14,419 +5.3%	$1,029,900 +38.1%
2024	$13,689 +3.1%	$746,000
2023	$13,279	$746,000
2022	$13,279 +5%	$746,000 +44.8%
2021	$12,651 +0%	$515,100
2020	$12,651	$515,100
2019	$12,651 -9.9%	$515,100 +17.3%
2018	$14,040 +0%	$439,300
2017	$14,040	$439,300
2016	$14,040 +7.7%	$439,300 +11.6%
2015	$13,035 -1.9%	$393,800
2013	$13,291 -16.1%	$393,800 -20.8%
2012	$15,849	$497,000
2011	$15,849 +5%	$497,000
2010	$15,099 +7.8%	$497,000 -14.1%
2009	$14,010 +12.6%	$578,700 +6.2%
2007	$12,446 -11.5%	$544,900 +17.2%
2006	$14,060	$465,100
2005	$14,060	$465,100

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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