For sale

$1,100,000

407 Benefit St, Providence, RI 02903

5beds

3,647sqft

$7,146/mo

Get pre-qualified

Multi Family

Built in 1870

-- sqft lot

$1,070,200 Zestimate^®

$302/sqft

$-- HOA

What's special

Large yardShared laundryAdditional finished bonus spaceSeparate mechanicals

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.

53 days
337
15

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 5
Full bathrooms: 5

Heating

Electric, Natural Gas, Baseboard, Gas on Gas, Space Heater

Cooling

None

Appliances

Included: Electric Water Heater, Gas Water Heater

Features

Flooring: Hardwood, Other
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: Mixed, Stone

Condition

New construction: No
Year built: 1870

Utilities & green energy

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

Community & HOA

HOA

Has HOA: No

Location

Region: Providence

Financial & listing details

Price per square foot: $302/sqft
Tax assessed value: $1,029,900
Annual tax amount: $14,418
Date on market: 8/14/2026
Inclusions: Legal 4 unit being sold "As Is". Please reach out for rent roll
Total actual rent: 0

Estimated market value

$1,070,200

$1.02M - $1.12M

$3,676/mo

Price history

Date	Event	Price
8/14/2026	Listed for sale	$1,100,000-15.1%$302/sqft
Source: StateWide MLS RI #1420707 Report a problem
7/17/2026	Listing removed	$1,295,000$355/sqft
Source: StateWide MLS RI #1413018 Report a problem
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