Discover an outstanding investment opportunity at 5 Lee St, a legally conforming three-family residence located in Federal Hill. This is clean and well-maintained three-family home, officially updated with a recently obtained certificate of occupancy (CO) for legal conformance. The building features three well-sized two-bedroom units with market rents being $2000-$2400 a month for this area., presenting significant potential for immediate rental growth and maximizing your return on investment. The property is up to date with lead conformance with all lead certificates being up to date. All tenants are long-term residents and are currently on month-to-month contracts. The property is ideally situated just steps from the popular shops and renowned restaurants that Atwells Ave, Broadway, and Federal Hill have to offer, making it a popular destination for qualified tenants.
Pending
Price cut: $20K (5/15)
$609,000
5 Lee St, Providence, RI 02903
6beds
2,679sqft
Multi Family
Built in 1920
-- sqft lot
$602,000 Zestimate®
$227/sqft
$-- HOA
What's special
Three well-sized two-bedroom units
- 68 days |
- 37 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Nicola Francis 617-447-9312,
Lenox Realty Group
Source: StateWide MLS RI,MLS#: 1411214
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Shower Stall
Heating
- Natural Gas, Baseboard
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater, Dryer, Oven/Range, Refrigerator, Washer
- Laundry: Common Area
Features
- Wall (Dry Wall), Insulation (Unknown)
- Flooring: Ceramic Tile, Hardwood
- Basement: Full,Interior and Exterior,Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,679
- Total interior livable area: 2,679 sqft
Property
Parking
- Total spaces: 3
- Parking features: No Garage
Features
- Stories: 3
Lot
- Size: 2,038 Square Feet
Details
- Parcel number: PROVM28L173
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Vinyl Siding
- Foundation: Brick/Mortar, Block, Concrete Perimeter, Mixed
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: 100 Amp Service
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Commuter Bus, Highway Access, Hospital, Interstate, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping
- Subdivision: Federal Hill
HOA
- Has HOA: No
Location
- Region: Providence
Financial & listing details
- Price per square foot: $227/sqft
- Tax assessed value: $564,100
- Annual tax amount: $7,897
- Date on market: 4/29/2026
- Total actual rent: 7400
- Tenant pays: Heat
Estimated market value
$602,000
$572,000 - $632,000
$2,841/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Pending sale | $609,000$227/sqft |
Source:  StateWide MLS RI #1411214 Report a problem | ||
| 5/15/2026 | Price change | $609,000-3.2%$227/sqft |
Source: StateWide MLS RI #1411214 Report a problem | ||
| 4/29/2026 | Listed for sale | $629,000-4.6%$235/sqft |
Source: StateWide MLS RI #1411214 Report a problem | ||
| 4/28/2026 | Listing removed | $659,000$246/sqft |
Source: StateWide MLS RI #1410216 Report a problem | ||
| 4/16/2026 | Listed for sale | $659,000+1302.1%$246/sqft |
Source: StateWide MLS RI #1410216 Report a problem | ||
| 8/7/1997 | Sold | $47,000$18/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,897 +3.6% | $564,100 +35.8% |
| 2024 | $7,624 +3.1% | $415,500 |
| 2023 | $7,396 | $415,500 |
| 2022 | $7,396 +27.1% | $415,500 +75.3% |
| 2021 | $5,821 +0% | $237,000 |
| 2020 | $5,821 | $237,000 |
| 2019 | $5,821 +33.9% | $237,000 +74.3% |
| 2018 | $4,347 0% | $136,000 |
| 2017 | $4,347 | $136,000 |
| 2016 | $4,347 +6.9% | $136,000 +10.7% |
| 2015 | $4,068 -1.9% | $122,900 |
| 2013 | $4,148 -15.3% | $122,900 -20% |
| 2012 | $4,898 | $153,600 |
| 2011 | $4,898 +5% | $153,600 |
| 2010 | $4,666 -17.6% | $153,600 -34.4% |
| 2009 | $5,665 +6% | $234,000 |
| 2007 | $5,345 +22.4% | $234,000 +61.9% |
| 2006 | $4,368 | $144,500 |
| 2005 | $4,368 | $144,500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Federal Hill
Nearby schools
GreatSchools rating
- 4/10Asa Messer Elementary SchoolGrades: PK-4Distance: 0.6 mi
- 5/10Nathanael Greene Middle SchoolGrades: 6-8Distance: 0.8 mi
- 3/10Central High SchoolGrades: 9-12Distance: 0.6 mi
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