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.
Sold for $590,000
Zillow last checked:
Listing updated:
Bought with:
Nicola Francis, RES.0034709
Lenox Realty Group
Source: StateWide MLS RI,MLS#: 1411214
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2026 | Sold | $590,000-3.1%$220/sqft |
Source:  StateWide MLS RI #1411214 Report a problem | ||
| 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 | ||
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Estimated market value
$593,800
