161 Benefit Street, Providence, RI 02903 - Photo 1

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$6,350,000 -$500,000 (-7.3%) Price Reduced

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Commercial Residential Facility

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Property Description

Introducing the George Earle Building - A unique opportunity to acquire an incoming-producing, signature property on Providence's famed Benefit Street. In the heart of College Hill, just steps to Brown University and RISD, this multi-use building has been expertly maintained and upgraded by its current owner. This 4-level brick building has 12 units in total 3 Commercial spaces encompassing the first floor, and 9 residential units on the upper 3 floors. All common areas underwent extensive renovations in 2024, resulting in elegant stairways and corridors, lending to the upscale residential atmosphere. The 3 Commercial spaces on the first floor are currently combined and leased out to a Top local restaurant a fantastic long-term tenant for the new owner. This first floor space opens directly to pedestrians on Benefit Street and features walls of glass, exposed brickwork, and city views. The front of the building has been restored to its former glory gorgeous custom wood doors and windows, and handsome millwork. All 9 residential units feature soaring ceilings, in-unit laundry, stone flooring, and original historic details including plaster moldings and marble fireplaces. Many of the units feature stunning views of Benefit Street and the surrounding neighborhood. The listing package includes the buildable lot at 54 Meeting Street - Zoned R-3 HD, which is currently used as 10 parking spaces. Take advantage of this turn-key investment property unlike any other.

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Full Property Details

Full Property Details for 161 Benefit St

General

Price: $6,350,000
Taxes: $58,248 (2025)
Status: Active
Type: Commercial Residential Facility
Source: STWMLS
MLS ID: 1405710
Updated: 6/2/2026
Added to Site: 91 day(s) ago

Business

Business Type: Food & Beverage, Mixed, Parking, Restaurant, Residenti

Rental Information

Lease Info: Gross

Interior

Furnishings: Unfurnished

Rooms

Other Rooms

Laundry: In Unit

Additional Information

Shared Amenities: Restaurant
Security/Safety: Closed Circuit Camera(s), Carbon Monoxide Detector(s), Fire Alarm, Fire Escape, Smoke Detector(s), Security Lights, Building Security, Fire Sprinkler System

Parking

Total Spaces: 10

Location

County: Providence
Subdivision: College Hill
Building Name: George R. Earle Building
Near Highway: Yes

Community

Units Assoc/Comm: 12

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air Conditioning, Partial, Window Unit(s)
Heating Type: Central, Forced Air

Utilities

Sewer: Connected, Public Sewer
Water: Connected, Public
Cable Available: Yes
Utility Description: Cable Available, Electricity Available, Natural Gas Connected, Municipal Utilities, Phone Available, Water Connected, Sewer Connected

Structural Information

# Buildings: 1
Architectural Style: Historic/Antique
Structure Type: Apartment, Multi Family
Detached/Attached: Attached
Construction: Brick, Masonry
Basement: Yes
Basement Desc.: Partial
Stories/Levels: 4
Building Size: 9687
Finished Total: 9,687 Sq. Ft.
Finished Above Grnd: 9,687 Sq. Ft.
Year Built: 1876
Other Struct. Feat.: Public Restrooms

Lot Features

Lot Size (Acres): 0.175
Lot Size (Sq. Ft.): 7,661
Lot Size: 7661
Frontage: City Street, Concrete, Paved
Street Lights: Yes
Sidewalks: Yes
Lot Features: Corner Lot, Historic District
Potential Use: Multi-Family, Mixed Use, Residential

Green Features

Location: Public Transportation, Walkability

Financial Considerations

Tax Amount: $58,248.16
Tax Year: 2025
Owner Pays: Common Area Maintenance, Exterior Maintenance, Grounds Care, HVAC Maintenance, Insurance, Janitorial Service, Management, Pest Control, Repairs, Roof Maintenance, Snow Removal, Taxes, Trash Collection, Telephone, W
Tenant Pays: Air Conditioning, Cable TV, Electricity, Gas, Heat, Hot Water, Telephone

Disclosures and Reports

Documents Avail.: Aerial, Building Plans
Inclusions: The listing includes the buildable lot at 54 Meeting Street - Zoned R-3 HD. All appliances in residential units (including combination washer/dryer) convey with the sale.
Property ID: 161BENEFITSTPROV
Lot Number: 67&208

Listed by Residential Properties Ltd.

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— 161 Benefit St —

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Schools

Schools serving 161 Benefit St

School District:Providence School District

Name	Grades	Distance
Martin Luther King El. School 35 Camp Street, Providence, RI 02906	K-5	0.6 mi
Vartan Gregorian El. School 455 Wickenden Street, Providence, RI 02903	PK-5	1 mi
Harry Kizirian Elementary School 60 Camden Avenue, Providence, RI 02908	K-5	1.2 mi
Nathan Bishop Middle School 101 Sessions Street, Providence, RI 02906	6-8	1.1 mi
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908	6-8	1.3 mi
Esek Hopkins Middle School 480 Charles Street, Providence, RI 02904	6-8	1.5 mi
Hope High School 324 Hope Street, Providence, RI 02906	9-12	0.5 mi
Classical High School, Providence, RI 770 Westminster Street, Providence, RI 02903	9-12	1 mi
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903	9-12	1.1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 161 Benefit St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

6/02/2026

Price Reduced

$6,350,000

-7.3%

MLS

3/04/2026

Listed

$6,850,000

30.48%

MLS

1/10/2024

Sold

$5,250,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 161 Benefit St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$45,698

100%

$1,565,000

40%

2024

100%

$1,120,000

—

2023

-100%

$1,120,000

—

2022

$39,648

-1%

$1,120,000

2021

$39,996

—

$1,089,800

—

2019

$39,996

100%

$1,089,800

2018

100%

$1,073,900

—

2017

100%

$1,073,900

—

2016

100%

$1,073,900

2015

100%

$1,056,700

2014

-100%

$1,034,200

—

2008

$31,636

—

$1,034,200

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 161 Benefit St

161 Benefit Street, Providence, RI 02903 (MLS# 1405710) is a Commercial Residential Facility property. 161 Benefit Street is currently listed for $6,350,000 and was received on March 04, 2026. Want to learn more about 161 Benefit Street? Do you have questions about finding other Commercial Residential Facility real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

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161 Benefit St Providence, RI 02903