361 West Fountain Street, Providence, RI 02903 - Photo 1

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$1,250,000 Just Listed

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Commercial

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Property Description

Incredible investment opportunity in Providence, Rhode Island with preliminary approval in place for the development of 25 residential units. This property offers a rare chance for investors and developers to move forward with a project that already has key groundwork completed, saving valuable time and effort. Positioned in a prime and highly desirable location, this site is ideal for a multi-unit residential project with strong upside potential. Located just minutes from Downtown Providence, offering access to renowned restaurants, nightlife, arts, and entertainment. Nearby Federal Hill provides some of the area's best dining and local charm. Convenient access to Interstate 95, Route 6, and Route 10 ensures easy commuting. Close to Brown University, Johnson & Wales University, and Rhode Island Hospital.

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Full Property Details

Full Property Details for 361 W Fountain St

General

Price: $1,250,000
Taxes: $11,011 (2025)
Status: Active
Type: Commercial
Source: STWMLS
MLS ID: 1406731
Updated: 4/24/2026
Added to Site: 3 day(s) ago

Business

Business Type: Commercial

Location

County: Providence

Utilities

Sewer: Public Sewer

Structural Information

# Buildings: 1
Detached/Attached: Detached
Construction: Masonry
Stories/Levels: 0
Year Built: 1910

Unit Information

Vacancy %: 100

Lot Features

Lot Size (Sq. Ft.): 5,227
Lot Size: 5227
Frontage: City Street

Financial Considerations

Tax Amount: $11,011
Tax Year: 2025

Disclosures and Reports

Property ID: 361WESTFOUNTAINSTPROV
Lot Number: 443

Listed by Century 21 Limitless

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Schools

Schools serving 361 W Fountain St

School District:Providence School District

Name	Grades	Distance
Asa Messer Elementary School 1655 Westminster Street, Providence, RI 02909	K-5	0.8 mi
Alfred Lima Sr. El School 222 Daboll Street, Providence, RI 02907	2-5	1.1 mi
Charles N. Fortes Elementary School 234 Daboll Street, Providence, RI 02907	PK-1	1.1 mi
Gilbert Stuart Middle School 188 Princeton Avenue, Providence, RI 02907	6-8	1 mi
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908	6-8	1.2 mi
Roger Williams Middle School 278 Thurbers Avenue, Providence, RI 02905	6-8	1.5 mi
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903	9-12	0.2 mi
Classical High School, Providence, RI 770 Westminster Street, Providence, RI 02903	9-12	0.2 mi
Hope High School 324 Hope Street, Providence, RI 02906	9-12	1.5 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 361 W Fountain St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/24/2026

Listed

$1,250,000

77.05%

MLS

11/26/2025

Sold

$706,000

—

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 361 W Fountain St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$11,011

-25%

$377,100

-10%

2024

$14,630

—

$416,800

—

2023

$14,630

-1%

$416,800

—

2022

$14,755

14%

$416,800

18%

2021

$12,948

—

$352,800

—

2019

$12,948

$352,800

2018

$12,019

—

$327,500

—

2017

$12,019

—

$327,500

—

2016

$12,019

$327,500

2015

$11,635

—

$316,600

—

2014

$11,635

—

$316,600

—

2013

$11,635

—

$316,600

—

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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 361 W Fountain St

361 West Fountain Street, Providence, RI 02903 (MLS# 1406731) is a Commercial property. 361 West Fountain Street is currently listed for $1,250,000 and was received on April 24, 2026. Want to learn more about 361 West Fountain Street? Do you have questions about finding other Commercial 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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361 W Fountain St Providence, RI 02903