407 Benefit Street, Providence, RI 02903 - Photo 1

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$1,395,000 Just Listed

For Sale
Active
Multi-Family
4 Units
5 Total Beds
0.1062 Acres
Updated 8 hours ago

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Property Description

Introducing 407 409 Benefit Street, a rare value-add opportunity in the heart of Brown and RISD's campus. This legal 4-unit property, with additional bonus space, offers exceptional upside for investors, whether pursuing a condominium conversion or stabilizing as high-demand rentals in one of Providence's most sought-after locations. The building can be delivered vacant at closing, providing immediate flexibility to renovate, reposition, and maximize returns. Features include separate mechanicals, on-site laundry, and a large yard, an uncommon amenity in this prime location. Opportunities like this are increasingly scarce don't miss your chance to capitalize on a premier asset in an unbeatable location.

Full Property Details

Full Property Details for 407 Benefit St

General

Price: $1,395,000
Taxes: $14,418 (2025)
Status: Active
Type: Multi-Family
Source: STWMLS
MLS ID: 1409306
Updated: 4/6/2026
Added to Site: 1 day(s) ago

Interior

Number of Rooms: 14
Fireplace: Yes
Number of Fireplaces: 2
Appliances: Gas Water Heater
Flooring: Hardwood, Vinyl

Rooms

Bathrooms

Total Bathrooms: 5
Full Bathrooms: 5

Bedrooms

Total Bedrooms: 5

Other Rooms

Laundry: Common Area

Parking

Parking Features: No Garage

Location

County: Providence

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Window Unit(s)
Heating Type: Baseboard, Electric, Gas

Utilities

Sewer: Connected, Public Sewer
Water: Public
Utility Description: Sewer Connected

Structural Information

# Buildings: 1
Architectural Style: Stacked, Side By Side
Detached/Attached: Detached
Construction: Other, Shingle Siding
Basement: Yes
Basement Desc.: Exterior Entry, Full, Interior Entry, Unfinished
Stories/Levels: 0
Building Size: 3647
Finished Total: 3,647 Sq. Ft.
Finished Above Grnd: 3,647 Sq. Ft.
Year Built: 1784

Lot Features

Lot Size (Acres): 0.1062
Lot Size (Sq. Ft.): 4,626
Lot Size: 4626

Financial Considerations

Tax Amount: $14,418.6
Tax Year: 2025

Disclosures and Reports

Inclusions: Legal 4 Unit
Property ID: 407BENEFITSTPROV
Lot Number: 654

Listed by William Raveis Inspire

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Schools

Schools serving 407 Benefit St

School District:Providence School District

Name	Grades	Distance
Vartan Gregorian El. School 455 Wickenden Street, Providence, RI 02903	PK-5	0.4 mi
Martin Luther King El. School 35 Camp Street, Providence, RI 02906	K-5	1.2 mi
Mary E. Fogarty El. School 199 Oxford Street, Providence, RI 02905	K-5	1.3 mi
Nathan Bishop Middle School 101 Sessions Street, Providence, RI 02906	6-8	1.5 mi
Roger Williams Middle School 278 Thurbers Avenue, Providence, RI 02905	6-8	1.6 mi
Gilbert Stuart Middle School 188 Princeton Avenue, Providence, RI 02907	6-8	1.7 mi
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903	9-12	1 mi
Classical High School, Providence, RI 770 Westminster Street, Providence, RI 02903	9-12	1 mi
Hope High School 324 Hope Street, Providence, RI 02906	9-12	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 407 Benefit St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/06/2026

Listed

$1,395,000

329.23%

MLS

1/13/2014

Sold

$325,000

—

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 407 Benefit St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$14,419

$1,029,900

38%

2024

$13,689

—

$746,000

—

2023

$13,689

$746,000

—

2022

$13,279

$746,000

45%

2021

$12,651

—

$515,100

—

2019

$12,651

-10%

$515,100

17%

2018

$14,040

—

$439,300

—

2017

$14,040

—

$439,300

—

2016

$14,040

$439,300

12%

2015

$13,035

-2%

$393,800

—

2013

$13,291

—

$393,800

—

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 407 Benefit St

407 Benefit Street, Providence, RI 02903 (MLS# 1409306) is a Multi-Family property with 4 units containing 5 bedrooms and 5 full bathrooms. 407 Benefit Street is currently listed for $1,395,000 and was received on April 06, 2026. Want to learn more about 407 Benefit Street? Do you have questions about finding other Multi-Family 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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407 Benefit St Providence, RI 02903