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$1,295,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 5 Total Beds
  • 0.1062 Acres
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Introducing 407-409 Benefit St, a 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 stabilizing as high-demand student rentals, short term rentals, or a condo conversion. Premier location on the East Side of Providence. Can be delivered vacant at closing. Separate mechanicals, shared laundry, and a large yard. A savvy investor can explore converting the finished bonus space into an ADU.

Full Property Details for 407 Benefit St

General

  • Price: $1,295,000
  • Taxes: $14,418 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: STWMLS
  • MLS ID: 1413018
  • Updated: 5/19/2026
  • Added to Site: 51 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: 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

  • Property ID: 407BENEFITSTPROV
  • Lot Number: 654

Listed by William Raveis Inspire

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Listing agent

— 407 Benefit St —

  • William Raveis Inspire

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 407 Benefit St

School District:Providence School District
NameGradesDistance
Vartan Gregorian El. School
455 Wickenden Street, Providence, RI 02903
PK-50.4 mi
Martin Luther King El. School
35 Camp Street, Providence, RI 02906
K-51.2 mi
Mary E. Fogarty El. School
199 Oxford Street, Providence, RI 02905
K-51.3 mi
Nathan Bishop Middle School
101 Sessions Street, Providence, RI 02906
6-81.5 mi
Roger Williams Middle School
278 Thurbers Avenue, Providence, RI 02905
6-81.6 mi
Gilbert Stuart Middle School
188 Princeton Avenue, Providence, RI 02907
6-81.7 mi
Central High School, Providence, RI
70 Fricker Street, Providence, RI 02903
9-121 mi
Classical High School, Providence, RI
770 Westminster Street, Providence, RI 02903
9-121 mi
Hope High School
324 Hope Street, Providence, RI 02906
9-121 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
5/19/2026
Listed
$1,295,000
298.46%
MLS
1/13/2014
Sold
$325,000
—
Public Record
Get Price Alerts and Save Property
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 for 407 Benefit St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,419
5%
$1,029,900
38%
2024
$13,689
—
$746,000
—
2023
$13,689
3%
$746,000
—
2022
$13,279
5%
$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
8%
$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.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by William Raveis Inspire

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407 Benefit Street, Providence, RI 02903 (MLS# 1413018) is a Multi-Family property with 4 units containing 5 bedrooms and 5 full bathrooms. 407 Benefit Street is currently listed for $1,295,000 and was received on May 19, 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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