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$1,300,000 Just Listed
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Property Description
Excellent investment opportunity in Providence! Expansive Lot! This well-maintained multi-family property features a total of 10 residential units, including nine 1-bedroom units and one 2-bedroom unit, providing a diverse rental mix and strong income-producing potential. Currently generating rental income, this property is ideal for investors seeking a stable asset in a desirable location with long-term upside. The building has been well cared for and offers are very large lot for possible future potential. Conveniently located near the Silver Lake and West End neighborhoods, residents enjoy easy access to local restaurants, cafes, grocery stores, parks, and neighborhood services. Minutes to Downtown Providence, offering dining, nightlife, entertainment, arts, and major employment centers. Easy access to Route 6, Route 10, Interstate 95, and Interstate 195. Close to Rhode Island Hospital, Hasbro Children's Hospital, educational institutions, public transportation, and approximately 15 20 minutes to T.F. Green Airport. A rare opportunity to acquire a strong income-producing asset in a prime Providence location.
Full Property Details
Full Property Details for 8 Somerset St
General
- Price: $1,300,000
- Taxes: $20,254 (2025)
- Status: Active
- Type: Commercial Multi-Family
- Source: STWMLS
- MLS ID: 1416144
- Updated: 6/25/2026
- Added to Site: 6 day(s) ago
Business
- Business Type: Residential
Location
- County: Providence
Utilities
- Sewer: Connected
- Water: Connected
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 1
- Structure Type: Multi Family
- Detached/Attached: Detached
- Construction: Frame
- Stories/Levels: 0
- Year Built: 1853
Unit Information
- Vacancy %: 30
Lot Features
- Lot Size (Sq. Ft.): 10,019
- Lot Size: 10019
- Frontage: City Street
Financial Considerations
- Tax Amount: $20,254
- Tax Year: 2025
Disclosures and Reports
- Property ID: 8SOMERSETSTPROV
- Lot Number: 324
Listed by Century 21 Limitless
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Schools
Schools serving 8 Somerset St
School District:Providence School District
| Name | Grades | Distance |
|---|---|---|
Robert L Bailey IV, Elementary School 65 Gordon Avenue, Providence, RI 02905 | K-5 | 0.8 mi |
Alfred Lima Sr. El School 222 Daboll Street, Providence, RI 02907 | 2-5 | 0.8 mi |
Charles N. Fortes Elementary School 234 Daboll Street, Providence, RI 02907 | PK-1 | 0.8 mi |
Gilbert Stuart Middle School 188 Princeton Avenue, Providence, RI 02907 | 6-8 | 0.7 mi |
Roger Williams Middle School 278 Thurbers Avenue, Providence, RI 02905 | 6-8 | 1.2 mi |
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908 | 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 |
W B Cooley & Academy Internationa 182 Thurbers Avenue, Providence, RI 02905 | 9-12 | 1.2 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 8 Somerset St
Date
Details
Price
Change
Source
6/25/2026
Listed
$1,300,000
33.33%
MLS
1/19/2024
Sold
$975,000
—
Public Record
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 8 Somerset St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$20,254
89%
$779,000
34%
2024
$10,705
—
$583,400
—
2023
$10,705
3%
$583,400
—
2022
$10,385
-22%
$583,400
60%
2021
$13,399
—
$365,100
—
2019
$13,399
8%
$365,100
-6%
2018
$12,391
—
$387,700
—
2017
$12,391
-13%
$387,700
—
2016
$14,229
16%
$387,700
16%
2015
$12,230
—
$332,800
—
2014
$12,230
—
$332,800
—
2013
$12,230
—
$332,800
—
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 8 Somerset St
8 Somerset Street, Providence, RI 02907 (MLS# 1416144) is a Commercial Multi-Family property. 8 Somerset Street is currently listed for $1,300,000 and was received on June 25, 2026. Want to learn more about 8 Somerset Street? Do you have questions about finding other Commercial 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.

