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$699,000
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Property Description
Located between Atwells Avenue & Broadway, 98 Penn Street offers a prime opportunity to experience the vibrant & eclectic West Side of Providence. This legal three-family property features three well-appointed two-bedroom, one-bath units, each with hardwood floors & architectural details that add to the home's character. ** The interiors & mechanicals have been updated, while long-term tenancy has kept rents below market value, presenting significant upside potential. Each unit offers a functional layout with well-proportioned rooms, maintaining a balance of charm & modern convenience.** Ideally situated with easy access to downtown, the East Side, hospitals, highways, & within walking distance to the train station, this property is well-positioned for both investors & owner-occupants seeking a strong location & long-term value.
Full Property Details
Full Property Details for 98 Penn St
General
- Price: $699,000
- Taxes: $7,674 (2024)
- Status: Active
- Type: Multi-Family
- Source: STWMLS
- MLS ID: 1375616
- Updated: 4/22/2025
- Added to Site: 325 day(s) ago
Interior
- Number of Rooms: 15
- Appliances: Gas Water Heater
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Parking
- Total Spaces: 1
- Parking Features: No Garage
Location
- County: Providence
- Subdivision: West Side/ Federal Hill
- Near Highway: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Gas
Utilities
- Sewer: Connected
- Water: Connected
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Construction: Shingle Siding, Wood Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished, Walk-Out Access
- Stories/Levels: 0
- Building Size: 2043
- Finished Total: 2,043 Sq. Ft.
- Finished Above Grnd: 2,043 Sq. Ft.
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,742
- Lot Size: 1742
Financial Considerations
- Operating Expenses: $12,233
- Tax Amount: $7,674
- Tax Year: 2024
Disclosures and Reports
- Inclusions: Also see adjacent property & portfolio package deal consisting of 3 multi-family properties: MLS Number 1375614 & 1381325
- Property ID: 98PENNSTPROV
- Lot Number: 221
Listed by Westcott Properties
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Schools
Schools serving 98 Penn St
School District:Providence School District
| Name | Grades | Distance |
|---|---|---|
Asa Messer Elementary School 1655 Westminster Street, Providence, RI 02909 | K-5 | 0.4 mi |
William D'abate Elementary School 60 Kossuth Street, Providence, RI 02909 | K-5 | 0.8 mi |
Webster Avenue School 191 Webster Avenue, Providence, RI 02909 | K-5 | 1.1 mi |
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908 | 6-8 | 0.9 mi |
Gilbert Stuart Middle School 188 Princeton Avenue, Providence, RI 02907 | 6-8 | 1.2 mi |
Governor Christopher Delsesto Middle School 152 Springfield Street, Providence, RI 02909 | 6-8 | 1.7 mi |
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903 | 9-12 | 0.7 mi |
Classical High School, Providence, RI 770 Westminster Street, Providence, RI 02903 | 9-12 | 0.7 mi |
Mount Pleasant High School 434 Mount Pleasant Avenue, Providence, RI 02908 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 98 Penn St
Date
Details
Price
Change
Source
2/25/2025
Listed
$699,000
1298%
MLS
4/05/2013
Sold
$50,000
—
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 98 Penn St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,960
4%
$568,600
36%
2024
$7,674
—
$418,200
—
2023
$7,674
3%
$418,200
—
2022
$7,444
17%
$418,200
61%
2021
$6,381
—
$259,800
—
2019
$6,381
24%
$259,800
61%
2018
$5,146
—
$161,000
—
2017
$5,146
—
$161,000
—
2016
$5,146
9%
$161,000
13%
2015
$4,717
-2%
$142,500
—
2014
$4,809
—
$142,500
—
2013
$4,809
—
$142,500
—
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 98 Penn St
98 Penn Street, Providence, RI 02909 (MLS# 1375616) is a Multi-Family property with 3 units containing 6 bedrooms and 3 full bathrooms. 98 Penn Street is currently listed for $699,000 and was received on February 25, 2025. Want to learn more about 98 Penn 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.

