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$1,800,000 Sale Pending
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Property Description
Prime Multi-Family Investment Opportunity 98, 100, & 102 Penn Street, Providence, RI An exceptional investment opportunity on Providence's sought-after West Side, this portfolio consists of three adjacent multi-family properties, offering strong income potential, ease of management, & future condo conversion possibilities. **98 Penn Street is a well-maintained three-family home featuring three two-bedroom, one-bath units with hardwood floors, architectural details, & updated mechanicals. Long-term tenancy has kept rents below market, creating immediate value-add potential.**100 Penn Street is a newer construction two-family home with immaculate, modern units featuring spacious layouts & contemporary finishes. A low-maintenance investment with strong rental appeal, this property offers turn-key efficiency.** 102 Penn Street is a large three-family property featuring two three-bedroom, one-bath units & one two-bedroom, one-bath unit. The building has a maintenance-free exterior, updated interiors, & ample off-street parking. ** With long-term occupancy, below-market rents, & strong appreciation potential, these properties generate immediate cash flow with significant upside. Conveniently located between Atwells Avenue & Broadway, tenants benefit from easy access to downtown Providence, the East Side, hospitals, highways, & the train station. **A rare opportunity to acquire a well-positioned, income-producing portfolio in one of Providence's most vibrant neighborhoods.
Full Property Details
Full Property Details for 98 Penn St
General
- Price: $1,800,000
- Taxes: $2,024
- Status: Pending
- Type: Commercial Multi-Family
- Source: STWMLS
- MLS ID: 1387000
- Updated: 1/14/2026
- Added to Site: 229 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area, In Unit
Parking
- Total Spaces: 6
Location
- County: Providence
- Subdivision: West Side/ Federal Hill
- Near Highway: Yes
Utilities
- Sewer: Connected
- Water: Connected
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 3
- Structure Type: Multi Family
- Detached/Attached: Detached
- Construction: Frame
- Stories/Levels: 0
- Year Built: 1920
Lot Features
- Lot Size (Sq. Ft.): 8,000
- Lot Size: 8000
Financial Considerations
- Tax Amount: $2,024
Disclosures and Reports
- Property ID: 98102PENNSTPROV
- Lot Number: 221220640
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
6/06/2025
Listed
$1,800,000
3500%
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# 1387000) is a Commercial Multi-Family property. 98 Penn Street is currently listed for $1,800,000 and was received on June 06, 2025. Want to learn more about 98 Penn 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.

