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$1,660,000
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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
- Sold For: $1,660,000
- Taxes: $2,024
- Status: Closed
- Type: Commercial Multi-Family
- Source: STWMLS
- MLS ID: 1387000
- Added to Site: 300 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
Sold by HERE Realty
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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 ATTOM Data Solutions 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
1/30/2026
Sold
$1,660,000
-7.78%
MLS
6/06/2025
Listed
$1,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
98 Penn Street, Providence, RI 02909 (MLS# 1387000) is a Commercial Multi-Family property that was sold at $1,660,000 on January 30, 2026. 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.

