Description
Former convent with maintenance-free brick exterior, reimagined into a documented income-producing property across three floors. Eleven bedrooms and six baths span a layout built for shared occupancy: each floor centers on a common area, with an ensuite plus additional bedrooms sharing a bath and kitchen. That structure suits group home operators, sober-living or transitional housing, student housing, and institutional buyers, as well as conventional investors. A finished lower level adds five rooms, a bath, and coin-op laundry - future expansion potential once brought into egress compliance, not part of the current bedroom count.**Documented annual income runs $174,960, spanning long-term tenancy and an active Airbnb/Cloudbeds short-term rental operation. Sold fully furnished, running near a 7.5% cap rate at the current ask.**Heart of Federal Hill, walking distance to Atwells Avenue's dining and shops, ample parking, close to downtown Providence and the train.
Details
| MLS # | 73578837 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1953 |
| Days On Site | 57 |
| Listing Provided By | Westcott Properties | Joy Riley |
Features
| Bed(s) | 11 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 5,653 |
| Basement | Y |
| Story(s) | 3 |
| Units | 3 |
| Zoning | - |
| Acreage | 0.20 |
Interior
| Rooms Total | 18 |
|---|---|
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Flooring | Laminate |
Exterior
| Foundation Details | Concrete Perimeter |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Drive |
| Open Parking Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Annual Amount | 14948 |
|---|---|
| Tax Assessed Value | 1067700 |
| Tax Lot | 693 |
| Tax Year | 2025 |
| Tax Map Number | 33 |
Location
| Community Features | Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Marina, Public School |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | RI |
|---|---|
| County | Providence |
| City | Providence |
| Zip Code | 02909 |
| Area | Providence |
| Listing VS Median (in 02909) | |
Price: $1,500,000 low | high Med: $729,900 sqft: 5,653 low | high Med: 2,400 $ / sqft: $265 low | high Med: $304 On site: 57 low | high Med: 57 | |
Market Activity 02909
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Learn More About This Property
| State | RI |
|---|---|
| County | Providence |
| City | Providence |
| Zip Code | 02909 |
| Area | Providence |
| Listing VS Median (in 02909) | |
Price: $1,500,000 low | high Med: $729,900 sqft: 5,653 low | high Med: 2,400 $ / sqft: $265 low | high Med: $304 On site: 57 low | high Med: 57 | |