NOT LISTED FOR SALE

376 Benefit St Providence, RI 02903

College Hill Neighborhood
14 Beds
7 Baths
5,823 Sq Ft
0.33 Acres

Last Sold October 11, 2023

Last sale price $2,020,000 $347 Per Sq Ft

17 Days on Market

Highlights

  • 0.33 Acre Lot
  • Baseboard Heating
  • 5-minute walk to Brassil Park
  • Wood Flooring

About This Home

As of October 2023

Great investment opportunity near Brown University and RISD. This 7-unit building is comprised of 2 Bedroom units and offers 17 parking spaces. The property has a strong rental history with Brown University and RISD students and is fully leased through the academic year. The units boast spacious floor plans and open kitchens with the ability to add value.

Last Agent to Sell the Property

Spencer Kelleher

William Raveis Inspire License #RES.0048238 Listed on: 07/29/2023

William Raveis Inspire

Last Buyer's Agent

Qinglu Zhu

Coastline Realty LLC License #REC.0018933

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $40,487

Year Built

  • Built in 1900

Lot Details

  • 0.33 Acre Lot

Home Design

  • Clapboard

Interior Spaces

  • 5,823 Sq Ft Home
  • Wood Flooring
  • Laundry in unit

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 17 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • 200+ Amp Service
  • Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 108
  • Assessor Parcel Number 376BENEFITSTPROV

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$40,487

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3293
  • Above Grade Finished Sq Ft: 5823.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Buildings: 1
  • Appliances: Common Water Heater
  • Owner Pays: Hot Water
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 7
  • Total Bedrooms: 14
  • Fireplace: No
  • Flooring: Hardwood
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Clapboard

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 17.0

Utilities

  • Laundry Features: Common Area, In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 14346.0
  • Parcel #: 376BENEFITSTPROV
  • Zoning: R-2
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 40486.98
  • Tax Lot: 108
  • Tax Year: 2023

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2023 10/11/23 Sold $2,020,000 -10.2% $347 / Sq Ft
08/15/2023 08/15/23 Pending -- -- --
07/29/2023 07/29/23 For Sale $2,250,000 -- $386 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $47,057 $1,809,900 $336,000 $1,473,900
2024 $20,987 $1,143,700 $336,000 $807,700
2023 $20,987 $1,143,700 $336,000 $807,700
2022 $20,358 $1,143,700 $336,000 $807,700
2021 $18,098 $736,900 $281,800 $455,100
2020 $18,098 $736,900 $281,800 $455,100
2019 $18,098 $736,900 $281,800 $455,100
2018 $21,362 $668,400 $257,300 $411,100
2017 $21,362 $668,400 $257,300 $411,100
2016 $24,530 $668,400 $257,300 $411,100
2015 $21,716 $590,900 $245,000 $345,900
2014 $21,716 $590,900 $245,000 $345,900
2013 $21,716 $590,900 $245,000 $345,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Spencer Kelleher

    William Raveis Inspire

    (508) 493-7093

    9 in this area

    14 Total Sales

    Spencer Kelleher
    Section Image
  • Qinglu Zhu

    Buyer's Agent in 2023

    Qinglu Zhu

    Coastline Realty LLC

    (917) 285-4007

    2 in this area

    87 Total Sales

    Qinglu Zhu
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1340611

State-Wide MLS
Rhode Island Providence County Providence 02903 College Hill

376 Benefit St, Providence, RI

Not Listed for Sale

MultiFamily

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