$659,000

5 Lee St Providence, RI 02903

Federal Hill Neighborhood

Estimated payment $4,152/month

Total Views 504
6 Beds
3 Baths
2,679 Sq Ft
$246 Price per Sq Ft

Highlights

  • Wood Flooring
  • Window Unit Cooling System
  • Shops
  • Recreation Facilities
  • Public Transportation
  • 2-minute walk to St John's Park

About This Home

Discover an outstanding investment opportunity at 5 Lee St, a legally conforming three-family residence located in Federal Hill. This is clean and well-maintained three-family home, officially updated with a recently obtained certificate of occupancy (CO) for legal conformance. The building features three well-sized two-bedroom units and currently has below market rents, presenting significant potential for immediate rental growth and maximizing your return on investment. The property is up to date with lead conformance with all lead certificates being up to date. All tenants are long-term residents and are currently on month-to-month contracts. The property is ideally situated just steps from the popular shops and renowned restaurants that Atwells Ave, Broadway, and Federal Hill have to offer, making it a popular destination for qualified tenants.

Listing Agent

Nicola Francis

Lenox Realty Group License #RES.0034709 Listed on: 04/16/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,897

Year Built

  • Built in 1920

Home Design

  • Brick Foundation
  • Combination Foundation
  • Block Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,679 Sq Ft Home
  • 3-Story Property

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 3 Parking Spaces
  • No Garage

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Electric Water Heater

Additional Features

  • 2,040 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 173
  • Assessor Parcel Number 5LEESTPROV

Community Details

Overview

  • 3 Units

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,897

Year Built

Built in 1920

Lot Details

2,040 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0468
  • Above Grade Finished Sq Ft: 2679.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Electric Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Stall Shower
  • Stories: 3

Exterior Features

  • Construction Type: Drywall, Vinyl Siding
  • Foundation Details: Block, Brick/Mortar, Combination, Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 3.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2040.0
  • Parcel #: 5LEESTPROV

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 7897.4
  • Tax Lot: 173
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $7,897 $564,100 $253,600 $310,500
2024 $7,624 $415,500 $204,900 $210,600
2023 $7,624 $415,500 $204,900 $210,600
2022 $7,396 $415,500 $204,900 $210,600
2021 $5,821 $237,000 $130,700 $106,300
2020 $5,821 $237,000 $130,700 $106,300
2019 $5,821 $237,000 $130,700 $106,300
2018 $4,347 $136,000 $75,600 $60,400
2017 $4,347 $136,000 $75,600 $60,400
2016 $4,347 $136,000 $75,600 $60,400
2015 $4,068 $122,900 $75,600 $47,300
2014 $4,148 $122,900 $75,600 $47,300
2013 $4,148 $122,900 $75,600 $47,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2026 04/16/26 For Sale $659,000 -- $246 / Sq Ft
Source: State-Wide MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $47,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $89,600 No Value Available
Open $154,700 No Value Available
Source: Public Records

Source: State-Wide MLS

MLS Number: 1410216

State-Wide MLS

APN: PROV-280173-000000-000000

Rhode Island Providence County Providence 02903 Federal Hill

5 Lee St, Providence, RI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

State-Wide MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Copyright © 2026 State-Wide MLS, Inc. All rights reserved.

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Nicola Francis
Listing Agent
Nicola Francis
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Lenox Realty Group
(401) 388-2048
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