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    109 Somerset St Providence, RI 02907

    Under Contract
    For Sale
    $319,900

    MULTI_FAMILY - Providence, RI

    Lot size:
    0.11 Acres
    Days on Market:
    37
    Last Refresh:
    Dec 13 at 11:06 pm

    Property Features for 109 Somerset St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bedroom 4, Bathroom 1, Bedroom 1, Basement, Bedroom 3, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 5
    Bedrooms
    6
    Bathrooms
    1
    Parking
    2
    Parking features
    Garage
    Patio and Porch features
    Deck
    Interior features
    Wall (Plaster), Plumbing (Copper), Plumbing (Mixed), Insulation (Unknown)
    Exterior features
    Deck
    Appliances
    Gas Water Heater, Oven/Range, Refrigerator
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    3
    Number of units
    2
    Flooring type
    Vinyl, Tile - Ceramic
    Building materials
    Plaster, Shingles

    RI Real Estate Services (401) 465-0417 [email protected]

    Listing agent Pat Corso (401) 374-4177

    Listing date Nov 7, 2025

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Providence Multifamily Renovation Opportunity

    Located at the corner of Tanner and Somerset, 109 Somerset St was originally constructed in the 1920s as a multifamily home. The three-story property, situated on a 5,000 sqft parcel, offers approximately 2,900 sqft of heated living space and retains its original floorplan and character-defining elements. The property could be used as a single-family or multi-family dwelling. Conveniently located near schools, hospitals, recreation facilities, restaurants and highways. Utilities include one 200 amp electrical panel, two gas meters and furnaces, and connections to city water and sewer. The property will be conveyed with an easement for neighborhood gardens managed by Southside Community Land Trust and will be sold AS IS. Presently, there are no bathroom showers or bathtubs because the property has been used as an office for decades. This property is a great 203K / Renovation Opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.41714
    Latitude
    41.810967

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    FAQs

    What type of property is this?
    Duplex - Three-story multifamily home or single-family conversion opportunity in Providence.
    Where is this duplex located?
    The property is located at 109 Somerset St Providence, RI.
    What is the asking price?
    The asking price for this property is $319,900.
    What are key features of this property?
    This property features: - Large 2900 sqft, 3-story building suitable for single-family or multi-family use.; - Convenient location near schools, hospitals, recreation, restaurants, and highways.; - Original 1920s character and floorplan elements are still present.
    (401) 374-4177
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    109 Somerset St Providence, RI 02907
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