Benefit Street Mixed-Use
For Sale
$6,350,000
161 Benefit, Providence, RI 02903
Income-producing property near Brown University and RISD with parking.
Property Size9,687 SF
Lot Size0.18 Acres
Price / SF$655.52
Days on Market157
Property Features for 161 Benefit
General Information
Standard status
Active
Size
9,687 SF
Lot size
0.18 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$58,248
Amenities
Central air
Corner Lot
Central Air Cooling
Central Heating
Forced Air Heating
Historic District
In Unit
Partial Cooling
Window Units Cooling
Building Details
Year Built
1876
Listing Agency:
RESIDENTIAL PROPERTIES LTD.
(401) 274-6740
Listed By:
JIM DERENTIS
Source:
Corcoran
Added: Mar 4
Changed: Aug 8
Last Checked: Jul 16 at 5:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RESIDENTIAL PROPERTIES LTD.
Investment Insights
Based on property information with market context.
The George Earle Building presents a unique opportunity to acquire an income-producing property on Benefit Street in Providence's College Hill neighborhood, near Brown University and RISD. This multi-use, 4-level brick building features 12 units, including 3 commercial spaces on the first floor and 9 residential units on the upper three floors. Common areas underwent extensive renovations in 2024, resulting in elegant stairways and corridors. The three commercial spaces on the first floor are currently combined and leased to a local restaurant. This space features walls of glass, exposed brickwork, and city views. The front of the building has been restored with custom wood doors and windows, and millwork. All nine residential units feature ceilings, in-unit laundry, stone flooring, and original historic details including plaster moldings and marble fireplaces. Many units offer views of Benefit Street and the surrounding neighborhood. The property size is 9687 square feet. The listing includes the buildable lot at 54 Meeting Street, zoned R-3 HD, currently used as 10 parking spaces.
Key Highlights
- Prime location on Benefit Street in College Hill, steps from Brown University and RISD.
- Income‑producing property with a mix of commercial and residential units.
- Long‑term lease with a top local restaurant as a commercial tenant.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,037
Businesses Nearby
Explore this area
Business Placement
Demographics for 02903, RI
13,264
Population
6,588
Households
2
Avg Household Size
33
Median Age
53%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
7,802
Density / Sq Mi
$62,987
Median Household Income
$40,294
Median Earnings
$1,640
Median Rent
$365,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing property near Brown University and RISD with parking.
Where is this mixed-use property located?
The property is located at 161 Benefit Providence, RI.
What is the asking price?
The asking price for this property is $6,350,000.
What are key features of this property?
This property features: Prime location on Benefit Street in College Hill, steps from Brown University and RISD.; Income‑producing property with a mix of commercial and residential units.; Long‑term lease with a top local restaurant as a commercial tenant.
