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Historic Five-Unit Apartment Building
For Sale
Contact for pricing
Pending

424 Benefit Street, Providence, RI 02903

Greek Revival multifamily property with separate utilities, seven parking spaces, and additional third-floor rooms.

Property SizeContact for details
Days on Market143

Property Features for 424 Benefit Street

General Information

Standard status Pending
Total Parking Spaces 7
Property subtype Land

Units

Unit Mix 3 x 1BR, 2 x 2BR
Multifamily Units 5

Additional Details

Utilities to Site Yes

Amenities

7 fireplaces
laundry room
coin-operated laundry
fire alarm system

Building Details

Year Built 1845
Construction Greek Revival
Tenancy Multi
Listing Agency: Doyle Realty
Listed By: Kerrie Lee Doyle
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 4:34PM

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 Doyle Realty

Investment Insights

Based on property information with market context.

This circa-1845 Greek Revival residence contains five legal apartments, including three one-bedroom units and two two-bedroom units. The property retains seven fireplaces and includes a garden apartment with a laundry hookup, plus a shared laundry room with coin-operated machines. Each apartment has its own utilities and mechanical systems.

The assessor reports 4,484 square feet above grade, excluding the legal garden apartment. An unused third level provides eight original rooms with 8-foot ceilings. Building improvements include a roof replacement and chimney reconstruction from the roofline completed in 2016, fresh exterior paint, and a recently installed five-unit fire alarm system. Seven-car parking is available on site.

Key Highlights

  • Legal 5‑unit apartment building with three 1‑bedroom and two 2‑bedroom units
  • 4,484 square feet above grade, excluding the legal garden apartment
  • Unused third floor includes 8 original rooms with 8 ft. ceiling height

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Auto Parts Store Butcher Catering Service Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

5,557
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Greek Revival multifamily property with separate utilities, seven parking spaces, and additional third-floor rooms.
Where is this apartment building located?
The property is located at 424 Benefit Street Providence, RI.
What are key features of this property?
This property features: Legal 5‑unit apartment building with three 1‑bedroom and two 2‑bedroom units; 4,484 square feet above grade, excluding the legal garden apartment; Unused third floor includes 8 original rooms with 8 ft. ceiling height
(401) 831-4111 Call to check price and availability
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