Financial
Distress signals
Property profile

161 Benefit St Providence, RI 02903

FOR SALE
Other investment properties
Property ID
US76-0042881
11,036 SF 0.11 ac lot Built 1900
Last sale Jan 2024 · $5,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The George Earle Building is a four-level brick multi-unit property located on Benefit Street in Providence’s College Hill, near Brown University and RISD. The building totals 9,204 square feet and contains 12 units arranged as three commercial spaces on the first floor and nine residential units on the upper three floors. Common areas were renovated in 2024 and include stairways and corridor finishes. The first-floor commercial space includes glass walls, exposed brickwork, and views of the

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$1.12M
Assessed land$338k
Assessed improvement$782k

Value estimate

· Sep 2026
$5.25M
$4.73M – $5.78M
AI approach$5.25M
NOI build-up
Gross scheduled income$226k
Vacancy & credit loss−$18k
Operating expenses−$78k
NOI · 2.05% cap applied$130k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$213/SF
ZIP average, outlier-cleaned · 72 recorded sales of this use type
Observed band · Q1–Q3$121 – $316
Qualifying comparables5

Cap rate analysis

How does the asset earn?
2.05%
$130k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R-2
JurisdictionPROVIDENCE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store12.6
Catering Service8.6
Tanning Salon8.3

Location

161 Benefit St Providence, RI 02903
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
284 Atwells, Providence, RI 02903 $1,500,000 Jan 2026 9,106 SF
36 Spruce, Providence, RI 02903 $725,000 Oct 2024 5,851 SF
719 Westminster, Providence, RI 02903-4016 $1,045,000 Jul 2024 6,000 SF
223 Atwells, Providence, RI 02903-1518 $1,540,000 Oct 2023 7,433 SF
190 Broad, Providence, RI 02903-4077 $762,000 Jun 2023 10,105 SF
945 Westminster, Providence, RI 02903-4021 $2,070,000 Dec 2022 18,010 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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