REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,800,000
Est. payment /mo
Pending
98 Penn ST Providence, RI 02909
8,000 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Pending
Purchase Type For Sale
Subdivision West Side/ Federal Hill
MLS Listing ID 1387000
HOA Y/N No
Year Built 1920
Annual Tax Amount $2,024
Lot Size 8,000 Sqft
Property Sub-Type Commercial
Property Description
Prime Multi-Family Investment Opportunity 98, 100, & 102 Penn Street, Providence, RI An exceptional investment opportunity on Providence's sought-after West Side, this portfolio consists of three adjacent multi-family properties, offering strong income potential, ease of management, & future condo conversion possibilities. **98 Penn Street is a well-maintained three-family home featuring three two-bedroom, one-bath units with hardwood floors, architectural details, & updated mechanicals. Long-term tenancy has kept rents below market, creating immediate value-add potential.**100 Penn Street is a newer construction two-family home with immaculate, modern units featuring spacious layouts & contemporary finishes. A low-maintenance investment with strong rental appeal, this property offers turn-key efficiency.** 102 Penn Street is a large three-family property featuring two three-bedroom, one-bath units & one two-bedroom, one-bath unit. The building has a maintenance-free exterior, updated interiors, & ample off-street parking. ** With long-term occupancy, below-market rents, & strong appreciation potential, these properties generate immediate cash flow with significant upside. Conveniently located between Atwells Avenue & Broadway, tenants benefit from easy access to downtown Providence, the East Side, hospitals, highways, & the train station. **A rare opportunity to acquire a well-positioned, income-producing portfolio in one of Providence's most vibrant neighborhoods.
Location
State RI
County Providence
Community West Side/ Federal Hill
Zoning R-3
Interior
Laundry Common Area, In Unit
Exterior
Community Features Highway Access, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
Utilities Available Sewer Connected
Street Surface Concrete
Total Parking Spaces 6
Building
Sewer Connected
Water Connected
Structure Type Frame
New Construction No
Others
Tax ID 98102PENNSTPROV
© 2026 State-Wide Multiple Listing Service. All rights reserved.
Listed by Westcott Properties
GET MORE INFORMATION