98 Penn St, Providence, RI 02909
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$699,000
3 Unit
6 Beds
3 Baths
2044 SQFT
0.04 Acre

Property Description

Located between Atwells Avenue & Broadway, 98 Penn Street offers a prime opportunity to experience the vibrant & eclectic West Side of Providence. This legal three-family property features three well-appointed two-bedroom, one-bath units, each with hardwood floors & architectural details that add to the home’s character. ** The interiors & mechanicals have been updated, while long-term tenancy has kept rents below market value, presenting significant upside potential. Each unit offers a functional layout with well-proportioned rooms, maintaining a balance of charm & modern convenience.** Ideally situated with easy access to downtown, the East Side, hospitals, highways, & within walking distance to the train station, this property is well-positioned for both investors & owner-occupants seeking a strong location & long-term value.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Amenities: Highway Access, Laundromat, Park, Public School, Public Transportation, Shopping
  • Basement Features: Full

Financial

  • APOD Available: Yes
  • Gross Operating Income: 57300
  • Net Operating Income: 57300

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 3 Family
  • Foundation Info: Poured Concrete
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73338259
  • Last Updated: 03/11/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/01/2025Active$699,000$342MLSPIN
02/25/2025New$699,000$342MLSPIN

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Seller's Representative: Joy Riley, Westcott Properties
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-03-11 13:47:00

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