RI > Providence > West Side- Federal Hill
Providence, RI 02909,98 Penn ST
Providence, RI 02909,98 Penn ST
Providence, RI 02909,98 Penn ST
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$1,800,000
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8,000 Sqft Lot
Active

98 Penn ST Providence, RI 02909

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Eric Coury

Eric Coury

The Coury Team Homes - KW ELITE

+1(508) 838-6956

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

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

© 2025 State-Wide Multiple Listing Service. All rights reserved.
Listed by Westcott Properties

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Tricia Coury
Tricia Coury

Executive Real Estate Specialist - Team Leader | License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

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Tricia Coury
Tricia Coury

Executive Real Estate Specialist - Team Leader | License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of The Coury Team Homes - KW ELITE, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

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Tricia Coury

Executive Real Estate Specialist - Team Leader

+1(508) 838-6956

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Eric Coury

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Eric Coury

Realtor - Team Manager

+1(508) 838-6956

eric@thecouryteam.com

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