67 Ridge St

Providence RI 02909

5653 sq. ft.

8712 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Former convent with maintenance-free brick exterior, reimagined into a documented income-producing property across three floors. Eleven bedrooms and six baths span a layout built for shared occupancy: the first floor centers on a spacious furnished common area with vending for guest convenience, an ensuite with private bath, and two bedrooms sharing a bath; the second and third floors each repeat an ensuite plus three bedrooms sharing a common bath and kitchen. That room-around-common-space structure extends this property's appeal beyond the conventional investor to group home operators, transitional or sober-living housing, student housing, and institutional or nonprofit buyers. **A finished lower level adds five rooms, a bath, and coin-op laundry not counted toward the bedroom total due to window egress sizing, offering future expansion potential once brought into code compliance.**Documented annual income runs $174,960 across a diversified revenue base long-term tenancy alongside an active short-term rental operation through Airbnb and Cloudbeds and the property is sold fully furnished, running near a 7.5% cap rate at the current ask.**Located in the heart of Federal Hill, within walking distance of Atwells Avenue's restaurants, shops, and entertainment, with the West Side's full range of amenities close by. Ample on-site parking, a nearby dog park, and easy access to downtown Providence and the train.

Features

11 bedrooms

6 bathrooms

8 carspaces

5653 sq. ft. floor area

8712 sq. ft. lot size

Multi-Family

Property history for 67 Ridge St

2023

Sold

$990,000

25 Sep 2023 by Joy Riley, of Westcott Properties, Inc.

2019

Sold

$575,000

14 Jun 2019

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