Unit Information
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: each floor centers on a common area, with an ensuite plus additional bedrooms sharing a bath and kitchen. That structure suits group home operators, sober-living or transitional housing, student housing, and institutional buyers, as well as conventional investors. A finished lower level adds five rooms, a bath, and coin-op laundry — future expansion potential once brought into egress compliance, not part of the current bedroom count.**Documented annual income runs $174,960, spanning long-term tenancy and an active Airbnb/Cloudbeds short-term rental operation. Sold fully furnished, running near a 7.5% cap rate at the current ask.**Heart of Federal Hill, walking distance to Atwells Avenue's dining and shops, ample parking, close to downtown Providence and the train.
- Additional Details
- Status: NEW
- Type: Multi-Family, Triplex
- Zip Code: 02909
- Levels: 3
- Parking
- Garage Capacity: 8
- Parking: Paved
- Parking Spaces: 8
- Rooms and Dimensions
- Total Units: 3
- Total Floors: 3
- Total Rooms: 18
- Has Basement: Yes
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$1,500,000
- Status: New
- Listing ID: 73578837
- Bedrooms: 11
- Full Baths: 6
- Living Area: 5,653 sqft Convert
- Lot Size: 8,601 sqft Convert
- Acres: 0.2
View description
Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |