Ben Montenegro - Andrew Abu Inc Realtors Logo
$1,300,000
( )
 $6,979 est/mo Sourced by Back At You

8 Somerset Street,Providence, RI 02907

Providence, RI 02907

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Description

Excellent investment opportunity in Providence! Expansive Lot! This well-maintained multi-family property features a total of 10 residential units, including nine 1-bedroom units and one 2-bedroom unit, providing a diverse rental mix and strong income-producing potential. Currently generating rental income, this property is ideal for investors seeking a stable asset in a desirable location with long-term upside. The building has been well cared for and offers are very large lot for possible future potential. Conveniently located near the Silver Lake and West End neighborhoods, residents enjoy easy access to local restaurants, cafes, grocery stores, parks, and neighborhood services. Minutes to Downtown Providence, offering dining, nightlife, entertainment, arts, and major employment centers. Easy access to Route 6, Route 10, Interstate 95, and Interstate 195. Close to Rhode Island Hospital, Hasbro Children's Hospital, educational institutions, public transportation, and approximately 15-20 minutes to T.F. Green Airport. A rare opportunity to acquire a strong income-producing asset in a prime Providence location.

Details

MLS #1416144
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusActive
Year1853
Days On Site101
Listing Provided ByCentury 21 Limitless | Kyle Seyboth

Features

Building(s)1
Acreage0.23

Exterior

Lot FeaturesDowntown
Construction MaterialsFrame

Utilities

SewerConnected
ElectricCircuit Breakers

Taxes

Tax Annual Amount20254
Tax Assessed Value779000
Tax Lot324
Tax Year2025

Area Information

StateRI
CountyProvidence
CityProvidence
Zip Code02907
AreaProvidence
Listing VS Median (in 02907)
Price:
$1,300,000
low | high
Med:
$485,000
100% of Average
On site:
101
low | high
Med:
113.5
88.986784140969% of Average
Sourced by Back At You

Market Activity 02907

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Additional Information

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The information is being provided by Rhode Island Association of REALTORS®. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Rhode Island Association of REALTORS®. All Rights Reserved.

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Learn More About This Property

Ben Montenegro

Ben Montenegro

Andrew Abu Inc

9560655 (508) 364-9897ben@andrewabu.com
StateRI
CountyProvidence
CityProvidence
Zip Code02907
AreaProvidence
Listing VS Median (in 02907)
Price:
$1,300,000
low | high
Med:
$485,000
100% of Average
On site:
101
low | high
Med:
113.5
88.986784140969% of Average
Sourced by Back At You
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Price: $975K - $1.625M
sqft: 0 - 0
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Listing Updated: July 9, 2026 at 2:58:47 PM PDT