# 47 Sheldon Street, Providence, RI 02906

> **TL;DR:** 8bd/4ba residential multi family, $1,495,000 ($303/sqft), built 1820, 4,932 sqft.
> Fireplace, Hardwood, A/C, 2-car garage. Est. $7,996/mo. Listed 4 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,495,000 |
| Price/sqft | $303 |
| Bedrooms | 8 |
| Bathrooms | 4 full |
| Square Feet | 4,932 |
| Year Built | 1820 |
| Lot Size | 3,920 sqft (0.09 acres) |
| Stories | 2 |
| Garage | 2-car |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 4 |

## Why This Home Stands Out

- **Hardwood Floors** - Hardwood flooring listed

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $7,560 |
| Estimated Insurance | $436 |
| **Total** | **$7,996** |

## Key Amenities

- Fireplace
- Hardwood
- A/C
- 2-car garage

## Property Highlights

- Built in 1820
- 0.09 acre lot
- 2 stories
- 5 parking spaces
- Fireplace

## Description

### Agent Description
Ideally located in the highly desirable College Hill neighborhood, 47 Sheldon Street presents a compelling investment opportunity combining established rental income of $12,300 per month, substantial development potential, and proximity to some of the city's strongest rental demand drivers including Brown University, RISD, Wickenden Street, and major hospital centers. The 1st floor offers a 3 bed unit and a 1 bed unit. The 2nd floor currently has 2 separate apartments which share utilities and could easily be merged into a large 4 or 5 bed, 2 bath unit. This property has benefited from numerous recent improvements, including fresh exterior paint, replacement windows, updated exterior finishes, and upgraded mechanical systems. Significant additional value and rental income may be unlocked through the potential development for additional finished living or studio space across 3 distinct areas: attic (900 sq ft), basement (1200 sq ft), and detached garage (300 sq ft). The property's location further strengthens its investment profile. The colleges provide consistent student and academic housing demand, while proximity to the area's hospitals, downtown Providence, and major employment centers broadens the potential tenant pool to include medical professionals, researchers, and others. With a 2027 rent roll of $147,600, a prime College Hill location, and 2,400 sq ft of potential expansion, this property offers an outstanding combination of immediate income and long-term upside.

## Location

- **Address:** 47 Sheldon Street, Providence, RI 02906
- **County:** Providence
- **Neighborhood:** East Side/College Hill/Fox Point
- **Coordinates:** 41.819756, -71.399399
- **Google Maps:** https://www.google.com/maps?q=41.819756,-71.399399

## Listing Agent

- **Name:** Gerri Schiffman
- **Brokerage:** Residential Properties Ltd.
- **Broker Phone:** (401) 439-7705
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/47-Sheldon-St_Providence_RI_02906_M32004-41068?f=listhub&s=SWMLSRI&m=1427956&c=propsimple)

## Photos

![47 Sheldon Street - Photo 1](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f1990156729r.jpg)

![47 Sheldon Street - Photo 2](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f58114749r.jpg)

![47 Sheldon Street - Photo 3](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f906702945r.jpg)

![47 Sheldon Street - Photo 4](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f1533876220r.jpg)

![47 Sheldon Street - Photo 5](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f3864234664r.jpg)

![47 Sheldon Street - Photo 6](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f631806194r.jpg)

![47 Sheldon Street - Photo 7](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f3132883659r.jpg)

![47 Sheldon Street - Photo 8](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f3135249074r.jpg)

![47 Sheldon Street - Photo 9](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f3576200105r.jpg)

![47 Sheldon Street - Photo 10](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f2286169378r.jpg)

![47 Sheldon Street - Photo 11](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f2585163287r.jpg)

![47 Sheldon Street - Photo 12](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f2256675783r.jpg)

![47 Sheldon Street - Photo 13](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f3810692251r.jpg)

![47 Sheldon Street - Photo 14](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f1584031948r.jpg)

![47 Sheldon Street - Photo 15](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f4013612893r.jpg)

![47 Sheldon Street - Photo 16](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f3471550436r.jpg)

![47 Sheldon Street - Photo 17](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f3611217776r.jpg)

![47 Sheldon Street - Photo 18](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f687094266r.jpg)

![47 Sheldon Street - Photo 19](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f220383528r.jpg)

![47 Sheldon Street - Photo 20](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f2601605156r.jpg)

![47 Sheldon Street - Photo 21](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f2135802182r.jpg)

![47 Sheldon Street - Photo 22](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f3230975263r.jpg)

![47 Sheldon Street - Photo 23](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f90973409r.jpg)

![47 Sheldon Street - Photo 24](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f3596636346r.jpg)

![47 Sheldon Street - Photo 25](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f3934510575r.jpg)

![47 Sheldon Street - Photo 26](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f3751272123r.jpg)

![47 Sheldon Street - Photo 27](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f3095041975r.jpg)

![47 Sheldon Street - Photo 28](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f2871335716r.jpg)

![47 Sheldon Street - Photo 29](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f1790882705r.jpg)

![47 Sheldon Street - Photo 30](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f3432445358r.jpg)

![47 Sheldon Street - Photo 31](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f1791068434r.jpg)

![47 Sheldon Street - Photo 32](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f2024828658r.jpg)

![47 Sheldon Street - Photo 33](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f119642393r.jpg)

![47 Sheldon Street - Photo 34](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f1483979460r.jpg)

![47 Sheldon Street - Photo 35](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f454129149r.jpg)

![47 Sheldon Street - Photo 36](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f1578488863r.jpg)

![47 Sheldon Street - Photo 37](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f1133157281r.jpg)

![47 Sheldon Street - Photo 38](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f3887349847r.jpg)

![47 Sheldon Street - Photo 39](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f736636299r.jpg)

![47 Sheldon Street - Photo 40](http://lh.rdcpix.com/71121dbbed3f3bb220cc7edf8576764dl-f2557172962r.jpg)

---

**MLS#:** 1427956 | **Updated:** 2026-11-07
**Source:** listhub

*Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/47-sheldon-street-providence-ri-02906-8ca12971843d4eef8c48426cd871e18e)

---

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}
```