About This Home

This 11-bedroom, 6-bathroom residential multi family at 67 Ridge Street in Providence, RI is listed for $1,500,000 ($265 per sqft). Built in 1953, the home offers 5,653 sqft of living space on a 0.20 acres lot.

Key Features

  • Built in 1953
  • 0.20 acre lot
  • 3 stories
  • 8 parking spaces

Property Details

3 stories
6 full
8 spaces
1953

Amenities

A/C
Listing Description

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 sharin

g 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.

Monthly Cost Estimate

$8,022/mo

20% down · 6.5% · 30 years

Principal$1,085
Interest$6,500
Insurance$438

Estimates only. Actual payments may vary.

Location

67 Ridge Street

Providence, RI 02909

Federal Hill, West Side

Features & Amenities

Interior Features

Wall (Dry Wall)

Property Details

Flooring

Laminate

Construction

Dry Wall Brick

Parking

None

Heating

BaseboardNatural GasSteam

Appliances

OvenRangeRefrigeratorGas Water Heater

Questions & Answers

This 11-bedroom, 6-bathroom residential multi family at 67 Ridge Street is listed at $1,500,000 ($265/sqft). The estimated monthly payment is $8,023 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1953, 0.20 acre lot, 3 stories, 8 parking spaces. Interior Features: Wall (Dry Wall).

This property is listed by Joy Riley.

JR

Joy Riley

Agent at Westcott Properties Inc

Listed by Westcott Properties Inc · Broker phone: (401) 421-5300 · View on Broker Site · Broker website

MLS# 1422669· Source: State Wide MLS of Rhode Island, Inc.· 41 days on PropertySimple

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.

67 Ridge Street, Providence, RI 02909

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