About this home

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.

Facts and features

Schools

• Holy Ghost School

  elementary · K-8 · 0.1 mi

• West Broadway Middle School

  elementary · 5-8 · 0.4 mi

  3

• Educare I

  high · 9-12 · 0.8 mi

• Federal Hill House Early Learning Center

  elementary · 1-8 · 0.1 mi

• St. Mary Elementary School

  elementary · K-8 · 0.4 mi

• Paul Cuffee Middle School

  middle · 6-8 · 0.4 mi

  6

Price history

• Sep 17, 2026 · Listed$1,500,000
• Sep 17, 2026 · Listed$1,500,000
• Sep 25, 2023 · Sold$990,000
• Jun 14, 2019 · Sold$575,000
• Dec 23, 1998 · Sold$175,000

Tax history

• 2025$14,948 tax · $1,067,700 assessed
• 2023$13,430 tax · $731,900 assessed
• 2022$13,028 tax · $731,900 assessed
• 2021$11,794 tax · $480,200 assessed
• 2020$11,794 tax · $480,200 assessed
• 2019$9,787 tax · $398,500 assessed
• 2018$11,586 tax · $362,500 assessed
• 2017$11,586 tax · $362,500 assessed

Home value

$1,287,197

• Quantarium$1,287,197

Where it is