67 Ridge St
$1,500,000
11
Beds
6
Baths
5,653
Sqft
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$1,500,000
11
Beds
6
Baths
5,653
Living Area
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Property 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: 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.
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Highlights
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1953
- Parking Spots: 8
- Property Type: 3 Family
- Total Rooms: 18
- Status: Active
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Additional Details
- Basement: Full, Partially Finished
- Foundation: Concrete Perimeter
- Total Number of Units: 3
- Year Built Source: Public Records
- Flooring: Laminate
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: -
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Marina, Public School
- Parking Features: Paved Drive
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,067,700
- Taxes: $14,948
- Tax Year: 2025
- Total Rent: $12,000
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Westcott Properties.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.