### 69 Phebe Street, Providence, RI — Multifamily with Development Potential

A unique investment and development opportunity in Providence! **69 Phebe Street** offers an existing multifamily home situated on a distinctive lot that **extends from Phebe Street through to Waite Street**, creating possibilities that go well beyond those of a typical residential property.

The existing home features **4 bedrooms, 2 full bathrooms, and approximately 1,352 square feet of living space**, along with a detached garage, off-street parking, hardwood and tile flooring, and an unfinished basement.

### Exceptional Development Potential

What truly distinguishes this property is the land.

The property sits on a **large through-lot extending from Phebe Street to Waite Street**, providing access and frontage that may offer significant flexibility for future development.

**Plans have already been prepared for the buildable portion of the property**, offering a new owner the opportunity to explore additional construction.

Potential uses include:

* Development of a **new three-family residence**
* Potential for an **Accessory Dwelling Unit (ADU)**
* Additional rental-income opportunities
* Owner-occupied property with additional rental units
* Long-term investment and development potential

This combination makes 69 Phebe Street particularly attractive to **investors, developers, builders, contractors, or owner-occupants** looking for a property that provides both existing housing and future development possibilities.

A buyer could potentially generate income from the existing property while pursuing development of the additional portion of the lot.

### Property Highlights

* Existing multifamily residence
* 4 bedrooms
* 2 full bathrooms
* Approximately 1,352 sq. ft. of living space
* Approximately 7,841 sq. ft. lot
* **Through-lot extending from Phebe Street to Waite Street**
* **Buildable-lot potential with plans**
* **Potential three-family development**
* **Potential ADU opportunity**
* Detached garage
* Off-street parking
* Unfinished basement
* Existing property plus future development potential

**69 Phebe Street represents more than the purchase of an existing home—it offers an opportunity to acquire a property with multiple paths for future growth and income generation.**

Building plans and additional property information are available to serious buyers.

*Buyer and buyer's agent should independently verify zoning, permitted uses, ADU eligibility, building plans, approvals, setbacks, utilities, and all development possibilities with the City of Providence and appropriate professionals.*