560 Plainfield Street, Providence, Rhode Island 02909
Listed By Smith And Oak Real Estate Co.
The Multi Family Home for Sale located at Providence, Rhode Island 02909 is currently for sale. Providence, Rhode Island 02909 is listed for $449,900. This property has 2 bedrooms, 1 bathroom, Detached Garage features. If the property located at Providence, Rhode Island 02909 isn't what you're looking for, visit https://www.rilivingglobal.com to see other Multi Family Homes for Sale in Providence .
Date Updated : Aug 13, 2025
MLS#: 1392358
$449,900 USD
- TypeMulti Family Home
- Bedrooms2
- Bathrooms1
- Home/Lot size
263 m² (2,828 ft²)
Property features
Key features
- Detached Garage
Construction details
- Year built: 1920
Other features
- Property features: Garage Basement Garage
- Appliances: Electric Water Heater Exhaust Fan Refrigerator
- Cooling system: Wall Unit Attic Fan
- Heating system: Oil Space Heater
- Garages: 1
Area
- Property size:
263 m² (2,828 ft²) - Land/Lot size:
334 m² (3,600 ft²) - Bedrooms: 2
- Bathrooms: 1
- Total rooms: 3
Description
Investor Opportunity – Mixed-Use with 3rd unit ADU Potential // Proforma Cap Rate: 8.2%
Set on a 3,600 sq ft lot in a high-traffic area of Providence, this freestanding brick mixed-use building offers strong upside potential. Includes a spacious retail space on the first floor and a residential unit above featuring 2 bedrooms— perfect for a business and rental income.
The detached garage is an easy ADU conversion adding a third unit pushing PROFORMA rents to $5.2K+ p/ month. Whether you're looking to create a third income stream or a private guest space, the groundwork is here.
The building has a solid existing infrastructure, R3 zoning, and a location minutes from downtown and commuter routes, this property offers flexibility for investors, entrepreneurs, and end users alike. Run your business downstairs, rent or live upstairs, and explore the untapped value in the garage. Why rent a storefront, when you can own it, and collect rent from your tenants upstairs!
Location
All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.