560 Plainfield ST new Save Request In-Person Tour Request Virtual Tour
Providence,RI 02909
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,828 sqft
Price per Sqft $159
MLS Listing ID 1392358
Bedrooms 2
Full Baths 1
Year Built 1920
Annual Tax Amount $6,363
Tax Year 2025
Lot Size 3,598 Sqft
Property Sub-Type Multi Family
Property 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
State RI
County Providence
Zoning R-3
Interior
Heating Oil,Space Heater
Cooling Attic Fan,Wall Unit(s)
Flooring Ceramic Tile,Laminate
Fireplaces Type None
Inclusions Existing tenant lives upstairs and owns the mattress store in the commercial unit. Total rent is $2,000.
Exterior
Parking Features Detached
Garage Spaces 1.0
Community Features Highway Access,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping
Utilities Available Sewer Connected
Building
Foundation Concrete Perimeter,Stone
Sewer Connected,Public Sewer
Water Connected,Public
Structure Type Drywall,Brick,Vinyl Siding
New Construction No
Others
Virtual Tour https://tour.RiLiving.com/560-Plainfield-Street-Providence-RI-02909