RI > Providence
Providence, RI 02909,560 Plainfield ST
Providence, RI 02909,560 Plainfield ST
Providence, RI 02909,560 Plainfield ST
Providence, RI 02909,560 Plainfield ST
Providence, RI 02909,560 Plainfield ST
Providence, RI 02909,560 Plainfield ST
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L&L Homes Team

L&L Homes Team

+1(508) 649-5646
$ 449,900
Est. payment | /mo

2 Beds

1 Bath

2,828 SqFt

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$ 449,900
Est. payment | /mo
Save Virtual Tour

2 Beds

1 Bath

2,828 SqFt

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

HOA Y/N No

Abv Grd Liv Area 2,828

Year Built 1920

Annual Tax Amount $6,363

Tax Year 2025

Lot Size 3,598 Sqft

Acres 0.0826

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

Rooms

Basement Exterior Entry, Interior Entry, Partial, Unfinished

Interior

Interior Features Tub Shower

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.

Fireplace No

Appliance Exhaust Fan, Electric Water Heater, Refrigerator

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

Total Parking Spaces 4

Garage Yes

Building

Foundation Concrete Perimeter, Stone

Sewer Connected, Public Sewer

Water Connected, Public

Structure Type Drywall,Brick,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 560PLAINFIELDSTPROV

Virtual Tour https://tour.RiLiving.com/560-Plainfield-Street-Providence-RI-02909

© 2025 State-Wide Multiple Listing Service. All rights reserved.
Listed by Smith and Oak Real Estate Co.
agent
L&L Homes Team

Licensed in MA, CA, RI | License ID: 9527841

+1(508) 649-5646 | info@llhomesteam.com

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