560 Plainfield Street, Providence, RI 02909

Local realty services provided by:ERA Key Realty Services
560 Plainfield Street,Providence, RI 02909
$449,900
  • 2 Beds
  • 1 Baths
  • 2,828 sq. ft.
  • Multi-family
  • Active
Listed by:devon urena
Office:smith and oak real estate co.
MLS#:1392358
Source:RI_STATEWIDE

Price summary

  • Price:$449,900
  • Price per sq. ft.:$159.09

About this home

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!

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Home facts

  • Year built:1920
  • Listing Id #:1392358
  • Added:2 day(s) ago
  • Updated:August 12, 2025 at 10:10 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:2,828 sq. ft.

Heating and cooling

  • Cooling:Attic Fan, Wall Units
  • Heating:Oil, Space Heater

Structure and exterior

  • Year built:1920
  • Building area:2,828 sq. ft.
  • Lot area:0.08 Acres

Utilities

  • Water:Connected, Public
  • Sewer:Connected, Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$449,900
  • Price per sq. ft.:$159.09
  • Tax amount:$6,363 (2025)
MLS LogoThe data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than ERA Key Realty Services are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved. Date Last Update: August 12, 2025