Multi-Family $ 699,900

544 Douglas AVE

Providence, RI 02908

  • 12 Beds
  • 8 Baths
    Full Baths: 8
  • 7,936 SqFt
  • 9,583 Lot Size
  • 1930 Year Built
Exceptional development opportunity on Douglas Ave with significant income potential, consisting of two buildings in a prime
Providence location, just steps from Providence College. This property is currently used as professional offices, previously used as
apartments. Best use of the property would be a residential apartment conversion, consisting of 7-9 units. The zoning is C2 and
offers excellent flexibility for other uses, such as condo conversion or mixed use. Rents in the area are very strong, making a
return to residences here a lucrative possibility. Both buildings have updated fire systems, including sprinkler system and fire
alarm panels. On-site paved lot for approximately 12 vehicles adds significant value as parking in the area is difficult to find.
Located near downtown Providence, I-95, and Smith Hill amenities, this property offers strong long-term potential in a high demand corridor. Renderings and plans are for illustrative and proposed purposes only. (Floor Plans available upon request)
Listed by Keller Williams Leading Edge

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Multi Family

    Listing Status Pending

    Purchase Type For Sale

    Square Footage 7, 936 sqft

    Price per Sqft $88

    Subdivision Elmhurst / Providence

    MLS Listing ID 1404786

    Bedrooms 12

    Full Baths 8

    HOA Y/N No

    Abv Grd Liv Area 7,936

    Year Built 1930

    Annual Tax Amount $20,688

    Tax Year 2025

    Lot Size 9,583 Sqft

    Acres 0.22

    Property Sub-Type Multi Family

  • Location

    State RI

    County Providence

    Community Elmhurst / Providence

  • Rooms

    Basement Exterior Entry, Full, Finished, Interior Entry

  • Building

    Sewer Connected, Public Sewer

    Water Connected, Public

    Structure Type Drywall,Plaster,Wood Siding

    New Construction No

  • Interior

    Heating Ductless, Forced Air, Gas

    Cooling Central Air, Ductless

    Flooring Carpet, Laminate, Vinyl

    Fireplace No

    Appliance Water Heater

  • Exterior

    Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping

    Utilities Available Sewer Connected

    Total Parking Spaces 12

    Garage No

  • Others

    Senior Community No

    Tax ID 544DOUGLASAVPROV

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CONTACT

Spectrum Real Estate Consultants
Spectrum Real Estate Consultants

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