217 Elmwood Avenue 2 Providence, RI $ 529,000
217 Elmwood Avenue 2
$ 529,000
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217 Elmwood Avenue 2

Providence, RI, 02907
$ 529,000
Bedrooms-- Baths-- Sq 2,570

Monthly Estimate*

$ 3,257

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Commercial Property for sale in Providence, RI

for $529,000. This 2,570 square foot building was built in 1925 on a lot size of 0.12.

Elmwood Residential/Commercial Multi-family in prime location. Excellent investment opportunity with this mixed-use property with very high traffic count. Located on a corner lot creates high visibility. Desirable location with easy access to shopping, downtown, interstate and airport. First floor offers a bright and meticulously kept commercial space and front porch - Could also be a residential apartment. The second floor consists of a 2 bedroom stylish apartment with great additional square footage potential (expand to third floor to create a chic townhouse). Replacement windows, artisan hardwoods & period charm. Laundry in basement. Long-term tenants at will. Rents are markedly below current demand. Off- street parking. Property will convey in As-Is condition. Sale is for property only. Schedule your private showing today

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Commercial Active

Price

$ 529,000

Property Type

Commercial

Taxes

$ 6,112

Style

Lot Size

0.12

Year Built

1925

Town/City

Providence

County/Region

Providence

MLS | Web ID

1404147

Features
General
Sewer Connected Public Sewer
Cooling 1 Unit
Utilities Sewer Connected
Possession Close Through 45 Days Immediately Negotiable
Security Features Carbon Monoxide Detector(s)
Construction Materials Brick
Year Built 1925
Electric 150 Amp Service
Tenant Pays Electricity
Unit Number 2
Property Subtype Commercial
Tax Year 2025
Business Type Mixed
Community Features Sidewalks High Traffic Location
County Providence
New Construction false
Property Type Commercial Sale
Subdivision Name Elmwood
Building Features Public Restrooms
Status Active
City Providence
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 5227
Number of Units Leased 2
Land Lease Y/N false
Tax Annual Amount 6112
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 436600
Tax Lot 697
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Interior
Basement Full
Total Stories 0
Basement (Y/N) true
Air Conditioning Y/N true
Laundry Features Laundry Room
Total Baths 0
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Exterior
Lot Features Corner Lot
Total Parking 4
Lot Size Area 5227
Number of Buildings 1
Building Area Total 2570
Lot Size Acres 0.12
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* Excluded Features
List By
Peter M. Scotti & Assoc.,Inc.

Broker

rachelwillsrussell@gmail.com

Email

Affordability Calculator

$3,766
Per Month
86%
14%
0%
Monthly Principal & Interest
$3,257
Monthly Property Taxes
$509
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
3/5/2026$529,000 -8.00% Price Down
2/4/2026$575,000 Listed Price

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217 Elmwood Avenue 2, Providence, RI, 02907 is a Commercial Property for sale at $529,000 with 2,570 sqft and a lot size of 0.12. 217 Elmwood Avenue 2 was built in 1925. The property's zip code is 02907 which is in Providence, RI