215 Broadway Providence, RI $ 2,950,000
215 Broadway
$ 2,950,000
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215 Broadway

Providence, RI, 02903
$ 2,950,000
Bedrooms-- Baths-- Sq 7,600

Monthly Estimate*

$ 18,627

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Commercial Property for sale in Providence, RI

for $2,950,000. This 7,600 square foot building was built in 1887.

A distinguished 1887 Second Empire mansion prominently situated along Broadway, one of Providence's most recognizable and desirable West Side corridors. Comprehensively renovated in recent years, this architecturally significant property has been thoughtfully transformed into ten distinctive residential units, offering a mix of studio, one-, two-, and three-bedroom layouts. The property presents a compelling combination of irreplaceable historic character, modern building systems, and established in-place income within one of Providence's strongest rental markets. Throughout the building, the renovation carefully preserves many of the mansion's exceptional original details, including ornate paneled walls, marble fireplaces, parquet flooring, and crystal chandeliers, while incorporating the amenities expected by today's residents. Units feature updated kitchens and designer baths complemented by extensive mechanical and infrastructure improvements. Recent capital improvements include electrical and HVAC upgrades, a new fire alarm system, and a fully sprinklered building. Additional amenities include dedicated common laundry facilities and secure bicycle storage. 215 Broadway represents a rare opportunity to acquire a substantial, income-producing multifamily asset where historic Providence architecture and modern improvements come together in an exceptional West Side location.

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Commercial Active

Price

$ 2,950,000

Property Type

Commercial

Taxes

$ 36,500

Style

Year Built

1887

Town/City

Providence

County/Region

Providence

MLS | Web ID

1421248

Features
General
Sewer Connected
Heating Heat Pump
Cooling Central Air 1 Unit
Utilities Natural Gas Connected Sewer Connected
Zoning R-P
Security Features Fire Alarm Smoke Detector(s) Fire Sprinkler System
Construction Materials Frame
Year Built 1887
Electric 3 Phase 200+ Amp Service
Property Subtype Commercial
Tax Year 2026
County Providence
New Construction false
Property Type Commercial Sale
Subdivision Name Broadway West Side
Possible Use Multi-Family
Status Active
City Providence
Number Of Units Total 0
Lot Size Units Square Feet
Lot Size Square Feet 9045
Number of Units Leased 10
Land Lease Y/N false
Tax Annual Amount 36500
Virtual Tour https://www.dropbox.com/scl/fi/ljrkqrh49sylbqp059cg5/Video.mp4?rlkey=s33dqg00j0vdpfr4rhfqlyvnw&st=gvl1bsug&dl=0
Structure Type Multi Family
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 1405100
Tax Lot 260
Cap Rate 5.73
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Interior
Basement Full
Total Stories 0
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Lot Features Historic District
Total Parking 12
Lot Size Area 9045
Foundation Details Concrete Perimeter Stone
Number of Buildings 1
Building Area Total 7600
Road Frontage Type City Street
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* Excluded Features
List By
Broadway Real Estate Group

Broker

Doug@BroadwayReg.com

Email

Affordability Calculator

$21,668
Per Month
86%
14%
0%
Monthly Principal & Interest
$18,627
Monthly Property Taxes
$3,042
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
8/24/2026$2,950,000 Listed Price

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215 Broadway, Providence, RI, 02903 is a Commercial Property for sale at $2,950,000 with 7,600 sqft. 215 Broadway was built in 1887. The property's zip code is 02903 which is in Providence, RI