560 Plainfield Street Providence, RI 02909
Listing Courtesy of: RHODE ISLAND / Smith And Oak Real Estate Co. / Devon Urena

  560 Plainfield Street Providence, RI 02909

Active (80 Days)
$449,900 (USD)
2
BED
1
BATH
2,828
SQFT

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!

MLS #:
1392358
Taxes
$6,363(2025)
Lot Size
3,600 SQFT
Type
Multifamily
Year Built
1920
County
Providence County

Listed By

Devon Urena, Smith And Oak Real Estate Co.
Source
RHODE ISLAND
Last checked Oct 30 2025 at 7:22 PM GMT+0000
Bathroom Details
  • Full Bathroom: 1
Interior Features
  • Electric Water Heater
  • Refrigerator
  • Exhaust Fan
  • Wall (Dry Wall)
  • Insulation (Unknown)
Property Features
  • Fireplace: None
  • Fireplace: 0
  • Foundation: Stone
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Oil
  • Space Heater
  • Attic Fan
  • Wall Unit(s)
Basement Information
  • Partial
  • Interior and Exterior
  • Unfinished
  • Storage Space
  • Utility
Flooring
  • Laminate
  • Ceramic Tile
Utility Information
  • Sewer: Connected, Public
Garage
  • Garage
Parking
  • Detached
  • Total: 4
Stories
  • 2
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2025 State-Wide Multiple Listing Service. All rights reserved. 10/30/25 12:22