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    498 Washington St Providence, RI 02903

    For Sale
    $995,000

    Multi Family - Providence, RI

    Type:Multi Family
    Property size:
    3,323 SF
    Lot size:
    0.10 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 8 at 10:06 pm

    Property Features for 498 Washington St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    C2
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    4
    Parking
    7
    Interior features
    Plumbing (mixed)
    Exterior features
    Paved Driveway, Sidewalks
    Size
    3,323 SF
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)

    Building Details

    Year built
    1900
    Number of units
    4
    Flooring type
    Hardwood
    Building materials
    Clapboard
    Architectural style
    Other

    Residential Properties Ltd. (401) 439-7705 [email protected]

    Listing agent Jane Driver (401) 457-3400

    Listing date Nov 12, 2025

    MLS# 1396438 Listing URL

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Iconic Multifamily with Storefront

    This historic West Side property, available for the first time in almost 40 years, includes 3 apartments and a storefront. The property is up to the current fire code. Each apartment is described as crisp, clean, and chic, with sunlight throughout the day. The apartments feature wood floors and large rooms. The units and hallways are freshly painted and turn key. Each apartment has separate, high-efficiency heating units, and the electric is updated throughout. Electric and gas are individually metered and paid by tenants; there is also a new house meter. All apartments have new stainless steel appliances. Coin-op laundry is located in the basement, and there is off-street parking. The exterior features hardy board siding. The property is suitable for an owner-occupant with a small business or an investor. The property qualifies for FHA Financing. The lot size is 0.1002 acres, and the property size is 3323 square feet. The zoning is C2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    White Buffalo Ri Gift Shop

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.425728
    Latitude
    41.81768

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    FAQs

    What type of property is this?
    Quadplex - Historic West Side property featuring apartments and a storefront.
    Where is this quadplex located?
    The property is located at 498 Washington St Providence, RI.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Income-generating property featuring 3 apartments and a storefront.; - Move-in ready condition with fresh paint, updated electric, and new stainless steel appliances.; - Separate, high-efficiency heating units and individually metered utilities for each apartment.
    (401) 457-3400
    Request Owner's contact information
    498 Washington St Providence, RI 02903
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    Providence, RI 02903
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    498 Washington St Providence, RI 02903
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