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    498 Washington St Providence, RI 02903

    For Sale
    $995,000

    Mixed Use,Commercial - Providence, RI

    Property size:
    3,405 SF
    Days on Market:
    26
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 498 Washington St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking
    6
    Exterior features
    Free Standing, Urban
    Size
    3,405 SF

    Utilities

    Heating system
    Baseboard, Heat Pump (Heating)

    Building Details

    Year built
    1900
    Number of units
    4
    Architectural style
    Other

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

    Listing agent Jane Driver (401) 457-3400

    Listing date Nov 10, 2025

    MLS# 1399103 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 Mixed-Use Property, Providence

    This iconic property, available for the first time in almost 40 years, features a mix of residential and commercial space. The building includes 3 apartments and a storefront. The apartments are described as clean and well-lit, with wood floors and updated stainless steel appliances. Each apartment has separate, high-efficiency heating units. The electrical systems have been updated throughout the property. A coin-operated laundry is located in the basement. Off-street parking is available. The property contains 3,405 square feet and is located in Providence, Rhode Island. It is suitable for an owner-occupant or as an investment property.
    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?
    Mixed-use property - Historic mixed-use property with apartments and storefront in Providence.
    Where is this mixed-use property 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: - Historic, iconic property available for the first time in almost 40 years.; - Includes 3 updated, turn-key apartments plus a storefront.; - Each apartment features new stainless steel appliances and separate, high-efficiency heating units.
    (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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