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Douglas Avenue Development Opportunity

544 Douglas Ave, Providence, RI 02908

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For Sale

$699,900

Two buildings near Providence College with income potential.

Type:Commercial

HighLights

Significant income potential through residential apartment conversion (7‑9 units) in a high‑demand location near Providence College.
Prime Providence location near downtown, I‑95, and Smith Hill amenities.
Flexible C2 zoning allows for various uses including apartments, condos, or mixed‑use development.
Updated fire safety systems, including sprinkler system and fire alarm panels.
On‑site paved parking lot for approximately 12 vehicles.
Previously used as apartments, simplifying conversion process.

We can help!

Listing Contact

Pete Dufresne

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For Sale

$699,900

Two buildings near Providence College with income potential.

Type:Commercial

Added:: Apr 26, 2026
Days on Market:: 59
Last Refresh:: Apr 26 at 6:38 pm

Property Features for 544 Douglas Ave

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1930

We can help!

Listing Contact

Pete Dufresne

Listing agent Pete Dufresne License #REB.18949

Listing office Keller Williams Realty Leading Edge

Listing date Apr 26, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Leading Edge

HighLights

Significant income potential through residential apartment conversion (7‑9 units) in a high‑demand location near Providence College.
Prime Providence location near downtown, I‑95, and Smith Hill amenities.
Flexible C2 zoning allows for various uses including apartments, condos, or mixed‑use development.
Updated fire safety systems, including sprinkler system and fire alarm panels.
On‑site paved parking lot for approximately 12 vehicles.
Previously used as apartments, simplifying conversion process.

Overview

This property on Douglas Avenue presents a development opportunity with income potential. It consists of two buildings in a Providence location, near Providence College. The property is currently used as professional offices, and was previously used as apartments. A residential apartment conversion, consisting of 7 to 9 units, is considered the best use of the property. The C2 zoning offers flexibility for other uses, such as condo conversion or mixed use. Rents in the area are strong, making a return to residences a possibility. Both buildings have updated fire systems, including a sprinkler system and fire alarm panels. An on-site paved lot accommodates approximately 12 vehicles, adding value as parking in the area is limited. Located near downtown Providence, I-95, and Smith Hill amenities, this property offers long-term potential in a high-demand corridor. The bike score is 39, the walk score is 69, and the transit score is 45.

Location Intelligence

Current Use by Public Records

Rob Levine & Associates Law Firm Punctual Plumber Plumbing Service

Suggested Use

Location Insight

Map
Local Demand

City: Providence
County: Providence
State: Rhode Island
Longitude: -71.42864
Latitude: 41.8449305

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For sale
Apartment buildings
RI
Providence
02908
544 Douglas Ave

What type of property is this?

Apartment building - Two buildings near Providence College with income potential.

Where is this apartment building located?

The property is located at 544 Douglas Ave Providence, RI.

What is the asking price?

The asking price for this property is $699,900.

What are key features of this property?

This property features: Significant income potential through residential apartment conversion (7‑9 units) in a high‑demand location near Providence College.; Prime Providence location near downtown, I‑95, and Smith Hill amenities.; Flexible C2 zoning allows for various uses including apartments, condos, or mixed‑use development.