Mixed-Use Property
For Sale
$2,650,000
550 Broad Street #3, Providence, RI 02907
Three-property portfolio combines apartment units, commercial space, paved parking, and renovation potential in Providence.
Property Size1 SF
Price / SF$2,650,000
Days on Market9
Property Features for 550 Broad Street #3
General Information
Standard status
Active
Size
1 SF
Total Parking Spaces
40
Property subtype
Commercial
Building Details
Year Built
1900
Buildings
3
Tenancy
Multi
Listing Agency:
Residential Properties Ltd.
(401) 245-9600
Listed By:
Collin Marchand · License #RES.0044072
(401) 626-9750
Source:
Lockandkeyre
Added: Sep 18
Changed: Sep 24
Last Checked: Sep 24 at 9:51AM
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 Residential Properties Ltd.
Investment Insights
Based on property information with market context.
This three-property Providence portfolio combines residential units with commercial space across 550 Broad Street, 568 Broad Street, and 118 Comstock Avenue. The properties include two three-story buildings with one-bedroom apartments, plus an updated restaurant/commercial building with a new mini-split system, one bathroom, and seating for approximately 15 guests. Paved parking is provided across the portfolio, with approximately 30–40 spaces in total.
118 Comstock Avenue contains approximately 3,107 square feet on a 6,234-square-foot lot and includes 9 one-bedroom units, with 3 units under renovation. At 550 Broad Street, the three-story air-conditioned building contains approximately 5,243 square feet on a 7,332-square-foot lot, along with 8 one-bedroom units and 8 baths. The site also has potential for 2 additional units, subject to required approvals. The portfolio has 11 tenants in place, several vacant units, and renovation work underway.
118 Comstock Avenue contains approximately 3,107 square feet on a 6,234-square-foot lot and includes 9 one-bedroom units, with 3 units under renovation. At 550 Broad Street, the three-story air-conditioned building contains approximately 5,243 square feet on a 7,332-square-foot lot, along with 8 one-bedroom units and 8 baths. The site also has potential for 2 additional units, subject to required approvals. The portfolio has 11 tenants in place, several vacant units, and renovation work underway.
Key Highlights
- Three‑property portfolio at 550 Broad Street, 568 Broad Street, and 118 Comstock Avenue
- Approximately 30–40 parking spaces across the properties
- 118 Comstock Avenue: approximately 3,107 sq. ft. on a 6,234 sq. ft. lot with 9 one‑bedroom units
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,796
Businesses Nearby
Explore this area
Business Placement
Demographics for 02907, RI
29,827
Population
11,474
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
2.2 sq mi
ZIP Area
13,558
Density / Sq Mi
$49,564
Median Household Income
$32,619
Median Earnings
$1,136
Median Rent
$311,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-property portfolio combines apartment units, commercial space, paved parking, and renovation potential in Providence.
Where is this mixed-use property located?
The property is located at 550 Broad Street #3 Providence, RI.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Three‑property portfolio at 550 Broad Street, 568 Broad Street, and 118 Comstock Avenue; Approximately 30–40 parking spaces across the properties; 118 Comstock Avenue: approximately 3,107 sq. ft. on a 6,234 sq. ft. lot with 9 one‑bedroom units
