217 Elmwood Ave Providence, RI 02907
Elmwood Residential/Commercial Multi-family in prime location. Excellent investment opportunity with this mixed-use property with very high traffic count. Located on a corner lot creates high visibility. Desirable location with easy access to shopping, downtown, interstate and airport. First floor offers a bright and meticulously kept commercial space and front porch - Could also be a residential apartment. The second floor consists of a 2 bedroom stylish apartment with great additional square footage potential (expand to third floor to create a chic townhouse). Replacement windows, artisan hardwoods period charm. Laundry in basement. Long-term tenants at will. Rents are markedly below current demand. Off- street parking. Property will convey in As-Is condition. Sale is for property only. Schedule your private showing today
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.