Property profile

559 Branch Ave Providence, RI 02904

FOR SALE
Other investment properties
Property ID
US76-0102380
2,768 SF 0.07 ac lot Built 1920
Entity Owned 5-yr Hold
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This versatile three-unit mixed-use property includes two residential units on the second and third floors and a first-floor commercial space that has historically been used by a church. The building is configured to support multiple use scenarios, including conversion to a full multi-family layout or a live/work arrangement with business space on the ground floor and residential living space above; alternatively, the commercial portion can be used independently for business purposes. The property is located just off Routes 146 and I-95, within a short distance of the highway for north/south commuting, and it sits on a bus line with nearby retail, dining, and everyday services. Exterior features include off-street parking and a small yard. The property is listed as a multi-family property and is designed to function as a combination of residential and commercial spaces.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Construction FRAME
Total area 2,768 SF
Lot 0.07 ac (3,081 SF)
Zoning code C-2
APN PROV M:98 L:420
UPID US76-0102380

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

559 Branch Ave Providence, RI 02904
Providence metro Census 2900 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2021
Last sale
$230,000
7 recorded transactions
2021
$230,000
2015
Price N/A
2006
Price N/A
2006
$1
2000
$77,000
1999
Price N/A
1998
$35,000

Zoning & alternative use

C-2 · Providence, RI
Zoning description

The intent of the C-2 General Commercial District is intended for more intensive commercial uses and key commercial nodes, including larger retail establishments

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message