559 Br Ave, Providence, RI 02904-2207
This exceptional commercial property at 559 Branch Avenue in Providence, Rhode Island presents a unique multi-family investment opportunity. Situated on a 0.07-acre lot, this building boasts convenient access to major roadways, including Routes 146 and 95, ensuring effortless commutes north and south. Its proximity to the highway (a quarter-mile away) and the abundance of nearby shopping and amenities further enhance its appeal. Public transportation is readily available via the bus line. The property includes valuable off-street parking and a small yard. The building's units are well-maintained, reflecting responsible tenant occupancy. Currently, the first floor is leased to a church, providing a stable income stream. This property offers significant potential for owner-occupancy, allowing for the operation of a business on the first floor while utilizing the upper floors for residential purposes. The asking price is $549,900. Estimated property taxes are available upon request. This is a rare opportunity to acquire a well-located, income-producing property with versatile usage potential. Don't miss out on this chance to secure a valuable asset in a thriving area. Contact us today to schedule a viewing.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Providence, RIProvidence. Always verify with local authorities before improvements.
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.