$449,900

560 Plainfield St Providence, RI 02909

Silver Lake Neighborhood

Estimated payment $2,915/month

Total Views 3,555
2 Beds
1 Bath
2,828 Sq Ft
$159 Price per Sq Ft

Highlights

  • Recreation Facilities
  • Cooling System Mounted In Outer Wall Opening
  • Storage Room
  • 1 Car Detached Garage
  • Bathtub with Shower
  • Public Transportation

About This Home

Investor Opportunity Mixed-Use with 3rd unit ADU Potential // Proforma Cap Rate: 8.2% Set on a 3,600 sq ft lot in a high-traffic area of Providence, this freestanding brick mixed-use building offers strong upside potential. Includes a spacious retail space on the first floor and a residential unit above featuring 2 bedrooms perfect for a business and rental income. The detached garage is an easy ADU conversion adding a third unit pushing PROFORMA rents to $5.2K+ p/ month. Whether you're looking to create a third income stream or a private guest space, the groundwork is here. The building has a solid existing infrastructure, R3 zoning, and a location minutes from downtown and commuter routes, this property offers flexibility for investors, entrepreneurs, and end users alike. Run your business downstairs, rent or live upstairs, and explore the untapped value in the garage. Why rent a storefront, when you can own it, and collect rent from your tenants upstairs!

Listing Agent

Devon Urena

Smith and Oak Real Estate Co. License #RES.0049774 Listed on: 08/11/2025

Co-Listing Agent

The WP Group

Smith and Oak Real Estate Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,363

Year Built

  • Built in 1920

Parking

  • 1 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,828 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Utility Room
  • Attic Fan

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Unfinished Basement

  • Partial Basement
  • Interior and Exterior Basement Entry

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Space Heater
  • Heating System Uses Oil
  • 100 Amp Service
  • Electric Water Heater

Additional Features

  • 3,600 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 57
  • Assessor Parcel Number 560PLAINFIELDSTPROV

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,363

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0826
  • Co List Office Mls Id: RIIS
  • Co List Office Phone: 401-464-2617
  • Inclusions: Existing tenant lives upstairs and owns the mattress store in the commercial unit. Total rent is $2,000.
  • Above Grade Finished Sq Ft: 2828.0
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1920
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 2
  • Appliances: Exhaust Fan, Electric Water Heater, Refrigerator
  • Has Basement: Exterior Entry, Interior Entry, Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate
  • Interior Amenities: Tub Shower
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2

Exterior Features

  • Construction Type: Drywall, Brick, Vinyl Siding
  • Foundation Details: Concrete Perimeter, Stone

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Attic Fan, Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Oil, Space Heater
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3600.0
  • Parcel #: 560PLAINFIELDSTPROV
  • Zoning: R-3

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 6363.0
  • Tax Lot: 57
  • Tax Year: 2025

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 For Sale $449,900 -- $159 / Sq Ft
Source: State-Wide MLS

Source: State-Wide MLS

MLS Number: 1392358

State-Wide MLS
Rhode Island Providence County Providence 02909 Silver Lake

560 Plainfield St, Providence, RI

This home is located at 560 Plainfield St, Providence, RI 02909 and is currently priced at $449,900, approximately $159 per square foot. This property was built in 1920. 560 Plainfield St is a home located in Providence County with nearby schools including Charles N. Fortes Elementary School, Asa Messer Elementary School, and Laurel Hill Annex School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Devon Urena
Listing Agent
Devon Urena
Section Image
Smith and Oak Real Estate Co.
(401) 593-5656