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1039 Douglas Ave 5 Unit Apartment Building $995,000 ($199,000/Unit) Providence, RI 02904
Investment Highlights
- 19,828 SF Land
- Major Intersection
- Mixed Use Property
Executive Summary
Buildable land with existing income, located at a highly visible, busy intersection in Providence. Offered for sale is a nearly 20,000 SF comprised of two parcels, including a five-unit mixed-use building with three residential units and two restaurant spaces featuring newer updates including roof and mechanical systems. Both parcels convey together, offering additional development potential and subdivision, subject to approvals. Both parcels are zoned C-2, allowing for a wide range of permitted commercial and mixed-use uses with flexible development standards, including potential drive-through capacity. The site benefits from four curb cuts, providing excellent access, circulation, and exceptional visibility from all sides.
Property Facts
| Price | $995,000 | Building Class | C |
| Price Per Unit | $199,000 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 5,450 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 3.67/1,000 SF |
| Apartment Style | Low-Rise | Cross Streets | Branch Ave |
| Zoning | C-2 - Commercial district predominantly residential in character | ||
| Price | $995,000 |
| Price Per Unit | $199,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 5,450 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 3.67/1,000 SF |
| Cross Streets | Branch Ave |
| Zoning | C-2 - Commercial district predominantly residential in character |
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | PROV-001020-000001-000000 | Improvements Assessment | $430,600 |
| Land Assessment | $215,300 | Total Assessment | $645,900 |
Property Taxes
Parcel Number
PROV-001020-000001-000000
Land Assessment
$215,300
Improvements Assessment
$430,600
Total Assessment
$645,900
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1039 Douglas Ave
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