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669 Elmwood Ave 14 Unit Apartment Building $3,950,000 ($282,143/Unit) 8.92% Cap Rate Providence, RI 02907

Apartment Buildings Rhode Island Providence 669 Elmwood Ave, Providence, RI 02907

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INVESTMENT HIGHLIGHTS

  • Mixed, residential lofts, office/studio, warehouse

EXECUTIVE SUMMARY

669 Elmwood Avenue, 68,561 square foot parcel improved with a circa 1900, two and three level masonry and timber mill. Currently divided into 14 residential lofts, 43,850 SF / 3 industrial/warehouse spaces 11,400 SF and 12 office/studios 8,330 SF currently netting $323,900. Lofts are over-sized can easily be subdivided.
643 Elmwood Avenue, 19,526 square foot lot zoned C-2, development potential for 30 residential units.

ATTACHMENTS

Marketing Brochure/Flyer

PROPERTY FACTS

Price $3,950,000 Building Class C
Price Per Unit $282,143 Lot Size 2.02 AC
Sale Type Investment Building Size 63,580 SF
Cap Rate 8.92% No. Stories 3
No. Units 14 Year Built 1900
Property Type Multifamily Parking Ratio 0.36/1,000 SF
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Low-Rise
Zoning M1 - Industrial Zoned
Price $3,950,000
Price Per Unit $282,143
Sale Type Investment
Cap Rate 8.92%
No. Units 14
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 2.02 AC
Building Size 63,580 SF
No. Stories 3
Year Built 1900
Parking Ratio 0.36/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning M1 - Industrial Zoned
1 1
Walk Score®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • PROV-520044-000000-000000
  • PROV-520370-000000-000000
 Improvements Assessment $1,189,500
Land Assessment $1,066,300 Total Assessment $2,255,800

PROPERTY TAXES

Parcel Numbers
Multiple
  • PROV-520044-000000-000000
  • PROV-520370-000000-000000
Land Assessment
$1,066,300
Improvements Assessment
$1,189,500
Total Assessment
$2,255,800
(401) 255-7704

Still interested?

Contact the broker for more information about this property

CONTACT

  • Listing ID: 37472777

  • Date on Market: 8/29/2025

  • Last Updated:

  • Address: 669 Elmwood Ave, Providence, RI 02907

More public record information on 669 Elmwood Ave, Providence, RI 02907

The Elmwood Multifamily Property at 669 Elmwood Ave, Providence, RI 02907 is currently available. Contact Peter Scotti & Associates for more information.

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669 Elmwood Ave
(401) 255-7704 x

669 Elmwood Ave

Peter Scotti
(401) 255-7704

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