New Listing - 02/11/2026
544 Douglas Avenue, Providence, RI, 02908
26 rooms
12 beds
8 Full baths
1930
Exceptional development opportunity on Douglas Ave with significant income potential, consisting of two buildings in a prime Providence location, just steps from Providence College. This property is currently used as professional offices, previously used as apartments. Best use of the property would be a residential apartment conversion, consisting of 7-9 units. The zoning is C2 and offers excellent flexibility for other uses, such as condo conversion or mixed use. Rents in the area are very strong, making a return to residences here a lucrative possibility. Both buildings have updated fire systems, including sprinkler system and fire alarm panels. On-site paved lot for approximately 12 vehicles adds significant value as parking in the area is difficult to find. Located near downtown Providence, I-95, and Smith Hill amenities, this property offers strong long-term potential in a high demand corridor. Renderings and plans are for illustrative and proposed purposes only. (Floor Plans available upon request)
Status:
Active
Type:
Multi-family
Units:
4
Subdivision:
Elmhurst / Providence
Garage:
No Garage
Heating:
Ductless, Forced Air, Gas
Cooling:
Central Air, Ductless
Basement:
Exterior Entry, Full, Finished, Interior Entry
Parking:
12-car
Acreage:
0.22
Est. Taxes:
$20,688
Assessment
$708,500
Construction
Drywall,Plaster,Wood Siding
Utilities
Sewer Connected
Amenities:
Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
Appliances:
Water Heater
MLS #:
1404786
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Keller Williams Leading Edge 401-333-4900