New Listing - 02/11/2026
544 Douglas Avenue, Providence, RI, 02908
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. (Floor Plans available upon request)
Status:
Active
Type:
Commercial
Units:
1
Complex:
Elmhurst / Providence College
Parking:
12-car
Acreage:
0.22
Est. Taxes:
$20,688
Assessment
$708,500
Permitted Use
Commercial,Investment,Multi-Family,Office
Construction
Frame
Utilities
Sewer Connected
Amenities:
Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
MLS #:
1404783
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Keller Williams Leading Edge 401-333-4900