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$440,000

56 60 River Avenue
Providence, RI 02908
Listed by Maria Santos
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1981

About this home

INVESTOR ALERT 56–60 River Ave presents a prime value-add opportunity with plans already in place for multi-unit residential conversion. Property features M1 zoning, public water & sewer, 13+ parking spaces, and a solid masonry structure ready for redevelopment. Two professional plan sets included, offering flexibility to maximize returns. Strategically located near Downtown Providence, major highways, hospitals, and top colleges ideal for rental or mixed-use potential. Easy to show – vacant strong upside with proper execution. Buyer to perform due diligence on zoning and plans

Property details

MLS #
1401652
Property type
Commercial,Industrial
Subdivision
N/A
Status
Active
Days on market
193
On market date
December 11, 2025
Stories
N/A
Garage spaces
N/A
Lot size
7,220 sqft
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Nearby schools

Within 10 miles · public school directory data (NCES)

ElementaryCharter
Paul Cuffee Lower School
0.47 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
361
Student:teacher ratio
11.6:1
District
Paul Cuffee Charter Sch
Middle
Nathanael Greene Middle
0.45 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
907
Student:teacher ratio
15.4:1
District
Providence
HighCharter
Times2 Middle/High School
0.95 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
403
Student:teacher ratio
14.9:1
District
Providence

Mortgage calculator

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Est. monthly payment
$2,800/mo
$88,000 down
$352,000 loan
Principal & interest$2,283
Property tax (est.)$367
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated June 23, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.