Commercial Sale at 472 Waterman Ave, East Providence RI 02914, East Providence
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39 photos

$999,991

472 Waterman Ave, East Providence RI 02914
East Providence, RI 02914
Listed by Michael Cappiello
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

Don’t miss this rare opportunity to own a well-established mixed-use property located on highly desirable Waterman Avenue. This income-producing asset features a thriving restaurant and two spacious residential units, offering strong investment potential.The first floor is home to a successful, long-standing restaurant with over 30 years of operation. The space includes a full-service bar, fully equipped kitchen, two restrooms, and a charming outdoor patio—perfect for additional seating during the warmer months.The second floor features two large apartments, each offering 3 bedrooms, 1 full bathroom, bonus rooms, separate dining rooms, and generously sized kitchens ideal for maximizing rental income or owner-occupancy.The property has been well maintained with major exterior updates completed within the past year, including vinyl siding, roof, and fresh exterior paint. A nicely paved driveway in the rear adds convenience for tenants and patrons alike.Positioned in a high-visibility

Property details

MLS #
73507200
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
163
On market date
April 24, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.1 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Emma G. Whiteknact School
0.26 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
255
Student:teacher ratio
11.6:1
District
East Providence
Middle
Edward Martin Middle
0.78 mi away · Grades 6-8
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
595
Student:teacher ratio
12.9:1
District
East Providence
High
East Providence High
0.32 mi away · Grades 9-12
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
1,585
Student:teacher ratio
14.4:1
District
East Providence

Walkability

Blended score for East Providence's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

87
Highly walkable
out of 100
EPA National Walkability Index
15.5 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks8
Schools13
Transit stops20
Pharmacies5

Market position

How this listing compares to current activity in East Providence, from live MLS data.

On the market 163 days -- 111 more days than East Providence's current average of 52 days.
For reference, the median list price across 269 active listings in East Providence right now is $474,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$6,172/mo
$199,998 down
$799,993 loan
Principal & interest$5,189
Property tax (est.)$833
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 10, 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.