+1 more

6 photos

$500,000

614 Plainfield Street

Providence, RI 02909

Listed by Matthew Eliason

Bedrooms

N/A

Bathrooms

N/A

Living area

N/A

Year built

1925

About this home

Prime Investment Opportunity with Endless Potential! Located in a high-visibility, high-traffic area, this exceptional multi-use commercial property offers an outstanding opportunity for investors and business owners alike. The building is currently home to a successful check-cashing business and a popular Mexican restaurant, providing immediate rental income. A third commercial unit is vacant and ready for your next tenant or business venture; it was previously occupied by a well-established law office. The possibilities don't stop there! The current owner had plans to transform the expansive attic into additional living space, offering even greater income potential (subject to local approvals). Additional features include off-street parking, generous storage space, and established tenants already in place. With constant vehicle traffic, excellent visibility, and flexible commercial space, this property is perfectly positioned for long-term growth and success

Property details

MLS #: 1417295
Property type: Commercial,Commercial Sale
Subdivision: N/A
Status: Active
Days on market: 20
On market date: July 8, 2026
Stories: N/A
Garage spaces: N/A
Lot size: 3,772 sqft

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary

Frank D. Spaziano Elem School

0.27 mi away · Grades 1-5

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: 378
Student:teacher ratio: 15.1:1
District: Providence

MiddleCharter

AF Providence Mayoral Middle

0.38 mi away · Grades 5-8

Nearest school -- attendance-zone data not available here

1.0

Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating

Enrollment: 405
Student:teacher ratio: 31.2:1
District: Achievement First Rhode Island

High

Mount Pleasant High

1.9 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: 1,174
Student:teacher ratio: 14.5:1
District: Providence

Mortgage calculator

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

Home price

Down payment

Interest rate

Loan term

Adjust tax / insurance estimates

Property tax

% / yr

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/mo

Est. monthly payment

$3,161/mo

$100,000 down

$400,000 loan

Principal & interest$2,594

Property tax (est.)$417

Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated July 19, 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.