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$599,000

555 Branch Avenue
Providence, RI 02904
Listed by Hilda Vargas
Bedrooms
6
Bathrooms
3
Living area
N/A
Year built
1900

About this home

INVESTORS THIS IS YOUR OPPORTUNITY!!! Located in the vibrant center of Providence, this well-positioned 6-bedroom, 3-bathroom property presents an exceptional opportunity for investors seeking strong rental potential and long-term value. Situated just minutes from downtown, major universities, hospitals, restaurants, and public transportation, the property benefits from consistent demand in one of the city's most desirable rental markets. Featuring a spacious layout with six generously sized bedrooms and three full bathrooms, the home offers flexibility for student housing, multi-tenant leasing, or a large-family rental. The property's attractive price point, combined with its highly sought-after location, makes it a compelling addition to any investment portfolio. Conveniently situated near downtown, universities, hospitals, shopping, dining, and public transportation, it benefits from strong rental demand and excellent accessibility. Whether you're looking to generate immediate cash flow or capitalize on Providence's continued growth and redevelopment, this property delivers the ideal combination of location, size, and investment potential. Opportunities like this in the heart of Providence are increasingly difficult to find—making this a smart choice for both seasoned and first-time investors.

Highlights

Fireplace

Property details

MLS #
1414324
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
June 24, 2026
Stories
N/A
Total bathrooms
3
Garage spaces
N/A
Parking spaces
4
Lot size
0.0643 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.

Elementary
Veazie Street School
0.58 mi away · Grades 0-5
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
539
Student:teacher ratio
16.3:1
District
Providence
Middle
Esek Hopkins Middle
0.29 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
492
Student:teacher ratio
13.3:1
District
Providence
High
E-Cubed Academy
0.6 mi away · Grades 9-12
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
330
Student:teacher ratio
9.4:1
District
Providence

Walkability

Blended score for 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).

90
Highly walkable
out of 100
EPA National Walkability Index
16.7 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores9
Parks11
Schools11
Transit stops20
Pharmacies6

Market position

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

On the market 0 days -- 43 fewer days than Providence's current average of 43 days.
For reference, the median list price across 1,356 active listings in Providence right now is $450,000.

Mortgage calculator

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

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Est. monthly payment
$3,757/mo
$119,800 down
$479,200 loan
Principal & interest$3,108
Property tax (est.)$499
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 24, 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.