Multi Family at 217 Elmwood Avenue, Providence
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40 photos

$529,000

217 Elmwood Avenue
Providence, RI 02907
Listed by Rachel Wills
Bedrooms
3
Bathrooms
2
Living area
N/A
Year built
1925

About this home

Elmwood Residential/Commercial Multi-family in prime location. Excellent investment opportunity with this mixed-use property with very high traffic count. Located on a corner lot creates high visibility. Desirable location with easy access to shopping, downtown, interstate and airport. First floor offers a bright and meticulously kept commercial space and front porch - Could also be a residential apartment. The second floor consists of a 2 bedroom stylish apartment with great additional square footage potential (expand to third floor to create a chic townhouse). Replacement windows, artisan hardwoods & period charm. Laundry in basement. Long-term tenants at will. Rents are markedly below current demand. Off- street parking. Property will convey in As-Is condition. Sale is for property only. Schedule your private showing today! Property also listed under commercial/MLS #1404147

Property details

MLS #
1397231
Property type
Multi Family
Subdivision
Elmwood
Status
Active
Days on market
320
On market date
October 15, 2025
Stories
3
Total bathrooms
2
Garage spaces
N/A
Parking spaces
4
Lot size
0.12 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).

ElementaryCharter
Achievement First Promesa
0.28 mi away · Grades 0-2
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
276
Student:teacher ratio
13.1:1
District
Achievement First Rhode Island
Middle
Gilbert Stuart Middle School
0.17 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
790
Student:teacher ratio
12.5:1
District
Providence
HighCharter
Paul Cuffee Upper School
0.64 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
265
Student:teacher ratio
9.8:1
District
Paul Cuffee Charter Sch

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). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

78
Walkable
out of 100
EPA National Walkability Index
15.7 / 20 -- Most walkable

Market position

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

On the market 320 days -- 278 more days than Providence's current average of 42 days.
For reference, the median list price across 1,293 active listings in Providence right now is $449,900.

Mortgage calculator

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

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Est. monthly payment
$3,336/mo
$105,800 down
$423,200 loan
Principal & interest$2,745
Property tax (est.)$441
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated September 1, 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.