Multi Family at 661 Douglas Avenue, Providence
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27 photos

$440,000

661 Douglas Avenue
Providence, RI 02908
Listed by Dawn Tramontano
Bedrooms
3
Bathrooms
2
Living area
N/A
Year built
1940

About this home

Providence College Area Two-Family | Income-Producing | Owner-Occupant or Investor Opportunity Rare opportunity to own a two-family home in the highly sought-after Providence College neighborhood, where rental demand stays consistently strong. The first floor features an efficient studio-style unit, ideal for generating rental income or creating a private in-law suite for a multi-generational living situation. The second floor, lower level offers a two-bedroom layout. Both units are currently occupied on a month-to-month basis, giving investors immediate cash flow and giving owner-occupants the flexibility to move in or keep a tenant offsetting the mortgage. Minutes from campus, local shops, dining, and major highways, making tenant placement easy and everyday living convenient. Live in one unit and let the other help pay your mortgage, or add a proven rental to your portfolio. Opportunities like this near Providence College don't last. First showing at open house.

Property details

MLS
Rhode Island Association of REALTORS
MLS #
1426198
Property type
Multi Family
Subdivision
Wanskuck
Status
Active
Days on market
N/A
On market date
October 27, 2026
Stories
2
Total bathrooms
2
Garage spaces
N/A
Parking spaces
4
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.

Elementary
Veazie Street School
0.26 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
0.57 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
0.46 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).

86
Highly walkable
out of 100
EPA National Walkability Index
15.2 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores10
Parks15
Schools15
Transit stops20
Pharmacies5

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 1,502 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
$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 2 days ago.

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.