560 Plainfield Street, Providence, Residential Income

Investor Opportunity – Mixed-Use with 3rd unit ADU Potential // Proforma Cap Rate: 8.2%

Set on a 3,600 sq ft lot in a high-traffic area of Providence, this freestanding brick mixed-use building offers strong upside potential. Includes a spacious retail space on the first floor and a residential unit above featuring 2 bedrooms— perfect for a business and rental income.

The detached garage is an easy ADU conversion adding a third unit pushing PROFORMA rents to $5.2K+ p/ month. Whether you’re looking to create a third income stream or a private guest space, the groundwork is here.

The building has a solid existing infrastructure, R3 zoning, and a location minutes from downtown and commuter routes, this property offers flexibility for investors, entrepreneurs, and end users alike. Run your business downstairs, rent or live upstairs, and explore the untapped value in the garage. Why rent a storefront, when you can own it, and collect rent from your tenants upstairs!