93 Eddy Street, Providence, Residential Income

Introducing a one-of-a-kind investment opportunity at 93 Eddy Street, Providence, RI—a meticulously maintained multi-use building located at the heart of downtown. This property was completely rehabbed by a renowned local architect in 2010, ensuring top-notch craftsmanship and design. The first floor houses a thriving cocktail bar, “Eddy,” beloved by patrons and successfully operating for over 13 years, underscoring the property’s commercial potential. The second floor features a bright studio apartment, complete with a full kitchen, washer/dryer, and a full bathroom. It serves as an ideal residential space for urban dwellers seeking convenience and style. Also on this level is the entrance to the expansive penthouse, which spans the second, third, and fourth floors. This open-concept loft features a drop zone for outerwear, a living area with half bath, kitchen, and abundant natural light from large windows. The fourth floor offers two bedrooms, two full baths—including an en suite owner’s bath—and office or flex space, plus a laundry room. Recent improvements, such as window balancing by Pella, AC servicing, and building repointing, ensure low maintenance and operational costs. Additionally, the building includes a one-car garage for the penthouse unit, with potential for a rooftop patio—(drawings are included but require permitting and completion by the new owner). Don’t miss this opportunity to own a piece of Providence’s vibrant downtown community!