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669 Elmwood Ave 14 Unit Apartment Building $5,513,884 CAD ($393,849 CAD/Unit) 8.92% Cap Rate Providence, RI 02907

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INVESTMENT HIGHLIGHTS

Mixed, residential lofts, office/studio, warehouse

EXECUTIVE SUMMARY

669 Elmwood Avenue, 68,561 square foot parcel improved with a circa 1900, two and three level masonry and timber mill. Currently divided into 14 residential lofts, 43,850 SF / 3 industrial/warehouse spaces 11,400 SF and 12 office/studios 8,330 SF currently netting $323,900. Lofts are over-sized can easily be subdivided.
643 Elmwood Avenue, 19,526 square foot lot zoned C-2, development potential for 30 residential units.

Marketing Brochure/Flyer

PROPERTY FACTS

Price	$5,513,884 CAD	Building Class	C
Price Per Unit	$393,849 CAD	Lot Size	2.02 AC
Sale Type	Investment	Building Size	63,580 SF
Cap Rate	8.92%	No. Stories	3
No. Units	14	Year Built	1900
Property Type	Multifamily	Parking Ratio	0.36/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Zoning	M1 - Industrial Zoned

Price	$5,513,884 CAD
Price Per Unit	$393,849 CAD
Sale Type	Investment
Cap Rate	8.92%
No. Units	14
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	2.02 AC
Building Size	63,580 SF
No. Stories	3
Year Built	1900
Parking Ratio	0.36/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	M1 - Industrial Zoned

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Walk Score®

Very Walkable (72)

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PROPERTY TAXES

Parcel Number	PROV-520370-000000-000000	Improvements Assessment	$1,661,613 CAD
Land Assessment	$1,026,861 CAD	Total Assessment	$2,688,474 CAD

PROPERTY TAXES

Parcel Number

PROV-520370-000000-000000

Land Assessment

$1,026,861 CAD

Improvements Assessment

$1,661,613 CAD

Total Assessment

$2,688,474 CAD

(401) 255-7704

CONTACT

Peter Scotti
Peter Scotti & Associates

Listing ID: 37472777
Date on Market: 2025-08-29
Last Updated:
Address: 669 Elmwood Ave, Providence, RI 02907

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