544 Douglas Avenue

Providence, RI 02908

Exceptional development opportunity on Douglas Ave with significant income potential, consisting of two buildings in a prime Providence location, just steps from Providence College. This property is currently used as professional offices, previously used as apartments. Best use of the property would be a residential apartment conversion, consisting of 7-9 units. The zoning is C2 and offers excellent flexibility for other uses, such as condo conversion or mixed use. Rents in the area are very strong, making a return to residences here a lucrative possibility. Both buildings have updated fire systems, including sprinkler system and fire alarm panels. On-site paved lot for approximately 12 vehicles adds significant value as parking in the area is difficult to find. Located near downtown Providence, I-95, and Smith Hill amenities, this property offers strong long-term potential in a high demand corridor. Renderings and plans are for illustrative and proposed purposes only. (Floor Plans available upon request)

Listing courtesy of Spectrum Real Estate Consultants Team of Keller Williams Leading Edge (401) 334-3334



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Last checked: 2026-02-12 11:21 PM UTC