217 Elmwood Ave, Providence, RI, 02907
About This Home
Elmwood Residential/Commercial Multi-family in prime location. Excellent investment opportunity with this mixed-use property with very high traffic count. Located on a corner lot creates high visibility. Desirable location with easy access to shopping, downtown, interstate and airport. First floor offers a bright and meticulously kept commercial space and front porch - Could also be a residential apartment. The second floor consists of a 2 bedroom stylish apartment with great additional square footage potential (expand to third floor to create a chic townhouse). Replacement windows, artisan hardwoods & period charm. Laundry in basement. Long-term tenants at will. Rents are markedly below current demand. Off- street parking. Property will convey in As-Is condition. Sale is for property only. Schedule your private showing today!
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1925
Materials
- Foundation: Brick/Mortar
- Construction materials: Dry Wall,Wood
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Oven/Range,Refrigerator
- Laundry features: In Building
Basement
- Has basement: Yes
- Basement: Full,Interior Entry,Unfinished,Laundry,Storage Space,Utility
Bathroom
- Features: Bath w Tub, Bath w Shower Stall, Bath w Tub & Shower
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Wall (Dry Wall),Stairs,Plumbing (Mixed),Insulation (Unknown)
- Flooring: Ceramic Tile,Hardwood
- Number of fireplaces: 1
- Fireplace: Yes
- Attic: Attic Stairs, Attic Storage
Heating & Cooling
- Heating features: Natural Gas,Forced Water
- Cooling features: Individual Unit
Interior Area
- Total structure area: 2,570
- Total interior livable area: 2,570 sqft
Property
Details
- Parcel number: PROVM44L697
- Attached to another structure: Yes
Features
- Stories: 3
Lot
- Lot size: 5,227 sqft
- Features: Corner Lot
Parking
- Total spaces: 4
- Parking features: No Garage
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Rhode Island Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,674 | $32,088 |
| Home Insurance * | $392 | $4,704 |
| Property Taxes | $593 | $7,116 |
| Electricity | $523 | $6,280 |
| Total | $4,182 | $50,184 |
Income You'd Need if You Spent...
Rhode Island FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-05 | Price change | $529,000 |
| 2025-10-16 | Listed for sale | $575,000 |
| 1997-11-21 | Sold | $66,000 |
View on Zillow