1186 Elmwood Avenue, Providence, RI 02907 - Photo 1

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$699,000 Just Listed

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Commercial Residential Facility

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Property Description

Great opportunity to purchase a mixed use property in Providence! This property consists of 2 commercial units and 3 residential units, the unit currently being rented as a studio apartment, could also be rented as a commercial unit. There is a 2 car garage with a small parking lot for about 7 vehicles. Newer windows, roof is approximately 5 years old, updated plumbing, updated electric and properly up-to-date with the fire safety system. Entire first floor has electric heat, the 2nd and 3rd floors have their own gas boiler. All floors have their own hot water heaters. This property is fully rented. Seller has owned this property for over 25 years and has maintained it.

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Full Property Details

Full Property Details for 1186 Elmwood Ave

General

Price: $699,000
Taxes: $7,893 (2026)
Status: Active
Type: Commercial Residential Facility
Source: STWMLS
MLS ID: 1424431
Updated: 10/27/2026
Added to Site: 2 day(s) ago

Business

Business Type: Other

Interior

Furnishings: Unfurnished

Additional Information

Security/Safety: Carbon Monoxide Detector(s), Fire Alarm, Fire Escape, Smoke Detector(s), Fire Sprinkler System

Parking

Garage: Yes
Total Spaces: 8

Location

County: Providence
Subdivision: Elmwood
Near Highway: Yes

Community

Units Assoc/Comm: 5

Heating & Cooling

Cooling Type: Ductless, None
Heating Type: Baseboard, Ductless

Utilities

Sewer: Connected
Water: Connected, Public
Utility Description: Natural Gas Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected

Structural Information

# Buildings: 1
Structure Type: Apartment
Detached/Attached: Detached
Construction: Other
Basement: Yes
Basement Desc.: Full
Stories/Levels: 4
Building Size: 3644
Finished Total: 3,644 Sq. Ft.
Finished Above Grnd: 3,644 Sq. Ft.
Year Built: 1900

Lot Features

Lot Size (Sq. Ft.): 3,600
Lot Size: 3600
Frontage: City Street, State Road, Paved
Street Lights: Yes
Sidewalks: Yes
Lot Features: Corner Lot
Potential Use: Commercial, Multi-Family, Mini Storage, Mixed Use, Office, Other, Place of Worship, Residential, Retail, See Remarks

Financial Considerations

Tax Amount: $7,893.48
Tax Year: 2026
Owner Pays: Common Area Maintenance, Exterior Maintenance, Grounds Care, Insurance, Pest Control, Repairs, Sewer, Taxes, Water
Tenant Pays: Cable TV, Electricity, Gas, Heat, Telephone

Disclosures and Reports

Property ID: 1186ELMWOODAVPROV
Lot Number: 174

Listed by Dream Living Realty LLC

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Schools

Schools serving 1186 Elmwood Ave

School District:Providence School District

Name	Grades	Distance
Reservoir Avenue School 156 Reservoir Avenue, Providence, RI 02907	K-5	0.9 mi
Lillian Feinstein El. School 159 Sackett Street, Providence, RI 02907	K-5	1 mi
Charlotte Woods Elementary School 674 Prairie Avenue, Providence, RI 02905	K-5	1.3 mi
Roger Williams Middle School 278 Thurbers Avenue, Providence, RI 02905	6-8	1.4 mi
Gilbert Stuart Middle School 188 Princeton Avenue, Providence, RI 02907	6-8	1.8 mi
Governor Christopher Delsesto Middle School 152 Springfield Street, Providence, RI 02909	6-8	3.6 mi
Dr. Jorge Alvarez High School 375 Adelaide Avenue, Providence, RI 02907	9-12	1.2 mi
W B Cooley & Academy Internationa 182 Thurbers Avenue, Providence, RI 02905	9-12	1.5 mi
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903	9-12	2.6 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1186 Elmwood Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/27/2026

Listed

$699,000

437.69%

MLS

12/08/1989

Sold

$130,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 1186 Elmwood Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$5,739

100%

$393,100

64%

2024

100%

$239,500

—

2023

-100%

$239,500

—

2022

$8,478

$239,500

10%

2021

$7,968

12%

$217,100

12%

2019

$7,094

100%

$193,300

2018

100%

$188,300

—

2017

100%

$188,300

—

2016

100%

$188,300

11%

2015

100%

$170,200

—

2014

-100%

$170,200

—

2008

$6,560

—

$170,200

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1186 Elmwood Avenue, Providence, RI 02907 (MLS# 1424431) is a Commercial Residential Facility property. 1186 Elmwood Avenue is currently listed for $699,000 and was received on October 27, 2026. Want to learn more about 1186 Elmwood Avenue? Do you have questions about finding other Commercial Residential Facility real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

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1186 Elmwood Ave Providence, RI 02907