640 Elmwood Avenue, Providence, RI 02907 - Photo 1

1/1

$625,000

Sold
Closed
Office

1/1

Property Description

Excellent investment opportunity located in the heart of historic Elmwood on a well traveled commercial corridor with outstanding visibility and exposure. This meticulously maintained 3,500 square foot four unit commercial property is fully occupied with established commercial business storefronts, offering strong and stable rental income. A rare opportunity to own a turnkey asset in a high traffic location, the property has been extensively renovated and rebuilt and was owner occupied for more than four decades, reflecting exceptional pride of ownership throughout. The property features numerous upgrades, and quality finishes, making it equally attractive for investors or future owner users. With potential for future mixed-use 2nd and 3rd floor residential development opportunities, this versatile commercial building combines long term stability, functionality, and upside in one of the area's most sought after commercial settings.

Full Property Details

Full Property Details for 640 Elmwood Ave

General

Sold For: $625,000
Taxes: $16,948 (2025)
Status: Closed
Type: Office
Source: STWMLS
MLS ID: 1412754
Added to Site: 55 day(s) ago

Business

Business Type: Accounting, Administrative and Support, Barber/Beaut

Interior

Furnishings: Unfurnished

Additional Information

Security/Safety: Security System, Fire Alarm

Parking

Total Spaces: 6

Location

County: Providence
Near Highway: Yes

Community

Units Assoc/Comm: 4

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air Conditioning, 1 Unit
Heating Type: Forced Air

Utilities

Sewer: Connected
Water: Connected
Utility Description: Natural Gas Connected, Sewer Connected

Structural Information

# Buildings: 1
Detached/Attached: Attached
Construction: Brick
Basement: Yes
Basement Desc.: Partial
Stories/Levels: 1
Building Size: 3274
Finished Total: 3,274 Sq. Ft.
Finished Above Grnd: 3,274 Sq. Ft.
Year Built: 1928

Lot Features

Lot Size (Sq. Ft.): 6,534
Lot Size: 6534

Financial Considerations

Tax Amount: $16,948
Tax Year: 2025
Tenant Pays: Air Conditioning, Electricity, Gas

Disclosures and Reports

Inclusions: U1 Barber stations, U4 shelving
Property ID: 640-8ELMWOODAVPROV
Lot Number: 108

Listed by Broadway Real Estate Group
Sold by Broadway Real Estate Group

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— 640 Elmwood Ave —

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Schools

Schools serving 640 Elmwood Ave

School District:Providence School District

Name	Grades	Distance
Lillian Feinstein El. School 159 Sackett Street, Providence, RI 02907	K-5	0.3 mi
Reservoir Avenue School 156 Reservoir Avenue, Providence, RI 02907	K-5	0.3 mi
Leviton Dual Language School 65 Greenwich Street, Providence, RI 02907	K-5	0.6 mi
Gilbert Stuart Middle School 188 Princeton Avenue, Providence, RI 02907	6-8	0.7 mi
Roger Williams Middle School 278 Thurbers Avenue, Providence, RI 02905	6-8	0.7 mi
Governor Christopher Delsesto Middle School 152 Springfield Street, Providence, RI 02909	6-8	2.7 mi
Dr. Jorge Alvarez High School 375 Adelaide Avenue, Providence, RI 02907	9-12	0.3 mi
W B Cooley & Academy Internationa 182 Thurbers Avenue, Providence, RI 02905	9-12	0.9 mi
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903	9-12	1.5 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 640 Elmwood Ave

Date

Details

Price

Change

Source

7/08/2026

Sold

$625,000

-3.1%

MLS

5/15/2026

Listed

$645,000

—

MLS

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

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Open House

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Single Family
Active
Updated 6 hours ago

3
Beds
2
Total Baths
1,860
Sq. Ft.

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Just Listed

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Open House

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Active
Updated 5 hours ago

4
Beds
1
Total Bath
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Active
Updated 3 days ago

3
Beds
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Total Baths
1,782
Sq. Ft.

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Price Reduced

-$9,900 (-2.57%)

$375,000

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Active
Updated 6 days ago

3
Beds
2
Total Baths
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$420,000

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Single Family
Active
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3
Beds
2
Total Baths
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Single Family
Active
Updated 2 hours ago

3
Beds
4
Total Baths
3,808
Sq. Ft.

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Price Reduced

-$40,000 (-6.15%)

$609,900

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Office
Active

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Sold

$620,000

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Multi-Family
Closed

2
Units
5
Total Beds
0.11
Acres

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Sold

$680,000

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Multi-Family
Closed

3
Units
7
Total Beds
0.1148
Acres

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Sold

$715,000

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Multi-Family
Closed

3
Units
9
Total Beds
0.1263
Acres

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Sold

$600,000

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Apartment
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5
Beds
4
Total Baths

640 Elmwood Avenue, Providence, RI 02907 (MLS# 1412754) is a Office property that was sold at $625,000 on July 08, 2026. Want to learn more about 640 Elmwood Avenue? Do you have questions about finding other Office real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

640 Elmwood Ave Providence, RI 02907