A rare four-unit opportunity ideally located in the heart of Wayland Square on Providence's desirable East Side. The property is currently fully rented and offers an attractive combination of immediate income and future owner-occupancy potential. The spacious first apartment features approximately 1,100 square feet with two bedrooms, one full bath and four separate entry doors. The second apartment is a studio, while the third and fourth apartments each offer one bedroom and one bath. Additional features include vinyl replacement windows, stainless-steel appliances and two off-street parking spaces. Continue operating the property as a fully occupied investment or explore the opportunity to occupy the larger first-floor apartment while collecting income from the remaining three units. Its highly walkable Wayland Square location places shops, caf s, restaurants and neighborhood conveniences close at hand. The individual apartments may also offer short-term-rental potential, subject to applicable Providence regulations, licensing and approvals. Don't miss this one!
Wayland, located between College Hill and Swan Point, is a residential and retail Providence neighborhood with a village-style main street and leafy riverside edges. The neighborhood’s character concentrates at the Wayland Square intersection of Angell Street and Wayland Avenue, where sidewalk cafes, indie boutiques, and small specialty shops cluster under mature street trees. Community pillars include Books on the Square, the historic Avon Cinema, and the seasonal Hope Street Farmers Market. Early-20th-century Colonials and Tudors line quiet blocks, while apartment buildings sit closer to the commercial strip. Blackstone Boulevard and nearby river paths shape daily routines with long, linear green space. Brown University’s athletic facilities and the East Side’s cultural circuit sit close by without overtaking the calm cadence.
Provided by Walk Score and Local Logic
Offer insights
511 Angell St · $1,145,000
$1.14M and above
75% chance or better to win
Why $1.14M+ is a strong offer
DAYS ON MARKET
39 days
The average home goes pending in 27 days.
SALE-TO-LIST
100.9%
Most homes are selling 1% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Full unfinished basement with interior entry
One masonry fireplace
Bathtub
Interior steps
Tub and shower
Bedrooms
Four-unit building with studio, one-bedroom, and two-bedroom units
Bathrooms
Four full bathrooms
Kitchen
Dishwasher, disposal, oven, range, refrigerator
Laundry & utility
Common-area laundry
Washer and dryer
Gas water heater
Flooring
Ceramic tile
Hardwood
Heating & cooling
Baseboard, gas, and hot water heating
Window-unit cooling
Exterior features
Paved driveway
Home design
Three stories
Parking
Two parking spaces
No garage
Construction
Clapboard, drywall, and plaster construction
Brick and mortar foundation
Utilities
Public water
Public sewer
150-amp electric service
HOA & community
Community amenities include a pool, recreation area, tennis courts, and sidewalks
Near public transportation, highway access, a hospital, schools, restaurants, and shopping
Financial info
Operating expenses: $24,753
Unit rents: Studio $1,700; one-bedroom $1,900; studio $1,600; two-bedroom $2,600
Electricity and solar
View estimated energy costs and solar savings for this home
This mixed-use 5 unit property is a great opportunity to get into Commercial investing. This property offers 5 units with a partially-finished basement ready for storage, laundry and more. The 4 units upstairs are residential living spaces and are 100% rented bringing in $5,000/mo in rental income. The commercial space is currently vacant but has potential to bring in $2,000+/mo in rental income. Parking for 2 vehicles is available off-street. Centrally located in much sought-after Wayland Square.
RIS #1319800
Nov 8, 2022
Listing Removed
—
Nov 1, 2022
Price Changed
$999,900
$286/sq ft
Oct 18, 2022
Price Changed
$1,000,000
$286/sq ft
Oct 4, 2022
Price Changed
$1,075,000
$307/sq ft
Sep 12, 2022
Listed
$1,125,000
$321/sq ft
RIS #1315075
Aug 30, 2022
Listing Removed
—
Aug 16, 2022
Price Changed
$1,115,000
$319/sq ft
Aug 2, 2022
Price Changed
$1,125,000
$321/sq ft
Jul 26, 2022
Price Changed
$1,150,000
$329/sq ft
Jul 9, 2022
Listed
$1,200,000
$343/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$13,601 (+10.1%)
$512,800 + $458,700
$971,500
2024
$12,350
$342,500 + $330,500
$673,000
2023
$12,350 (+12.6%)
$342,500 + $330,500
$673,000
2022
$10,968 (+8.7%)
$342,500 + $273,700
$616,200
2021
$10,094
$253,300 + $157,700
$411,000
2020
$10,094
$253,300 + $157,700
$411,000
2019
$10,094 (−0.6%)
$253,300 + $157,700
$411,000
2018
$10,150
$230,300 + $87,300
$317,600
2017
$10,150
$230,300 + $87,300
$317,600
2016
$10,150 (+5.6%)
$230,300 + $87,300
$317,600
2015
$9,616 (−1.9%)
$222,200 + $68,300
$290,500
2014
$9,804
$222,200 + $68,300
$290,500
2013
$9,804 (−14.2%)
$222,200 + $68,300
$290,500
2012
$11,433
$176,500 + $182,000
$358,500
2011
$11,433
$176,500 + $182,000
$358,500
Public record
Public record
Zoning
Permits
Beds
5
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
2,178 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,178
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,178
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Providence County
APN
574860
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 22, 2026.
R-3
Residential District
The R-3 Residential District is intended for higher density residential areas of detached single-family, twofamily, and three-family residential development, as well as rowhouse development. Limited nonresidential uses, which are compatible with surrounding residential neighborhoods, may be allowed.
Permitted uses
Include but are not limited to:
Agriculture
Community / recreation center
Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Educational/school
Fire house
Police station
Park & open space
Aug 28, 2012 • Final
Building
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 98° expected this year, 15 days in 30 years
6/10 Wind Factor
70% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Providence, RI • 02906
Average low and high temperatures (°F)
35°
22°
37°
23°
50°
34°
60°
43°
68°
53°
80°
63°
83°
68°
79°
62°
74°
59°
63°
49°
54°
39°
40°
27°
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
60/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
7.3 hrs
3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 511 Angell St
$1,106,371
$39K under list price of $1.15M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $703K to $1.7M.