Providence Homes under $500,000

Welcome to Providence, Rhode Island – a vibrant city that beautifully blends rich history with modern urban living. Nestled in the heart of Providence County, this charming city is known for its stunning waterfront, eclectic arts scene, and a diverse culinary landscape that has earned it a reputation as one of the best food cities in America. Whether you're strolling along the picturesque Riverwalk, exploring the historic Federal Hill neighborhood, or enjoying the lively atmosphere of WaterFire events, Providence offers a unique charm that captivates both residents and visitors alike.

For those looking to make Providence their home, the real estate market has exciting opportunities, especially for buyers seeking homes under $500,000. This price range opens the door to a variety of options, from cozy bungalows in family-friendly neighborhoods to modern condos with stunning city views. You can find homes that reflect the city’s rich architectural heritage, featuring classic New England designs alongside contemporary styles.

Living in Providence means being part of a community that values education, culture, and innovation. With renowned institutions like Brown University and the Rhode Island School of Design nearby, the city is a hub for creativity and growth. Plus, with convenient access to major highways and public transportation, commuting to nearby cities is a breeze.

Discover the charm of Providence and explore the incredible homes available under $500,000. Your dream home awaits in this dynamic city, where history meets opportunity and every street has a story to tell!

Newest Providence Homes under $500,000

20 Stenton Avenue 24 Unit 203, Providence

$325,000

2 Beds ⋅ 2 Baths

Bathed in natural light, this south-facing, second-floor residence offers a bright and airy atmosphere that hits you the moment you step inside. The spacious living area serves as the heart of the home, featuring wood flooring that flows seamlessly throughout the entire space. The galley-style kitchen has been thoughtfully updated, offering a sleek and efficient layout for those who love to cook. With two full bathrooms, the floor plan provides an extra layer of convenience and privacy that is hard to find. Situated in a prime Providence location, this home puts you right in the center of everything. This location is moments away from the vibrant energy of Hope Street, the convenience of Whole Foods, and the professional hub of Miriam Hospital, J&W, Brown and Downtown office locations. Commuting and exploring are a breeze with quick access to I-95 and the bustling dining and entertainment scene of downtown Providence. This is the perfect spot for anyone looking to enjoy the best of city living with a sunny, refreshed place to call home.

20 Stenton Avenue 24 Unit 203, Providence

Listing courtesy of Coldwell Banker Realty. Contact:

$479,900

4 Beds ⋅ 2 Baths

Welcome to this beautifully renovated single-family home in Providence! Featuring 4 bedrooms, beautiful hardwood floors, and a brand-new kitchen with new appliances, this charming home offers a cozy and inviting atmosphere with modern updates throughout. Conveniently located near shopping, restaurants, schools, public transportation, and major highways, with easy access to downtown Providence. A wonderful opportunity for buyers seeking comfort, style, and convenience. Don't miss the chance to make this beautiful home your own!

94 Langdon Street, Providence

Listing courtesy of Innovations Realty. Contact:

$459,000

4 Beds ⋅ 2 Baths

Located on a corner lot in Providence's Silver Lake neighborhood, 47 Sibyl Street is a solid two-family home offering a rare blend of character, space, and investment potential. The cream vinyl sided exterior features off street parking, a fenced yard with mature trees, and two independent unit entrances, including a private rear deck providing each household with its own distinct access and sense of privacy. Both units are comfortable and livable, with hardwood floors running through the living areas and bedrooms, and kitchens fitted with oak cabinetry offering ample storage. The upper unit's kitchen adds a tile backsplash for a polished touch. Each unit includes a full bathroom with classic period tilework that speaks to the home's enduring character. Baseboard heating serves the upper level, and an ADT security system is already in place. The layout is ideal for an owner occupant looking to offset their mortgage with rental income, or for an investor seeking a well located multi-family in a residential neighborhood. Convenient access to public transit, major highways, schools, and local shopping makes everyday life easy for tenants and owners alike. A dependable corner lot two family move in ready and full of potential.

47 Sibyl Street, Providence

Listing courtesy of Keller Williams Leading Edge. Contact:

$415,000

2 Beds ⋅ 2 Baths

This fantastic end-unit townhouse is located in the heart of the Armory District, moments from beautiful Dexter Park. The sun-filled, open-plan first level consists of a living room, dining area, a spacious updated kitchen, and a half bath all with lovely hardwood floors. Upstairs, the roomy primary bedroom has a cathedral ceiling, great closet space, and a bonus loft perfect for an exercise space, reading nook, or home office. This level also has a second bedroom, and a bright bathroom with a skylight. Additional amenities include hardwood floors throughout, central AC, and a full basement (perfect for additional storage and expansion potential). This well-maintained home also features a cozy back porch and two off-street parking spots. This established condo HOA is in close proximity to beloved West Side restaurants, cafes, and shops, with easy access to Downtown Providence, highways, and the commuter rail.

70 Oak Street Unit E, Providence

Listing courtesy of Residential Properties Ltd. Contact:

$325,000

2 Beds ⋅ 2 Baths

Welcome to this charming 2-bedroom, 1.5-bath single-family home on the Providence/ Cranston line offering comfortable living and plenty of natural light. The home features lots of windows throughout, creating a bright and inviting atmosphere. The main living area showcases beautiful hardwood flooring, adding warmth and character to the space. The spacious kitchen offers plenty of cabinet storage and room to prepare meals and entertain. Two comfortable bedrooms and 1.5 bathrooms provide a practical layout for everyday living. Off-street parking adds valuable convenience for residents and guests. Ideally situated near shopping, dining, schools, parks, major roadways, and everyday amenities, this home presents a great opportunity for a first-time buyer, downsizer, or investor. Don't miss the chance to make this inviting property your own!

39 Hillwood Street, Providence

Listing courtesy of Century 21 Limitless. Contact:

$440,000

3 Beds ⋅ 2 Baths

Providence College Area Two-Family | Income-Producing | Owner-Occupant or Investor Opportunity Rare opportunity to own a two-family home in the highly sought-after Providence College neighborhood, where rental demand stays consistently strong. The first floor features an efficient studio-style unit, ideal for generating rental income or creating a private in-law suite for a multi-generational living situation. The second floor, lower level offers a two-bedroom layout. Both units are currently occupied on a month-to-month basis, giving investors immediate cash flow and giving owner-occupants the flexibility to move in or keep a tenant offsetting the mortgage. Minutes from campus, local shops, dining, and major highways, making tenant placement easy and everyday living convenient. Live in one unit and let the other help pay your mortgage, or add a proven rental to your portfolio. Opportunities like this near Providence College don't last. First showing at open house.

661 Douglas Avenue, Providence

Listing courtesy of SERHANT.. Contact:

$499,900

4 Beds ⋅ 2 Baths

A rare find under $500,000! This well-maintained two-family in Providence's Mount Pleasant neighborhood offers the perfect combination of comfortable living, convenience, and income potential. Ideal for an owner-occupant or investor, the property features a beautifully renovated first-floor 2-bedroom apartment with a gorgeous new kitchen, stainless steel appliances, updated bathroom, fresh paint, and flooring. The second-floor apartment offers 2 bedrooms with flexibility for a potential third. What truly sets this property apart is the massive detached two-car garage, ideal for vehicles, hobbies, a workshop, or additional storage, along with an expansive concrete, virtually maintenance-free yard! Forget spending your weekends mowing the lawn. Enjoy exceptional off-street parking, private covered porches for both apartments, on-site laundry hookups, and a full basement offering abundant storage. With separate heating systems and both apartments currently vacant, the possibilities are yours. Tucked away on a quiet dead-end street, yet minutes from shopping, restaurants, schools, hospitals, downtown Providence, and major highways. Live comfortably, enjoy the convenience, and let rental income help offset your monthly expenses. Two-family living with this much parking, garage space, and flexibility at this price is hard to find!

9 Octavia Street, Providence

Listing courtesy of Engel & Volkers Oceanside. Contact:

$449,000

3 Beds ⋅ 3 Baths

Welcome to this spacious/newly constructed single family home conveniently located on a cul-de-sac close to the highways, parks and man other amenities Providence has to offer. This property is about 1600 square feet, featuring 3 beds and 2.5 baths, second-floor laundry hookups, hardwood flooring thorough-out the house , a tall full basement for future added living space and central air and nice yard & deck for entertainment. Schedule your showing today!

11 Baldwin Court, Providence

Listing courtesy of Century 21 Visionary Group. Contact:

$495,000

4 Beds ⋅ 2 Baths

Welcome to this well located and greatly maintained two-family property offering comfort, convenience, and a beautiful outdoor retreat! Enjoy a spacious, fully fenced private backyard. Conveniently located near shopping, restaurants, schools, and major highways.

12 12 Bryant Street, Providence

Listing courtesy of Circle 100 Real Estate. Contact:

$475,000

4 Beds ⋅ 2 Baths

This spacious raised ranch located on a quiet dead end street near the Johnston line offers 4 bedrooms and 2 full bathrooms, providing plenty of room for comfortable living. Featuring central air, cathedral ceilings, modern kitchen, hardwood floors, finish lower level, garage, deck, patio and plenty of space in the back yard. Conveniently located near shopping, dining, schools and major transportation. GPS navigation Note: Please input 28 Ophelia St into maps to navigate directly to the property.

26 Ophelia Street 28, Providence

Listing courtesy of Century 21 Limitless. Contact:

$299,900

5 Beds ⋅ 2 Baths

Here is what could be a real gem. 5 bedrooms, 1 and a half bath. 2027 square feet of living space. This house is under foreclosure and must be sold fast, AS IS. call and make an appointment to see as it won't last long.

144 Sumter Street, Providence

Listing courtesy of HomeSmart First Class Realty. Contact:

$479,900

4 Beds ⋅ 2 Baths

Great opportunity to own this two family property in Providence, ideal for owner occupants or investors! Featuring separate utilities, replacement windows throughout, a newer roof on both the house and detached two car garage (replaced within the last five years), and a young boiler, this property offers several valuable updates. The outdoor space features a charming fireplace, perfect for entertaining or relaxing. Additional potential for an ADU, subject to local zoning and municipal approvals. Conveniently located with easy access to I-95, shopping, restaurants, and nearby amenities. Don't miss this opportunity to own a versatile multi family property with great potential!

21 Denison Street, Providence

Listing courtesy of Broadway Real Estate Group. Contact:

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Providence Homes under $500,000

Newest Providence Homes under $500,000

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