Providence Homes under $500,000

Welcome to Providence, Rhode Island – a vibrant city that beautifully marries rich history with modern charm. Nestled in the heart of Providence County, this dynamic city is renowned for its stunning waterfront, diverse cultural scene, and a strong sense of community. As the capital of Rhode Island, Providence boasts an eclectic blend of historic architecture, trendy boutiques, and a flourishing culinary landscape that has garnered national acclaim.

For those seeking affordable housing options, Providence offers an impressive selection of homes under $500,000. Whether you’re a first-time homebuyer, looking to downsize, or searching for an investment property, you’ll find a variety of choices that cater to different lifestyles and tastes. From charming Victorian-style houses in the historic neighborhoods of Federal Hill and College Hill to modern condos with breathtaking views of the skyline, there’s something for everyone in this bustling city.

Living in Providence means enjoying an array of amenities, including parks, museums, and vibrant festivals that celebrate the city’s rich cultural heritage. The renowned WaterFire event, where bonfires light up the rivers, draws locals and visitors alike, creating a magical atmosphere that showcases the city’s artistic spirit.

With a strong sense of community and a plethora of recreational activities, Providence is not just a place to live; it’s a place to thrive. Explore the inviting neighborhoods and discover your dream home today, all while enjoying the affordability and charm that this remarkable city has to offer. Your new adventure in Providence awaits!

Newest Providence Homes under $500,000

$499,000

4 Beds ⋅ 2 Baths

Well-Maintained, Move-In Ready Two-Family Home in Providence! Discover an exceptional opportunity for investors and owner-occupants with this well-maintained, legal two-family home in a convenient Providence location. Featuring two spacious units with identical layouts, each offering two generously sized bedrooms and separate utilities, this property provides flexibility, comfort, and strong rental income potential. The renovated second-floor unit features modern kitchen cabinetry, stainless steel appliances, and updated finishes throughout. The first-floor unit has been well maintained by a long-term tenant and offers additional value-add potential. Recent improvements to the roof, porch, heating, and electrical systems further enhance the property's appeal and functionality. Ideally situated near downtown Providence, shopping, restaurants, and major commuter routes, this property offers convenient access to everyday amenities and city attractions. Whether you're looking to expand your investment portfolio or enjoy the benefits of owner occupancy while generating rental income, this versatile two-family home presents an excellent opportunity for both immediate enjoyment and long-term investment potential. Schedule your private showing today and discover all this property has to offer!

28 Pumgansett Street, Providence

Listing courtesy of eXp Realty LLC. Contact:

$495,000

2 Beds ⋅ 2 Baths

Filled with natural light, this 2 bedroom/1.5 bath end-unit condo offers the feel of new construction and is conveniently located just steps from the East Side of Providence. The open living space features 9' ceilings, a crisp modern kitchen, clean lines and thoughtful finishes throughout, with a private deck extending the living space outdoors. Two large bedrooms provide flexibility for a home office or guest space, while a dedicated garage adds a convenience rarely found at this price point. Built just a few years ago and exceptionally well-kept, the home offers an easy, modern alternative in one of Providence's most rapidly growing and increasingly vibrant neighborhoods.

47 Matilda Street Unit G, Providence

Listing courtesy of Compass. Contact: 401-447-8040

$399,900

3 Beds ⋅ 2 Baths

Welcome to 81 Petteys Ave! This well-maintained Providence home offers a spacious and comfortable layout with 2 3 bedrooms. The updated bathroom adds a fresh, modern touch, while the home has been cared for and is ready for its next owner. Enjoy relaxing or entertaining on the deck overlooking the backyard, along with the convenience of a one-car garage. Ideally located with easy access to shopping, dining, schools, parks, major roadways, and all that Providence has to offer. Downtown Providence and its restaurants, entertainment, riverfront, and city amenities are just a short drive away. First-time buyers may also want to explore available Rhode Island homebuyer programs that may offer reduced-rate financing and/or assistance with down payment and closing costs for qualified buyers. Buyer and lender to verify eligibility and program availability. A wonderful opportunity to own a spacious, well-maintained home in Providence!

81 Petteys Avenue, Providence

Listing courtesy of REMAX Revolution. Contact:

131 Fruit Hill Avenue Unit 10, Providence

$445,000

2 Beds ⋅ 4 Baths

Enjoy townhouse-style living in this spacious 2-bedroom, 3.5 bath home. The bright, open main living area features hardwood floors, recessed lighting, and a welcoming staircase leading to the upper level. The kitchen offers abundant wood cabinetry, generous counter space, a center island, and stainless-steel appliances. A very inviting setup for everyday living and entertaining. The primary bathroom is a standout, with tiled floors and walls, a large soaking tub beneath an arched window, and a separate glass-block-enclosed shower. Outside, the brick exterior and private entry add to the home's welcoming appeal, and an attached garage provides convenient parking and storage. Freshly painted throughout, the home also features a whole-house filtration system and a fully finished basement, offering extra flexible space. This home combines comfortable living space with practical features.

131 Fruit Hill Avenue Unit 10, Providence

Listing courtesy of Engel & Volkers Oceanside. Contact:

$435,000

2 Beds ⋅ 1 Baths

Outstanding sun-splashed corner unit on the 2nd floor of landmark brick building near Blackstone Blvd. Abundant natural light, tall replacement windows, and gorgeous hardwood floors with mahogany details. The living room features a brick fireplace flanked by built-in bookshelves and is open to the dining room with built-in shelves and cabinetry including a small wet bar area. The updated white kitchen offers black granite counters, stainless appliances including a gas stove, and lots of storage. Large primary bedroom plus a generous second bedroom. Laundry in the unit plus community laundry room in the basement. Recently replaced HVAC system provides gas forced hot air heat and central air-conditioning. Convenient assigned parking for 2 cars behind the building. Large private storage room in the basement. Pet friendly. Wonderful walkable East Side location a short stroll to all the fun shops and restaurants of Wayland Square or simply enjoy walking on the Blackstone Blvd path. Easy living at a great price!

234 President Avenue Unit 3, Providence

Listing courtesy of Residential Properties Ltd.. Contact:

1489 Westminster Street Unit 3, Providence

$380,000

2 Beds ⋅ 1 Baths

Step into this beautifully updated 2-bed, 1-bath condo offering 820 sq ft of comfortable, modern living. The open layout is filled with natural light, highlighting fresh finishes and a welcoming atmosphere perfect for relaxing or entertaining. A thoughtfully refreshed kitchen anchors the main living space, while two well-sized bedrooms provide flexibility for guests, a home office, or both. Enjoy the convenience of on-site laundry, assigned parking, an outdoor patio area, and a location that puts you steps from popular shops, caf s, and restaurants. Move-in ready and ideally situated, this condo delivers everyday ease with a vibrant neighborhood at your doorstep.

1489 Westminster Street Unit 3, Providence

Listing courtesy of Jack Conway & Co Inc.. Contact:

$499,000

3 Beds ⋅ 2 Baths

Welcome to the East Side of Providence! This beautifully maintained 3-bedroom, 2-bath home blends timeless character with modern updates. From the moment you arrive, you'll be drawn to the charming front porch, fresh exterior, and inviting curb appeal. Inside, you'll find bright, comfortable living spaces, spacious bedrooms, and the perfect layout for everyday living and entertaining. Whether you're enjoying your morning coffee on the porch or hosting family and friends, this home offers warmth and functionality throughout. Conveniently located near Brown University, RISD, Blackstone Boulevard, Hope Village, downtown Providence, parks, restaurants, and shopping, this is your opportunity to enjoy one of Providence's most sought-after neighborhoods.

49 Woodbine Street, Providence

Listing courtesy of RE/MAX Integrity. Contact:

$429,900

5 Beds ⋅ 2 Baths

Magnificent five bedroom, two bath, 2,126 SF Victorian house on a large lot, two blocks from Roger Williams Park. The interior has been left largely original, with unpainted trim, inlaid wood floors, an original butler's pantry, and leaded and stained glass throughout. The spacious kitchen is ready for updating. On the exterior there is a large porch, two-car garage, and sizeable yard. Estate sale; probate is complete, and the sale is subject to court approval. Sold as-is. Buyer is responsible for all due diligence. Will not qualify for FHA financing.

71 Bernard Street, Providence

Listing courtesy of Residential Properties Ltd. Contact:

$439,000

4 Beds ⋅ 2 Baths

Welcome to 26 Berlin Street! This beautifully updated 4-bedroom, 2-full-bath home offers approximately 2,100 sq ft of comfortable living space in a convenient Providence location. Inside you'll find an updated kitchen, refreshed bathrooms, and new flooring throughout, making this home truly move-in ready. The lower level features an egress window and offers exciting ADU potential, ideal for extended family, a home office, or future rental income (buyer to verify with the City of Providence). Enjoy easy access to local restaurants and shops, with the Providence VA Medical Center and Providence College just minutes away. Whether you're a first-time buyer, growing household, or investor, this one checks all the boxes.

26 Berlin Street, Providence

Listing courtesy of HERE Realty. Contact:

$399,000

4 Beds ⋅ 2 Baths

Welcome to 5 Morgan St, Providence! This charming 1,525 sq. ft. home offers a spacious and comfortable layout with 4 bedrooms and 2 full bathrooms. With inviting living spaces and plenty of room to make it your own, this is a wonderful opportunity to call Providence home. Don't miss out schedule your private showing today!

5 Morgan Street, Providence

Listing courtesy of Innovations Realty. Contact:

$270,000

2 Beds ⋅ 2 Baths

Move-in ready condo looking for its next owner! This two-bedroom townhouse-style condo at 10 Burleigh Street, Unit 3 offers a practical path to homeownership in Providence. The eat-in kitchen opens to a private balcony, giving you a spot to step outside without leaving home. Inside, freshly painted walls and an updated primary bathroom make the space feel ready for its next owner. The layout keeps the bedrooms separate from the main living area, with room to settle in and make it your own. A private garage adds everyday convenience, along with an attached utility, storage, and laundry room. Highway access and a nearby bus route make commuting around Providence and beyond straightforward. Neighborhood conveniences like shopping, dining, gas, and schools are close at hand, too. If you're ready to move on from renting, this condo offers the space and features to take that next step. Open house Saturday 12:00pm-1:00pm and Sunday 10:am-11:30am. Please park on the street for the open house.

10 Burleigh Street Unit 3, Providence

Listing courtesy of Keller Williams Coastal. Contact:

$499,999

5 Beds ⋅ 2 Baths

Presenting a distinguished single-family residence, 126 Whittier Avenue offers 1168 square feet of meticulously designed living space, originally constructed in 1930. This property represents a unique opportunity to acquire a home of enduring character and versatile functionality. The residence features five well-proportioned bedrooms, providing ample private accommodations for residents or dedicated spaces for a home office or creative pursuits. Complementing the living areas are two full bathrooms, thoughtfully appointed to serve the needs of a dynamic household. A single-space garage provides convenient and secure parking, adding to the property's practical appeal. With its generous living area and thoughtful layout, this property invites prospective buyers to envision a lifestyle of comfort and adaptability. Finished BASEMENT.Subject to the Seller finding SUITABLE housing.

126 Whittier Avenue, Providence

Listing courtesy of eXp Realty. Contact:

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