1. Rhode Island
  2. Johnston
  3. 148 Putnam Pike
$849,900

148 Putnam Pike, Johnston, RI 02919

  • 2 beds |
  • 6 baths |
  • 4,382 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1951
  • Property Lot Size Icon1.43acre lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $194/sqft
  • Property List Date Icon Listed 23 days ago

Property Description

Incredible Investment Opportunity – Two Adjacent Properties Sold as a Package | 148 & 152 Putnam Ave, Johnston, RI Two neighboring properties in a high-traffic area of Johnston offer strong residential and commercial income. 148 Putnam Ave is a renovated two-family home on a spacious 1.23-acre lot leaving potential for future development. Each side features a townhouse-style 1 bed, 1.5 bath unit with private entrance, full basement, and shared covered deck. Ample parking and a detached garage provide added rental potential. Great long-term tenants in place. 152 Putnam Ave is a commercial building currently leased to a successful salon (business not for sale). The tenant is interested in staying. The building features approx. 1,956 sq ft across two levels, central air, updated fire alarm system, and 3,500 sq ft of paved parking. Salon equipment and inventory not included. Zoned B1, both properties are located in a commercially active area with excellent visibility and access. A rare chance to own a mixed-use investment package with strong upside potential. Showings by appointment only. Do not disturb tenants.

Listing Status:
Active
Date Added:
July 30, 2025 at 05:00AM
Listing Office:
RE/MAX Results : 401-848-7827
MLS ID:
1391428
  • General: Tub Shower
  • Appliances: DishwasherGas Water HeaterMicrowaveOvenRangeRefrigeratorWater Heater
  • Laundry: In Unit
  • Basement: FullInterior EntryUnfinished
  • Flooring: CarpetCeramic TileHardwoodVinyl
  • A/C: NonePartialCentral Air
  • Heating: BaseboardForced AirGasHot Water
  • Fireplace: Fireplaces: 0

This listing courtesy of RE/MAX Results

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

S

Sarah Dyer Barnes School

24 Barnes Ave, Johnston, RI, 02919

Grades KG-5

1.96 miles away

N

Nicholas A. Ferri Middle School

10 Memorial Ave, Johnston, RI, 02919

Grades 6-8

2.41 miles away

J

Johnston Senior High School

345 Cherry Hill Rd, Johnston, RI, 02919

Grades 9-12

2.27 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.