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    15 Thomas St North Providence, RI 02911

    Sponsored
    For Sale
    $1,490,000

    COMMERCIAL - North Providence, RI

    Type:Apartment
    Lot size:
    0.40 Acres
    Days on Market:
    23
    Last Refresh:
    Jan 8 at 3:06 am

    Property Features for 15 Thomas St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    CV
    Parking
    10
    Lot size
    0.40 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1910
    Building materials
    Brick, Frame

    Westcott Properties Inc (401) 421-5300 [email protected]

    Listing agent Joy Riley

    Listing date Dec 17, 2025

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Mixed-Use Investment Opportunity

    This mixed-use property offers diversified income and versatility for investors and owner-occupants. The first floor features two commercial suites: a real estate office with two private rooms, a half bath, and central AC, and a three-room bridal salon. The lower level includes a nail salon and a 1-bed, 1-bath apartment. Both commercial and residential tenants benefit from modern amenities, gas heat, and central AC. The second and third floors house a townhouse-style apartment with six beds, two full baths, and a common area, currently leased as workforce housing. A detached cottage adds further value. Ample on-site parking is available for commercial clients and residents. The property's CV zoning supports a mix of uses. Located with quick access to Route 44 and I-295, 15 Thomas Street is situated in a vibrant neighborhood. This meticulously maintained property is suitable for investors or owners seeking reliable cash flow, asset appreciation, or a live-work opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.482494
    Latitude
    41.857691

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial and residential income streams.
    Where is this mixed-use property located?
    The property is located at 15 Thomas St North Providence, RI.
    What is the asking price?
    The asking price for this property is $1,490,000.
    What are key features of this property?
    This property features: - Strong, diversified income from a mix of commercial and residential tenants.; - Turnkey property with well-finished commercial suites and residential units, ready for immediate occupancy and income generation.; - Ample on-site parking and CV zoning supports a variety of uses, ensuring ongoing stability and flexibility.
    (401) 421-5300
    Request Owner's contact information
    15 Thomas St North Providence, RI 02911
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15 Thomas St North Providence, RI 02911
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