Turnkey Mixed-Use Investment
15 Thomas Street, North Providence, RI 02911
- Added:
- Dec 17, 2025
- Days on Market:
- 161
- Last Refresh:
- May 27 at 2:06 pm
Property Features for 15 Thomas Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Apartment
- Zoning
- CV
- Parking
- 10
- Standard status
- Active Under Contract
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 9427
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1910
- Building materials
- Brick, Frame
Listing agent Joy Riley (401) 421-5300
Listing office Westcott Properties 178 Broadway, Providence, RI (401) 421-5300
Listing date Dec 17, 2025
MLS# 1401906
Copyright © 2026 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.
HighLights
- 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.
- Spacious townhouse‑style apartment (6 beds, 2 baths) currently leased as workforce housing, providing excellent monthly returns.
- Strategically located with quick access to Route 44 & I‑295 in a vibrant neighborhood.
- Includes a detached cottage, adding further value and potential income.
Overview
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
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- North Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.482494
- Latitude
- 41.857691
Nearby Similar for Sale
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 Street 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.
