Mixed-Use Building with Handicap
2919 Pawtucket Avenue, East Providence, RI 02915
MULTI_FAMILY - East Providence, RI
Property size:
3,582 SFLot size:
0.32 AcresPrice / SF:
$237/SF- Added:
- Mar 27, 2026
- Days on Market:
- 93
- Last Refresh:
- Jun 27 at 12:06 pm
Property Features for 2919 Pawtucket Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 3, Basement, Bathroom 2, Bedroom 2, Bathroom 4
- Parking
- 14
- Parking features
- Garage
- Patio and Porch features
- Porch
- Interior features
- Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
- Exterior features
- Porch
- Basement
- Storage Space, Unfinished, Full
- Appliances
- Gas Water Heater, Oven/Range, Refrigerator
- Standard status
- Active
- Size
- 3,582 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12279
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Baseboard
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Vinyl, Carpet, Laminate, Hardwood
- Building materials
- Plaster, Vinyl Siding
Listing agent Mark Raymond (401) 439-7705
Listing office Residential Properties Ltd. 413 Main Street, RI (401) 885-8400
Listing date Mar 27, 2026
MLS# 1408321
Listing URL
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
- Mixed‑use property built in 1920 with three income units: ~1,620 SF commercial studio, ~1,300 SF 2BR/1BA residence, and ~650 SF unit.
- Current rents: first floor $2,316; second floor $1,850; third floor $700.
- All units have separate heat, and lead compliance certificates are provided.
- Exterior includes vinyl siding and vinyl windows, plus fire escape access for upper units and a recently redone front porch/walkway.
- 14 off‑street parking spaces and a garage on site.
- First‑floor includes a security system and a handicap elevator.
Overview
This mixed-use building offers a first-floor commercial photography studio and two residential units above, with dedicated storage in the lower level for each unit. The first-floor studio is described as approximately 1,620 square feet with two half baths and is stated to be in pristine condition, with a security system in place. The second-floor unit is approximately 1,300 square feet and includes 2 bedrooms and 1 full bath with a bright, open floor plan and spacious living and dining areas. The third-floor unit is approximately 650 square feet with an open layout, a large living area, a good-sized bedroom, and a kitchen and bath. All units have separate heat, and lead compliance certificates are noted.
Exterior improvements include vinyl siding and vinyl windows, along with fire escape access for the upper units and a recently redone front porch and walkway. Off-street parking is provided with 14 spaces. Building amenities mentioned include a handicap elevator and an additional handicap elevator feature serving the commercial level.
For tenants, buyers, or owner-occupants seeking flexibility, the property provides an on-site commercial studio alongside residential income from two separate upper units. Separate heating and dedicated storage can simplify operations across the different spaces, while the documented condition, compliance certificates, and turnkey presentation are intended to support immediate occupancy or leasing planning.
Exterior improvements include vinyl siding and vinyl windows, along with fire escape access for the upper units and a recently redone front porch and walkway. Off-street parking is provided with 14 spaces. Building amenities mentioned include a handicap elevator and an additional handicap elevator feature serving the commercial level.
For tenants, buyers, or owner-occupants seeking flexibility, the property provides an on-site commercial studio alongside residential income from two separate upper units. Separate heating and dedicated storage can simplify operations across the different spaces, while the documented condition, compliance certificates, and turnkey presentation are intended to support immediate occupancy or leasing planning.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.1k | $25.44 |
| − Vacancy | −$5.9k | −$1.65 |
| EGI | $85.2k | $23.79 |
| − OpEx | −$25.6k | −$7.14 |
| NOI | $59.6k | $16.65 |
3,582 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$852.0K
$745.5K – $994.0K
NOI $59,642 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$676.2K
$591.7K – $788.9K
NOI $47,334 @ 7.0% cap · market cap 5.57%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Mare Studios & Gallery
Photography Service
Location Insight
- Map
- Local Demand
- City
- East Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.364821
- Latitude
- 41.794967
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Turnkey mixed-use property combining a ground-floor studio with two residential units and dedicated storage, each with separate heat.
Where is this triplex located?
The property is located at 2919 Pawtucket Avenue East Providence, RI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Mixed‑use property built in 1920 with three income units: ~1,620 SF commercial studio, ~1,300 SF 2BR/1BA residence, and ~650 SF unit.; Current rents: first floor $2,316; second floor $1,850; third floor $700.; All units have separate heat, and lead compliance certificates are provided.
