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    5 Hanover St Pawtucket, RI 02861

    Pending
    For Sale
    $675,000

    Multi Family,Office,Commercial - Pawtucket, RI

    Property size:
    3,422 SF
    Lot size:
    0.10 Acres
    Days on Market:
    81
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 5 Hanover St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Parking
    15
    Exterior features
    Urban
    Size
    3,422 SF
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Central

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    3
    Building materials
    Brick
    Architectural style
    Other

    Residential Properties Ltd. (401) 439-7705 [email protected]

    Listing agent Brett Bessette (401) 333-9333

    Listing date Sep 16, 2025

    MLS# 1393828 Listing URL

    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

    Mixed-Use Property in Pawtucket, RI

    The property at 5 Hanover Street (also addressed as 1143 Newport Avenue) is a legal three-unit mixed-use property in Pawtucket. It features two residential apartments and one commercial unit with flexible configurations. The first-floor commercial space is divided into two areas, including a 1,600 sq. ft. unit fully renovated in 2018 with updated mechanicals, modern finishes, and large storefront windows. This space has two separate mechanical systems allowing for further subdivision. An additional commercial area, formerly a florist, includes its own basement and private entrance. The two apartments, accessed from the rear stairwells, consist of a studio and a one-bedroom, both in need of updates. All utilities are separately metered. The property offers paved off-street parking and a one-car garage with electricity. It is being sold with an additional parcel (Map 12, Lot 737), an RT-zoned 3,392 sq. ft. vacant lot located directly behind the building. The lot size is 0.102 acres and the property size is 3,422 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Pawtucket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.353838
    Latitude
    41.885636

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    FAQs

    What type of property is this?
    Mixed-use property - Three-unit mixed-use property with commercial space and residential apartments.
    Where is this mixed-use property located?
    The property is located at 5 Hanover St Pawtucket, RI.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Legal three-unit mixed-use property with two residential apartments and one commercial unit.; - **1,600 sq. ft. commercial unit fully renovated in 2018 with updated mechanicals, modern finishes, and large storefront windows.**; - Additional RT-zoned 3,392 sq. ft. vacant lot included (Map 12, Lot 737).
    (401) 333-9333
    Request Owner's contact information
    5 Hanover St Pawtucket, RI 02861
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    Pawtucket, RI 02861
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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
    5 Hanover St Pawtucket, RI 02861
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