Corner Mixed-Use Investment
756 Hope Street, Providence, RI 02906
- Added:
- Apr 14, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 1 at 10:06 pm
Property Features for 756 Hope Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 7
- Rooms
- Bathroom 7, Basement, Bedroom 4, Bathroom 1, Bathroom 5, Bedroom 1, Bathroom 2, Bathroom 6, Bathroom 4, Bedroom 3, Bedroom 2, Bathroom 3, Bedroom 5
- Parking features
- Garage
- Basement
- Full, Unfinished
- Appliances
- Gas Water Heater
- Standard status
- Pending
- Size
- 7,000 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 22880
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Natural Gas, Central
- Cooling system
- Central Air, Other (Cooling)
Building Details
- Year built
- 1930
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Tile - Ceramic, Laminate
- Building materials
- Masonry, Vinyl Siding
Listing agent Stephen Gaskin License #RES.0048283 (401) 439-7705
Listing office Residential Properties Ltd. 140 Wickenden Street, RI (401) 274-6740
Listing date Apr 14, 2026
MLS# 1409801
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
- Prominent corner location in the heart of the East Side's Hope Village at a highly visible and active intersection.
- Two buildings on a single parcel with a mix of commercial and residential units.
- Anchored by established, high‑traffic commercial tenants (Stock Culinary Goods and Ivy Tavern) on triple‑net (NNN) leases.
- Five recently refreshed, income‑producing one‑bedroom residential units at 50 Glendale Avenue.
- Substantial basement space in both buildings provides strong utility and storage capacity.
- Prime location near Blackstone Boulevard and surrounded by a dense mix of amenities, drawing from multiple desirable neighborhoods.
Overview
This mixed-use property features two buildings on a single parcel, situated at a prominent corner in Hope Village. The property is located at one of Hope Street's most active and recognizable intersections. The commercial spaces are anchored by Stock Culinary Goods and Ivy Tavern, neighborhood destinations that generate consistent foot traffic. The retail spaces are structured on triple-net (NNN) leases. Above and behind the commercial frontage at 50 Glendale Avenue are five recently refreshed one-bedroom, one-bath residential units. Both buildings include substantial basement space with utility and storage capacity. The property is located moments from Blackstone Boulevard and surrounded by cafes, bakeries, boutiques, and neighborhood staples, drawing from College Hill, Wayland Square, Fox Point, and beyond. The property size is 7000 square feet on a lot of 0.11 acres.
Local Financial Insights For Apartment 5plus
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 | $205.8k | $29.40 |
| − Vacancy | −$12.8k | −$1.82 |
| EGI | $193.0k | $27.58 |
| − OpEx | −$86.9k | −$12.41 |
| NOI | $106.2k | $15.17 |
7,000 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,172 @ 7.0% cap · market cap 5.44%
Second Best
Retail
$1.49M
$1.30M – $1.74M
NOI $104,211 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,932 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Stock Culinary Goods
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.395988
- Latitude
- 41.847623
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two buildings on a single parcel in Hope Village.
Where is this mixed-use property located?
The property is located at 756 Hope Street Providence, RI.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Prominent corner location in the heart of the East Side's Hope Village at a highly visible and active intersection.; Two buildings on a single parcel with a mix of commercial and residential units.; Anchored by established, high‑traffic commercial tenants (Stock Culinary Goods and Ivy Tavern) on triple‑net (NNN) leases.
