Corner Retail and Apartment
756 Hope Street Providence, RI 02906
756 Hope Street, Providence, RI, 02906
$1,950,000
Pending
For Sale
$1,950,000
Pending
MULTI_FAMILY - Providence, RI
Property Size7,000 SF
Lot Size0.11 Acres
Days on Market96
Property Features for 756 Hope Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 7
- Rooms
- Bathroom 2, Bedroom 5, Bathroom 7, Bathroom 4, Bathroom 3, Bedroom 4, Bathroom 5, Bedroom 3, Bedroom 1, Bathroom 6, Bathroom 1, Bedroom 2, Basement
- Parking features
- None
- Basement
- Unfinished, Full
- 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
- Natural Gas, Central, Baseboard
- 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 Agency
Residential Properties Ltd.
(401) 274-6740
140 Wickenden Street, RI
Listed by
Stephen Gaskin · License #RES.0048283
(401) 439-7705
Added: Apr 14 Checked: Jul 18 at 7:06 am
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.
Investment Insights
Based on property information with market context.
Two buildings are offered together on a single parcel at 756–758 Hope Street and 50 Glendale Avenue. The property includes commercial retail space structured on triple-net (NNN) leases along Hope Street, with existing tenants Stock Culinary Goods and Ivy Tavern. Behind and above, 50 Glendale Avenue provides five recently refreshed one-bedroom, one-bath residential units.
The buildings are situated at a prominent corner within the East Side / Hope Village area, at one of Hope Village’s most active and recognizable intersections. There is substantial basement space in both buildings, designed to support utility and storage needs for the current tenancies.
The offering is for real estate only.
The buildings are situated at a prominent corner within the East Side / Hope Village area, at one of Hope Village’s most active and recognizable intersections. There is substantial basement space in both buildings, designed to support utility and storage needs for the current tenancies.
The offering is for real estate only.
Key Highlights
- Two buildings offered together on a single parcel at 756–758 Hope St & 50 Glendale Ave
- Commercial space along Hope St leased on triple‑net (NNN)
- 50 Glendale Ave includes five recently refreshed 1‑bedroom, 1‑bath residential units
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
—
—
no second resolved use
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Stock Culinary Goods
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two connected buildings offer retail on triple-net leases and five recently refreshed one-bedroom apartment units.
Where is this apartment building 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: Two buildings offered together on a single parcel at 756–758 Hope St & 50 Glendale Ave; Commercial space along Hope St leased on triple‑net (NNN); 50 Glendale Ave includes five recently refreshed 1‑bedroom, 1‑bath residential units
