Corner Mixed-Use
771 Hope Street Providence, RI 02906
771 Hope Street, Providence, RI, 02906
$2,175,000
For Sale
$2,175,000
MULTI_FAMILY - Providence, RI
Property Size7,820 SF
Lot Size0.11 Acres
Price / SF$278.13
Days on Market96
Property Features for 771 Hope Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C2
- Bedrooms
- 5
- Bathrooms
- 7
- Rooms
- Bedroom 4, Bathroom 6, Bedroom 5, Bathroom 8, Bathroom 9, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 5, Basement, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bathroom 7
- Parking features
- None
- Basement
- Unfinished, Full
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 7,820 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 32885
Utilities
- Heating system
- Forced Air, Natural Gas, Baseboard
- Cooling system
- Central Air
Building Details
- Year built
- 1930
- Floors in Building
- 4
- Number of units
- 3
- Flooring type
- Hardwood, Laminate, Tile - Ceramic
- Building materials
- Brick, Wood
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# 1409701
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.
771–773 Hope Street and 75–79 Burlington Street are offered together on a single parcel as a mixed-use, corner property. The ground-level corner space is a restaurant with a full bar and an expansive, adaptable layout. Along Burlington Street, there are three additional commercial spaces occupied by a tailor, a pet groomer, and a tattoo studio.
Above the commercial component are four residential units: three one-bedroom, one-bath units and one two-bedroom, two-bath unit. The property is zoned C2 and is offered as real estate only.
The asset totals 7,820 square feet and provides both neighborhood-serving retail frontage and residential income under one ownership structure.
Above the commercial component are four residential units: three one-bedroom, one-bath units and one two-bedroom, two-bath unit. The property is zoned C2 and is offered as real estate only.
The asset totals 7,820 square feet and provides both neighborhood-serving retail frontage and residential income under one ownership structure.
Key Highlights
- Offered as real estate only: 771‑773 Hope St and 75‑79 Burlington St on a single parcel
- Ground‑level corner restaurant at Hope & Burlington with a full bar and expansive, adaptable layout
- Three additional commercial spaces on Burlington St occupied by a tailor, pet groomer, and tattoo studio
Local Financial Insights For Specialty Retail
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 | $192.4k | $24.60 |
| − Vacancy | −$7.3k | −$0.93 |
| EGI | $185.1k | $23.67 |
| − OpEx | −$46.3k | −$5.92 |
| NOI | $138.8k | $17.75 |
7,820 SF · lease $24.60/SF/yr · vacancy 3.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,796 @ 7.0% cap · market cap 6.38%
Second Best
Multifamily LT 5
$1.89M
$1.65M – $2.20M
NOI $132,049 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$2.62M
$2.29M – $3.05M
NOI $183,135 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
KG Kitchen
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Ground-floor restaurant with full bar, plus three inline commercial spaces and four residential units on a single parcel.
Where is this mixed-use property located?
The property is located at 771 Hope Street Providence, RI.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: Offered as real estate only: 771‑773 Hope St and 75‑79 Burlington St on a single parcel; Ground‑level corner restaurant at Hope & Burlington with a full bar and expansive, adaptable layout; Three additional commercial spaces on Burlington St occupied by a tailor, pet groomer, and tattoo studio
