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Mixed-Use Property with Restaurant
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103 Waterman Ave, East Providence, RI 02911

Three residential units and a two-unit commercial building share a dedicated parking lot.

Property SizeContact for details
Days on Market141

Property Features for 103 Waterman Ave

General Information

Standard status Active
Property subtype Retail
Listing Agency: RE/MAX Preferred
Listed By: Joe Luca · License #b16447
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 5:54PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Preferred

Investment Insights

Based on property information with market context.

This mixed-use property combines a three-unit residential building with a separate commercial building configured with two units. The residential component requires updating, offering flexibility for modernization across the individual living spaces. The commercial portion is occupied by a restaurant, providing an established operating use within the property’s existing layout.

A dedicated parking lot serves the residential and commercial components. The property is located at 103 Waterman Ave in East Providence, with access from Smithfield, Johnston, and Providence. The restaurant business is required to be sold in connection with the property.

Key Highlights

  • Three‑unit residential building with updating required
  • Separate commercial building configured as two units
  • Restaurant occupies the commercial component

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Locksmith Electrical Service Daycare Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,280
Businesses Nearby

Demographics for 02911, RI

16,384
Population
6,894
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
2.5 sq mi
ZIP Area
6,554
Density / Sq Mi
$85,803
Median Household Income
$53,209
Median Earnings
$1,480
Median Rent
$319,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three residential units and a two-unit commercial building share a dedicated parking lot.
Where is this mixed-use property located?
The property is located at 103 Waterman Ave East Providence, RI.
What are key features of this property?
This property features: Three‑unit residential building with updating required; Separate commercial building configured as two units; Restaurant occupies the commercial component
(401) 409-5030 Call to check price and availability
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