Back to Search
Downtown Mixed-Use Building

11 Peck Street Providence, RI 02903

Claim this Listing
For Sale
$879,000

MULTI_FAMILY - Providence, RI

Property size:
3,676 SF
Lot size:
0.04 Acres
Price / SF:
$239.12/SF
Added:
May 13, 2026
Days on Market:
62
Last Refresh:
Jul 13 at 9:06 pm

Property Features for 11 Peck Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bathroom 3, Basement, Bathroom 4, Bedroom 2, Bedroom 3, Bathroom 2
Parking features
None
Basement
Full, Unfinished
Appliances
Gas Water Heater
Standard status
Active
Size
3,676 SF
Lot size
0.04 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
18766

Utilities

Heating system
Forced Air, Natural Gas
Cooling system
Central Air

Building Details

Year built
1920
Number of units
3
Building materials
Brick

Listing agent Gabe Francis

Listing office Lenox Realty Group 380 Broadway, East Providence, RI

Listing date May 13, 2026

MLS# 1412531 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.

11 Peck Street is a mixed-use building currently configured with two small commercial storefronts and seven office suites on the second floor. The existing structure provides a straightforward layout for continued office use or a change in commercial use, and the property also has planning materials associated with potential second-floor loft redevelopment.

The building is located in downtown Providence and is within an Opportunity Zone. Public remarks indicate the heating, electrical, roof, and exterior structure are in great shape.

The property totals 3,676 square feet on a 0.043-acre lot. It is being offered for sale and includes an architects drawing and related plans for the second-floor loft concept, which could be retained or replaced with alternate redevelopment ideas.

Key Highlights

  • Brick building built in 1920 with forced‑air heating and central air cooling
  • Includes a gas water heater
  • Two small commercial storefronts with 7 office suites on the second floor

Local Financial Insights For Office B

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 $99.3k $27.00
− Vacancy −$15.4k −$4.19
EGI $83.9k $22.81
− OpEx −$21.0k −$5.70
NOI $62.9k $17.11
3,676 SF · lease $27.00/SF/yr · vacancy 15.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$898.6K
$786.3K – $1.05M (±1% cap)
NOI $62,901 @ 7.0% cap · market cap 7.16%
Second Best
Retail
$781.8K
$684.1K – $912.1K (±1% cap)
NOI $54,726 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M (±1% cap)
NOI $86,088 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Auto Parts Store Daycare Center (Bike/Boat/Book/etc) Store Pet Store Pet Grooming Service Pet Store & Service Locksmith (Bike/Boat/Book/etc) Store Carpet & Flooring Store Garden Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office units - Building offers two ground-floor storefronts and seven second-floor office suites with strong building systems.
Where is this office units located?
The property is located at 11 Peck Street Providence, RI.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Brick building built in 1920 with forced‑air heating and central air cooling; Includes a gas water heater; Two small commercial storefronts with 7 office suites on the second floor
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message