248 Hawkins Street Providence Providence, RI 02904
Extensively renovated mixed-use building with two ground-floor storefronts and two townhouse-style apartments above.
- Added:
- Jun 12, 2026
- Days on Market:
- 29
- Last Refresh:
- Jun 13 at 2:06 am
Property Features for 248 Hawkins Street Providence
General Information
- Standard status
- Active
- Size
- 4,500 SF
Building Details
- Year Built
- 2020
Listing office (508) 501-1443
Listing date Jun 12, 2026
Source Milestonerealtyinc
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All listing content including descriptions, pricing, images are the copyrighted material of Ashley Paiva
Investment Insights
Based on property information with market context.
Located at 248 Hawkins Street in Providence’s North End, the property is positioned near the intersection of Branch Avenue and Charles Street, supporting convenient day-to-day access for tenants and customers. The property is also described as being in close proximity to downtown Providence and major routes including Route 146 and I-95, as well as shopping and dining amenities.
For buyers seeking flexibility, this asset offers an integrated setup that can support an owner-occupant model, a multi-tenant retail arrangement, or a combined commercial and residential income strategy. The storefront-ready first floor paired with updated townhouse apartments can appeal to operators and investors looking to manage both commercial and residential space within a single, renovated building.
Key Highlights
- Year built 2020: extensively renovated mixed‑use building with modern commercial and residential spaces
- First floor includes two commercial storefronts for retail, office, professional, service, or business uses
- Two side‑by‑side townhouse‑style apartments above, each with 3 bedrooms and central air conditioning
Local Financial Insights For Multifamily LT 5
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 | $116.1k | $25.80 |
| − Vacancy | −$7.5k | −$1.68 |
| EGI | $108.6k | $24.12 |
| − OpEx | −$32.6k | −$7.24 |
| NOI | $76.0k | $16.89 |
