Mixed-Use Building with Streetfront
1407 Broad Street Providence, RI 02905
1407 Broad Street, Providence, RI, 02905
$750,000
For Sale
$750,000
Two ground-level commercial units with large storefront windows combine with two upper residential units and off-street parking.
Property Size3,444 SF
Price / SF$217.77
Days on Market156
Property Features for 1407 Broad Street
General Information
- Standard status
- Active
- Size
- 3,444 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1920
Listing agency
Innovations Realty
(401) 265-6750
Listed by
Nelson Sena
(401) 265-6750
Source
Xome
Added: Feb 17 Updated: Jul 22 at 8:18PM Checked: Jul 22 at 8:18PM
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 Innovations Realty
Investment Insights
Based on property information with market context.
This mixed-use building combines two ground-level commercial units with two residential units on the upper floors. The street-level spaces feature large storefront windows designed to bring in natural light and support day-to-day customer access. The residential portion is arranged across the upper floors, with generous window lines for each unit.
A private balcony is included on the top floor. The property also offers a large garage along with additional off-street parking, supporting tenant and visitor convenience.
The layout provides a practical split between streetfront commercial frontage and separate residential living space above.
A private balcony is included on the top floor. The property also offers a large garage along with additional off-street parking, supporting tenant and visitor convenience.
The layout provides a practical split between streetfront commercial frontage and separate residential living space above.
Key Highlights
- Two ground‑level commercial units with large storefront windows for retail, office, or service use
- Two residential units on the upper floors with generous window lines for natural light
- Top‑floor residential unit includes a private balcony
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 | $93.0k | $27.00 |
| − Vacancy | −$14.4k | −$4.19 |
| EGI | $78.6k | $22.81 |
| − OpEx | −$19.6k | −$5.70 |
| NOI | $58.9k | $17.11 |
3,444 SF · lease $27.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$841.9K
$736.6K – $982.2K
NOI $58,931 @ 7.0% cap · market cap 7.86%
Second Best
Multifamily LT 5
$830.8K
$727.0K – $969.3K
NOI $58,156 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,654 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Xtreme Marketing & Graphics
Marketing & Advertising
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two ground-level commercial units with large storefront windows combine with two upper residential units and off-street parking.
Where is this mixed-use property located?
The property is located at 1407 Broad Street Providence, RI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two ground‑level commercial units with large storefront windows for retail, office, or service use; Two residential units on the upper floors with generous window lines for natural light; Top‑floor residential unit includes a private balcony
