15 THELMA DR, Hope Valley, RI

Offered for online auction on GovDeals (Auction #28975-83, bidding open and scheduled to close 06/16/2026), this historic brick live/work building totals approximately 5,000 square feet on about 0.06 acres. Built in 1922, the property includes two renovated apartments, for a combined 5 bedrooms and 2 bathrooms across two units. The main feature is a large ground-floor live/work space with mezzanines, abundant natural light, and storage areas, providing a flexible configuration for artists, studios, or residential-income use.

The building is located on a busy corner lot in downtown, with the ground-floor layout designed to accommodate a mix of work and living arrangements. The property includes two units and is set up to support both day-to-day activity and residential use within the same structure.

For tenants, buyers, or operators seeking a mixed-use setup, the combination of renovated apartment units and a substantial ground-floor live/work area can support flexible use planning while maintaining residential components within the property. The information provided also notes approximately $28,700 in annual rental income generated by the two apartments. Prospective bidders and purchasers should review the GovDeals auction page for additional materials, photos, and full terms before submitting an offer.