Corner Mixed-Use
For Sale
$405,000
Pending
1747 Smith Street, North Providence, RI 02911
Two-level layout pairs a commercial first floor with an updated two-bedroom apartment above.
Property Size1,176 SF
Days on Market56
Property Features for 1747 Smith Street
General Information
Standard status
Pending
Size
1,176 SF
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
LPT Realty
(401) 757-0845
Listed By:
Wayne Hannon · License #RES.0042728
(401) 578-6960
Source:
Lockandkeyre
Added: Sep 2
Changed: Oct 26
Last Checked: Oct 26 at 3:49PM
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 LPT Realty
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Investment Insights
Based on property information with market context.
This mixed-use property, built in 1920, combines commercial and residential space in a two-level layout. The first floor includes a full bathroom and was formerly configured for barber shop use, while additional basement space features a wine cellar. An updated two-bedroom apartment occupies the upper level and can accommodate either owner occupancy or rental use.
The property sits on a corner lot along Smith Street in North Providence and includes on-site parking. Its combination of storefront-oriented space, residential accommodations, basement storage, and a separate apartment creates a flexible setup for an owner-user or investor.
The property sits on a corner lot along Smith Street in North Providence and includes on-site parking. Its combination of storefront-oriented space, residential accommodations, basement storage, and a separate apartment creates a flexible setup for an owner-user or investor.
Key Highlights
- Corner lot with on‑site parking
- Updated two‑bedroom apartment on the upper level
- First‑floor commercial space with full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,540
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,800
$310.8K
Cap Rate 7%
$222,000
$222.0K
Cap Rate 9%
$172,667
$172.7K
Market Conditions
NOI Build-Up for 1,176 SF
Gross rent
$30.1K $25.56/SF
− Vacancy
−$1.8K −$1.53/SF
EGI
$28.3K $24.03/SF
− OpEx
−$12.7K −$10.81/SF
NOI
$15.5K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,800
Cap Rate 7%
$222,000
Cap Rate 9%
$172,667
Alternative Uses
Best Use
Apartment 5plus
$222.0K
$194.3K – $259.0K
NOI $15,540 @ 7.0% cap · market cap 3.84%
Second Best
Mixed Use
$198.5K
$173.7K – $231.5K
NOI $13,892 @ 7.0% cap · market cap 3.43%
Theoretical Best
Multifamily LT 5
$279.7K
$244.8K – $326.4K
NOI $19,581 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
56k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 42%
McDonald's
Dining
21,001 visits/mo
0.4 miles
Dunkin' Donuts
Dining
11,358 visits/mo
0.1 miles
Citizens Bank
Shops & Services
9,352 visits/mo
0.5 miles
Cumberland Farms
Shops & Services
8,136 visits/mo
0.4 miles
TD Bank
Shops & Services
5,208 visits/mo
0.5 miles
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
Check the figures for this property
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level layout pairs a commercial first floor with an updated two-bedroom apartment above.
Where is this mixed-use property located?
The property is located at 1747 Smith Street North Providence, RI.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Corner lot with on‑site parking; Updated two‑bedroom apartment on the upper level; First‑floor commercial space with full bathroom
