Mixed-Use Property with NNN
For Sale
Contact for pricing
191 Nashua Street, Providence, RI 02904
Three residential units accompany a commercial tenant under a long-term NNN lease in a four-component property.
Property SizeContact for details
Days on Market70
Property Features for 191 Nashua Street
General Information
Standard status
Active
Total Parking Spaces
10
Property subtype
Mixed Use
Zoning
C2
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$157,258
Financials
Asking Price
$2,230,000
Cap Rate
7.05%
Gross Income
$176,400
Additional Details
Multifamily Units
3
Building Details
Year Renovated
2024
Buildings
2
Units
10
Tenancy
Multi
Listing Agency:
Residential Properties Ltd
(401) 864-3700
Listed By:
Christopher Rowley · License #RES.0041808
Source:
Crexi
Added: Jun 22
Changed: Aug 30
Last Checked: Aug 30 at 3:49AM
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 Residential Properties Ltd
Investment Insights
Based on property information with market context.
Located at 191 Nashua Street in Providence, Rhode Island, this mixed-use property combines three residential units with one commercial tenant. The asset is zoned C2 and includes an established income-producing commercial component alongside its residential occupancy.
The commercial space is leased on an NNN basis under a 10-year term, with less than one year completed. The tenant is described as a national operator with 150+ locations in 15 states. The property carries a 7.05% cap rate, providing a clear metric for evaluating the income profile of this mixed-use asset.
The commercial space is leased on an NNN basis under a 10-year term, with less than one year completed. The tenant is described as a national operator with 150+ locations in 15 states. The property carries a 7.05% cap rate, providing a clear metric for evaluating the income profile of this mixed-use asset.
Key Highlights
- Three residential units plus one commercial tenant
- 10‑year NNN lease with less than one year completed
- National commercial tenant with 150+ locations in 15 states
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,680
Businesses Nearby
Explore this area
Business Placement
Demographics for 02904, RI
31,542
Population
14,483
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
6,066
Density / Sq Mi
$64,637
Median Household Income
$47,040
Median Earnings
$1,217
Median Rent
$302,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three residential units accompany a commercial tenant under a long-term NNN lease in a four-component property.
Where is this mixed-use property located?
The property is located at 191 Nashua Street Providence, RI.
What is the asking price?
The asking price for this property is $2,230,000.
What are key features of this property?
This property features: Three residential units plus one commercial tenant; 10‑year NNN lease with less than one year completed; National commercial tenant with 150+ locations in 15 states
