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    Mixed-Use Investment in Providence, RI Title is generated by Realmo AI

    207 Douglas Avenue, Providence, RI 02908

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    Claim this Listing
    Pending
    $775,000

    MULTI_FAMILY - Providence, RI

    Property size:
    4,404 SF
    Lot size:
    0.11 Acres
    Added:
    May 22, 2026
    Days on Market:
    26
    Last Refresh:
    Jun 16 at 5:06 pm

    Property Features for 207 Douglas Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bathroom 2, Bathroom 4, Basement, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 3
    Parking
    3
    Parking features
    Garage
    Basement
    Unfinished, Full
    Standard status
    Pending
    Size
    4,404 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7939

    Utilities

    Heating system
    Steam, Baseboard, Natural Gas, Electric (Heating)

    Building Details

    Year built
    1900
    Number of units
    4
    Flooring type
    Hardwood
    Building materials
    Brick

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    Listing Contact
    Melissa Riley

    Listing agent Melissa Riley License #RES.0033799

    Listing office Westcott Properties 178 Broadway, Providence, RI

    Listing date May 22, 2026

    MLS# 1413338 Listing URL

    Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Mixed‑use brick building with a commercial tenant on the first floor and three residential units above
    • Hardwood flooring and steam/baseboard heating with natural gas and electric (heating)
    • Built in 1900 with garage parking
    • Smith Hill location noted in the remarks

    Overview

    This mixed-use property is located in the Smith Hill neighborhood. It is a brick building that combines historic charm with income potential. The property features a commercial tenant occupying the first floor, providing foot traffic and street presence. Above, three residential units offer living spaces. The building is complemented by landscaping that enhances curb appeal and tenant enjoyment. The lot size is 0.11 acres and the property size is 4404 square feet.

    Local Financial Insights For Apartment 5plus

    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 $129.5k $29.40
    − Vacancy −$8.0k −$1.82
    EGI $121.4k $27.58
    − OpEx −$54.7k −$12.41
    NOI $66.8k $15.17
    4,404 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $954.2K
    $835.0K – $1.11M (±1% cap)
    NOI $66,797 @ 7.0% cap · market cap 8.62%
    Second Best
    Retail
    $936.6K
    $819.6K – $1.09M (±1% cap)
    NOI $65,564 @ 7.0% cap · market cap 8.46%
    Theoretical Best
    Office A
    $1.47M
    $1.29M – $1.72M (±1% cap)
    NOI $103,136 @ 7.0% cap · market cap 13.31%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    RHODYWOOD IT Consulting Firm Business Focus, Inc. Tech Support Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.422735
    Latitude
    41.837668

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial and residential units in Smith Hill.
    Where is this mixed-use property located?
    The property is located at 207 Douglas Avenue Providence, RI.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: Mixed‑use brick building with a commercial tenant on the first floor and three residential units above; Hardwood flooring and steam/baseboard heating with natural gas and electric (heating); Built in 1900 with garage parking
    More about this property
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