Mixed-Use Retail and Townhome
248 Hawkins Street Providence Providence, RI 02904
248 Hawkins Street Providence, Providence, RI, 02904
$889,900
For Sale
$889,900
Extensively renovated mixed-use building with two ground-floor storefronts and two townhouse-style apartments above.
Property Size4,500 SF
Price / SF$197.76
Days on Market35
Property Features for 248 Hawkins Street Providence
General Information
- Standard status
- Active
- Size
- 4,500 SF
Building Details
- Year Built
- 2020
Listing Agency
(508) 501-1443
Listed by
Ashley Paiva
(508) 501-1443
Source
Milestonerealtyinc
Added: Jun 12 Checked: Jul 16 at 3:06 am
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 Ashley Paiva
Investment Insights
Based on property information with market context.
This extensively renovated mixed-use property combines two ground-floor commercial storefronts with two townhouse-style apartments on the upper level. The first floor is configured to support multiple business uses, while the second floor offers two spacious, side-by-side apartment layouts. Each apartment features three bedrooms, generous living space, modern finishes, and central air conditioning. The building also includes major interior and exterior updates, along with modern systems.
Located at 248 Hawkins Street in Providence’s North End, the property is positioned near the intersection of Branch Avenue and Charles Street, supporting convenient day-to-day access for tenants and customers. The property is also described as being in close proximity to downtown Providence and major routes including Route 146 and I-95, as well as shopping and dining amenities.
For buyers seeking flexibility, this asset offers an integrated setup that can support an owner-occupant model, a multi-tenant retail arrangement, or a combined commercial and residential income strategy. The storefront-ready first floor paired with updated townhouse apartments can appeal to operators and investors looking to manage both commercial and residential space within a single, renovated building.
Located at 248 Hawkins Street in Providence’s North End, the property is positioned near the intersection of Branch Avenue and Charles Street, supporting convenient day-to-day access for tenants and customers. The property is also described as being in close proximity to downtown Providence and major routes including Route 146 and I-95, as well as shopping and dining amenities.
For buyers seeking flexibility, this asset offers an integrated setup that can support an owner-occupant model, a multi-tenant retail arrangement, or a combined commercial and residential income strategy. The storefront-ready first floor paired with updated townhouse apartments can appeal to operators and investors looking to manage both commercial and residential space within a single, renovated building.
Key Highlights
- Year built 2020: extensively renovated mixed‑use building with modern commercial and residential spaces
- First floor includes two commercial storefronts for retail, office, professional, service, or business uses
- Two side‑by‑side townhouse‑style apartments above, each with 3 bedrooms and central air conditioning
Local Financial Insights For Multifamily LT 5
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 | $116.1k | $25.80 |
| − Vacancy | −$7.5k | −$1.68 |
| EGI | $108.6k | $24.12 |
| − OpEx | −$32.6k | −$7.24 |
| NOI | $76.0k | $16.89 |
4,500 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$949.8K – $1.27M
NOI $75,987 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$975.1K
$853.2K – $1.14M
NOI $68,254 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,385 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Extensively renovated mixed-use building with two ground-floor storefronts and two townhouse-style apartments above.
Where is this duplex located?
The property is located at 248 Hawkins Street Providence Providence, RI.
What is the asking price?
The asking price for this property is $889,900.
What are key features of this property?
This property features: Year built 2020: extensively renovated mixed‑use building with modern commercial and residential spaces; First floor includes two commercial storefronts for retail, office, professional, service, or business uses; Two side‑by‑side townhouse‑style apartments above, each with 3 bedrooms and central air conditioning
