Mixed-Use Property with Studio &
2919 Pawtucket Avenue, East Providence, RI 02915
COMMERCIAL - East Providence, RI
Type:Apartment
Property size:
3,582 SFLot size:
0.32 AcresPrice / SF:
$237/SF- Added:
- Mar 27, 2026
- Days on Market:
- 78
- Last Refresh:
- Jun 12 at 7:06 pm
Property Features for 2919 Pawtucket Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Apartment
- Zoning
- R3
- Rooms
- Basement
- Parking
- 14
- Interior features
- Ceiling Height (7 to 9 Ft)
- Basement
- Full
- Standard status
- Active
- Size
- 3,582 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12279
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Forced Air
Building Details
- Year built
- 1920
- Number of units
- 3
Listing agent Mark Raymond (401) 439-7705
Listing office Residential Properties Ltd. 413 Main Street, RI (401) 885-8400
Listing date Mar 27, 2026
MLS# 1408371
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 property with three income‑producing units: 1st‑floor studio (~1,620 SF) plus 2nd‑floor 2BR (~1,300 SF) and 3rd‑floor unit (~650 SF)
- Current rents: $2,316 (1st floor), $1,850 (2nd floor), and $700 (3rd floor)
- Each unit has separate utilities and heating; lead compliance certificates provided
- First‑floor commercial studio includes 2 half baths and is in pristine condition
- Lower level offers dedicated storage for each unit; 14‑space off‑street parking
- Exterior and access: vinyl siding and windows, fire escape access for upper units, security system, and a handicap elevator
Overview
This mixed-use property at 2919 Pawtucket Avenue is offered for sale in turnkey, outstanding condition. The first-floor commercial studio includes approximately 1,620 sq ft, two half baths, and is in pristine condition, and it is supported by a security system and a handicap elevator. The second-floor residential unit offers approximately 1,300 sq ft with two bedrooms and one full bath, featuring a bright, open floor plan with spacious living and dining areas. A third-floor unit of approximately 650 sq ft includes an open layout with a large living area, a good-sized bedroom, a huge kitchen, and a full bathroom. Each unit has separate utilities, and lead compliance certificates are provided. A dedicated storage area is available in the lower level for each unit.
The exterior features include vinyl siding and vinyl windows, with fire escape access for the upper units. There is ample off-street parking with 14 spaces.
The configuration suits investors seeking separate commercial and residential income, or owner-occupants who want a ground-floor studio while receiving residential rent from the upper units. Current rents are listed as $2,316 for the first floor, $1,850 for the second floor, and $700 for the third floor; please note the photography studio business shown in the marketing materials is not included.
The exterior features include vinyl siding and vinyl windows, with fire escape access for the upper units. There is ample off-street parking with 14 spaces.
The configuration suits investors seeking separate commercial and residential income, or owner-occupants who want a ground-floor studio while receiving residential rent from the upper units. Current rents are listed as $2,316 for the first floor, $1,850 for the second floor, and $700 for the third floor; please note the photography studio business shown in the marketing materials is not included.
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 | $91.1k | $25.44 |
| − Vacancy | −$5.9k | −$1.65 |
| EGI | $85.2k | $23.79 |
| − OpEx | −$25.6k | −$7.14 |
| NOI | $59.6k | $16.65 |
3,582 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$852.0K
$745.5K – $994.0K
NOI $59,642 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$676.2K
$591.7K – $788.9K
NOI $47,334 @ 7.0% cap · market cap 5.57%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Mare Studios & Gallery
Photography Service
Location Insight
- Map
- Local Demand
- City
- East Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.364735
- Latitude
- 41.795015
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Immaculately maintained mixed-use building with ground-floor studio, multiple residences, separate utilities, and 14 off-street spaces.
Where is this duplex located?
The property is located at 2919 Pawtucket Avenue East Providence, RI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Mixed‑use property with three income‑producing units: 1st‑floor studio (~1,620 SF) plus 2nd‑floor 2BR (~1,300 SF) and 3rd‑floor unit (~650 SF); Current rents: $2,316 (1st floor), $1,850 (2nd floor), and $700 (3rd floor); Each unit has separate utilities and heating; lead compliance certificates provided
