Wickenden Street Multi-Unit
323 Wickenden Providence, RI 02903
323 Wickenden, Providence, RI, 02903
$1,599,000
Pending
For Sale
$1,599,000
Pending
Multi-unit property near Brown University, RISD, and India Point Park.
Property Size5,470 SF
Days on Market292
Property Features for 323 Wickenden
General Information
- Standard status
- Pending
- Size
- 5,470 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1800
Listing Agency
RESIDENTIAL PROPERTIES LTD.
(401) 245-9600
Listed by
EDDIE RAYDEN
Source
Corcoran
Added: Sep 30, 2025 Checked: Jul 17 at 3:33 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 RESIDENTIAL PROPERTIES LTD.
Investment Insights
Based on property information with market context.
This multi-unit property is located at 323-329 Wickenden Street (AKA 15 Thompson) in Fox Point, near College Hill. The property is situated close to coffee shops, restaurants, India Point Park's waterfront, Brown University, RISD, and hospitals. It consists of five units: two, three, and four-bedroom units. The property is zoned as a three-family dwelling, office unit, and arts studio unit. Trader Joe's is located at the end of the street, and Whole Foods is a few blocks away. Originally built circa 1798 as a double house known as the Isaac Peck House. Residents can enjoy WaterFire and ferry service to Newport in the summer. The property is less than a mile from downtown Providence, the Amtrak Train Station, and major interstates. The property size is 5470 square feet.
Key Highlights
- Prime location in Fox Point, near Brown University, RISD, India Point Park, and hospitals.
- Multi‑unit property with 5 total units (2, 3, and 4 bedroom configurations).
- Convenient access to coffee shops, trending restaurants, Trader Joe's, and Whole Foods.
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 | $160.8k | $29.40 |
| − Vacancy | −$10.0k | −$1.82 |
| EGI | $150.8k | $27.58 |
| − OpEx | −$67.9k | −$12.41 |
| NOI | $83.0k | $15.17 |
5,470 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.38M
NOI $82,966 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,101 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Multi-unit property near Brown University, RISD, and India Point Park.
Where is this apartment building located?
The property is located at 323 Wickenden Providence, RI.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Prime location in Fox Point, near Brown University, RISD, India Point Park, and hospitals.; Multi‑unit property with 5 total units (2, 3, and 4 bedroom configurations).; Convenient access to coffee shops, trending restaurants, Trader Joe's, and Whole Foods.
