Mixed-Use Property with
328 Pocasset Avenue, Providence, RI 02909
For Sale
New
$1,800,000
Commercial/Business,Commercial Sale, Providence, RI
Property Size7,200 SF
Lot Size0.18 Acres
Price / SF$250
Days on Market2
Property Features for 328 Pocasset Avenue
General Information
Property type
Property subtype
Parking
Lot features
Standard status
Size
Lot size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
off-street parking
newer fire alarm systems
Building Details
Year built
Number of units
Building materials
Listing Agency:
Century 21 Limitless · Century 21 Real Estate
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Added: Nov 6
Last Checked: Nov 7 at 1:06AM
MLS# 1427035
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.
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Investment Insights
Based on property information with market context.
This 7,200-square-foot mixed-use building contains four commercial units and eight residential units. Built in 1922 with frame construction, the property also has newer fire alarm systems and off-street parking. It sits on a 0.18-acre lot at 328 Pocasset Avenue in Providence, Rhode Island.
Key Highlights
- Four commercial units and eight residential units
- 7,200‑square‑foot building on a 0.18‑acre lot
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,206
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,184,120
$2.2M
Cap Rate 7%
$1,560,086
$1.6M
Cap Rate 9%
$1,213,400
$1.2M
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$211.7K $29.40/SF
− Vacancy
−$13.1K −$1.82/SF
EGI
$198.6K $27.58/SF
− OpEx
−$89.4K −$12.41/SF
NOI
$109.2K $15.17/SF
Area
Providence, RI
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,184,120
Cap Rate 7%
$1,560,086
Cap Rate 9%
$1,213,400
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.37M – $1.82M
NOI $109,206 @ 7.0% cap · market cap 6.07%
Second Best
Mixed Use
$1.45M
$1.27M – $1.70M
NOI $101,844 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,615 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
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Business Placement
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Providence, RI
Properties on Market for Mixed-use properties in Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines commercial space with residential units and includes off-street parking.
Where is this mixed-use property located?
The property is located at 328 Pocasset Avenue Providence, RI.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Four commercial units and eight residential units; 7,200‑square‑foot building on a 0.18‑acre lot; Off‑street parking
