Mixed-Use Property with Retail
328 Pocasset Avenue 334, Providence, RI 02909
For Sale
$1,800,000
The building combines residential apartments with commercial space and provides off-street parking.
Property Size7,200 SF
Price / SF$250
Days on Market10
Property Features for 328 Pocasset Avenue 334
General Information
Standard status
Size
Total Parking Spaces
Site & Location
Neighborhood
Public Transit
Mixed-Use Components
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
newer fire alarm systems
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Century 21 Limitless
Listed By:
Kyle Seyboth · License RI REB.0019335
(508) 726-3492
Source:
Evrealestate
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 14 at 4:29AM
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 Century 21 Limitless
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Investment Insights
Based on property information with market context.
At 328 Pocasset in Providence, this 7,200-square-foot mixed-use property contains 4 commercial units and 8 residential units. Built in 1922, the building has been maintained and includes newer fire alarm systems.
Off-street parking serves the property. Its Providence location is described as near major roadways, shopping, dining, schools, public transportation, and everyday amenities.
Off-street parking serves the property. Its Providence location is described as near major roadways, shopping, dining, schools, public transportation, and everyday amenities.
Key Highlights
- 12 units: 4 commercial and 8 residential
- 7,200 square feet
- 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
Explore this area
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 residential apartments with commercial space and provides off-street parking.
Where is this mixed-use property located?
The property is located at 328 Pocasset Avenue 334 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: 12 units: 4 commercial and 8 residential; 7,200 square feet; Off‑street parking
