For Sale
Contact for pricing
374 Wickenden St, Providence, RI 02903
Mixed-use properties
Property Size5,735 SF
Price / SF$287.71
Days on Market247
Property Features for 374 Wickenden St
General Information
Standard status
Active
Size
5,735 SF
Class
A
Property subtype
Land, Retail, Mixed Use
Zoning
C2
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$100,456
Building Details
Year Built
1900
Year Renovated
2015
Buildings
1
Stories
4
Units
3
Tenancy
Multi
Listing Agency:
William Raveis Real Estate
Listed By:
Jeremiah C. Blum · License #RES.0041517
(401) 207-3329
Source:
Crexi
Added: Feb 6
Changed: Aug 28
Last Checked: Aug 14 at 7:24AM
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 William Raveis Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- Fully rented residential units until May 31, 2027, providing guaranteed income.
- Long‑standing pizza place on the first floor with a NNN lease, contributing to income and covering a third of the owner's expenses.
- Proven investment with virtually no vacancy during current ownership.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,985
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,739,700
$1.7M
Cap Rate 7%
$1,242,643
$1.2M
Cap Rate 9%
$966,500
$966.5K
Market Conditions
NOI Build-Up for 5,735 SF
Gross rent
$168.6K $29.40/SF
− Vacancy
−$10.5K −$1.82/SF
EGI
$158.2K $27.58/SF
− OpEx
−$71.2K −$12.41/SF
NOI
$87.0K $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%
$1,739,700
Cap Rate 7%
$1,242,643
Cap Rate 9%
$966,500
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $86,985 @ 7.0% cap · market cap 5.27%
Second Best
Mixed Use
$1.16M
$1.01M – $1.35M
NOI $81,122 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,307 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,326
Businesses Nearby
Explore this area
Business Placement
Demographics for 02903, RI
13,264
Population
6,588
Households
2
Avg Household Size
33
Median Age
53%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
7,802
Density / Sq Mi
$62,987
Median Household Income
$40,294
Median Earnings
$1,640
Median Rent
$365,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
Where is this mixed-use property located?
The property is located at 374 Wickenden St Providence, RI.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Fully rented residential units until May 31, 2027, providing guaranteed income.; Long‑standing pizza place on the first floor with a NNN lease, contributing to income and covering a third of the owner's expenses.; Proven investment with virtually no vacancy during current ownership.
