Mixed-Use Property with
For Sale
$699,900
686 N Broadway, East Providence, RI 02914
Mixed-use property featuring a laundromat and residential units.
Property Size4,217 SF
Lot Size0.23 Acres
Price / SF$165.97
Days on Market371
Property Features for 686 N Broadway
General Information
Standard status
Active
Size
4,217 SF
Lot size
0.23 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,496
Amenities
Central air
Corner Lot
Central Air Cooling
Circuit Breakers
Window Units Cooling
Building Details
Year Built
1920
Listing Agency:
GREEN ISLAND REALTY, INC.
(401) 461-2063
Listed By:
CORA ZHANG · License #744516048
(646) 932-1503
Source:
Corcoran
Added: Sep 30, 2025
Changed: Aug 14
Last Checked: Aug 14 at 9:51AM
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 GREEN ISLAND REALTY, INC.
Investment Insights
Based on property information with market context.
This mixed-use property offers a business and real estate package for sale. It features an owner-operated laundromat equipped with 31 washers and 23 dryers, along with 6 rental income streams from residential units. The established laundromat business presents significant growth potential, complemented by steady rental income from long-term tenants. The property is situated in a high-traffic location, close to various amenities. The property size is 4217 square feet. This property is being sold as is.
Key Highlights
- Mixed‑use property featuring an established laundromat and 6 rental units.
- Laundromat equipped with 31 washers and 23 dryers.
- Steady rental income** from long‑term tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,726
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,114,520
$1.1M
Cap Rate 7%
$796,086
$796.1K
Cap Rate 9%
$619,178
$619.2K
Market Conditions
NOI Build-Up for 4,217 SF
Gross rent
$107.8K $25.56/SF
− Vacancy
−$6.5K −$1.53/SF
EGI
$101.3K $24.03/SF
− OpEx
−$45.6K −$10.81/SF
NOI
$55.7K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,114,520
Cap Rate 7%
$796,086
Cap Rate 9%
$619,178
Alternative Uses
Best Use
Apartment 5plus
$796.1K
$696.6K – $928.8K
NOI $55,726 @ 7.0% cap · market cap 7.96%
Second Best
Mixed Use
$711.6K
$622.7K – $830.2K
NOI $49,813 @ 7.0% cap · market cap 7.12%
Theoretical Best
Multifamily LT 5
$1.00M
$877.7K – $1.17M
NOI $70,215 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Bank of America
Shops & Services
6,676 visits/mo
0.4 miles
Family Dollar
Shops & Services
5,376 visits/mo
0.3 miles
Demographics for 02914, RI
22,140
Population
10,082
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
82%
High-School Grad
4.9 sq mi
ZIP Area
4,518
Density / Sq Mi
$60,838
Median Household Income
$43,696
Median Earnings
$1,165
Median Rent
$309,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring a laundromat and residential units.
Where is this mixed-use property located?
The property is located at 686 N Broadway East Providence, RI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Mixed‑use property featuring an established laundromat and 6 rental units.; Laundromat equipped with **31 washers and 23 dryers.**; Steady rental income** from long‑term tenants.
