Corner Mixed-Use
771 Hope Street Providence, RI 02906
For Sale
$2,175,000
MULTI_FAMILY - Providence, RI
Property Size7,820 SF
Lot Size0.11 Acres
Price / SF$278.13
Days on Market108
Property Features for 771 Hope Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C2
Bedrooms
5
Bathrooms
7
Rooms
Bathroom 6, Bathroom 2, Bathroom 1, Basement, Bathroom 7, Bathroom 9, Bathroom 8, Bedroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 5, Bathroom 3, Bedroom 3
Parking features
None
Basement
Unfinished, Full
Appliances
Gas Water Heater
Standard status
Active
Size
7,820 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
32885
Utilities
Heating system
Baseboard, Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1930
Floors in Building
4
Number of units
3
Flooring type
Laminate, Tile - Ceramic, Hardwood
Building materials
Brick, Wood
Listing Agency:
Residential Properties Ltd.
(401) 274-6740
Listed By:
Stephen Gaskin · License #RES.0048283
(508) 991-0151
Added: Apr 14
Changed: Jul 28
Last Checked: Jul 30 at 5:06AM
MLS# 1409701
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.
Investment Insights
Based on property information with market context.
771–773 Hope Street and 75–79 Burlington Street are offered together on a single parcel as a mixed-use, corner property. The ground-level corner space is a restaurant with a full bar and an expansive, adaptable layout. Along Burlington Street, there are three additional commercial spaces occupied by a tailor, a pet groomer, and a tattoo studio.
Above the commercial component are four residential units: three one-bedroom, one-bath units and one two-bedroom, two-bath unit. The property is zoned C2 and is offered as real estate only.
The asset totals 7,820 square feet and provides both neighborhood-serving retail frontage and residential income under one ownership structure.
Above the commercial component are four residential units: three one-bedroom, one-bath units and one two-bedroom, two-bath unit. The property is zoned C2 and is offered as real estate only.
The asset totals 7,820 square feet and provides both neighborhood-serving retail frontage and residential income under one ownership structure.
Key Highlights
- Offered as real estate only: 771‑773 Hope St and 75‑79 Burlington St on a single parcel
- Ground‑level corner restaurant at Hope & Burlington with a full bar and expansive, adaptable layout
- Three additional commercial spaces on Burlington St occupied by a tailor, pet groomer, and tattoo studio
Financial Insights For Specialty Retail
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 | $192.4k | $24.60 |
| − Vacancy | −$7.3k | −$0.93 |
| EGI | $185.1k | $23.67 |
| − OpEx | −$46.3k | −$5.92 |
| NOI | $138.8k | $17.75 |
7,820 SF · lease $24.60/SF/yr · vacancy 3.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,796 @ 7.0% cap · market cap 6.38%
Second Best
Multifamily LT 5
$1.89M
$1.65M – $2.20M
NOI $132,049 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$2.62M
$2.29M – $3.05M
NOI $183,135 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor restaurant with full bar, plus three inline commercial spaces and four residential units on a single parcel.
Where is this mixed-use property located?
The property is located at 771 Hope Street Providence, RI.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: Offered as real estate only: 771‑773 Hope St and 75‑79 Burlington St on a single parcel; Ground‑level corner restaurant at Hope & Burlington with a full bar and expansive, adaptable layout; Three additional commercial spaces on Burlington St occupied by a tailor, pet groomer, and tattoo studio
