771 Hope Street Providence Providence, RI 02906
Prime corner location with restaurant, retail, and residential income.
- Added:
- May 16, 2026
- Days on Market:
- 60
- Last Refresh:
- Jun 28 at 10:58 pm
Property Features for 771 Hope Street Providence
General Information
- Standard status
- Active
- Size
- 7,820 SF
Building Details
- Year Built
- 1930
Listing office (508) 501-1443
Listing date May 16, 2026
Source Milestonerealtyinc
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 Leanne McCormick
Investment Insights
Based on property information with market context.
Key Highlights
- Prime corner location in the heart of Hope Village with exceptional exposure and high foot traffic.
- Ground‑level restaurant space currently leased to a highly anticipated culinary destination (Ciao Ciao).
- Four residential units (3 one‑bedroom, 1 two‑bedroom) providing a strong income stream.
Local 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 |