Mixed-Use
786 Eddy Street, Providence, RI 02905
For Sale
$500,000
Residential Income, Providence, RI
Property Size1,968 SF
Lot Size0.05 Acres
Price / SF$254.07
Days on Market54
Property Features for 786 Eddy Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Parking features
Interior features
Basement
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Listing Agency:
Westcott Properties
(401) 421-5300
Listed By:
Herland Cabrera · License RI RES.0046665
(401) 837-5601
Added: Sep 18
Changed: Oct 27
Last Checked: Nov 10 at 7:06AM
MLS# 1422946
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.
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Investment Insights
Based on property information with market context.
At 786 Eddy Street, this mixed-use property contains 1,968 square feet on a 0.0483-acre lot. The room list identifies three bedrooms, four bathrooms, and a basement. Interior finishes include laminate and vinyl flooring, with vinyl siding outside. The building dates to 1968 and has baseboard heating fueled by natural gas.
The property is in Providence, with I-95, Route 6, Route 10, and public transit routes identified as nearby transportation options. Rhode Island Hospital, Hasbro Children's Hospital, Johnson & Wales University, and downtown Providence are also cited in the surrounding area.
The property is in Providence, with I-95, Route 6, Route 10, and public transit routes identified as nearby transportation options. Rhode Island Hospital, Hasbro Children's Hospital, Johnson & Wales University, and downtown Providence are also cited in the surrounding area.
Key Highlights
- 1,968 square feet on a 0.0483‑acre lot
- Three bedrooms and four bathrooms
- Built in 1968
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,232
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,640
$664.6K
Cap Rate 7%
$474,743
$474.7K
Cap Rate 9%
$369,244
$369.2K
Market Conditions
NOI Build-Up for 1,968 SF
Gross rent
$50.8K $25.80/SF
− Vacancy
−$3.3K −$1.68/SF
EGI
$47.5K $24.12/SF
− OpEx
−$14.2K −$7.24/SF
NOI
$33.2K $16.89/SF
Area
Providence, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,640
Cap Rate 7%
$474,743
Cap Rate 9%
$369,244
Alternative Uses
Best Use
Multifamily LT 5
$474.7K
$415.4K – $553.9K
NOI $33,232 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$426.4K
$373.1K – $497.5K
NOI $29,850 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$658.4K
$576.1K – $768.1K
NOI $46,088 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,503
Businesses Nearby
Explore this area
Business Placement
Demographics for 02905, RI
26,334
Population
10,361
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
77%
High-School Grad
3.7 sq mi
ZIP Area
7,117
Density / Sq Mi
$57,126
Median Household Income
$36,799
Median Earnings
$1,103
Median Rent
$322,700
Median Home Value
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Market
Average Price Trend$/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 interior includes three bedrooms and four bathrooms across a flexible residential layout.
Where is this mixed-use property located?
The property is located at 786 Eddy Street Providence, RI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,968 square feet on a 0.0483‑acre lot; Three bedrooms and four bathrooms; Built in 1968
