Mixed-Use Property with Flexible
For Sale
$500,000
786 Eddy Street, Providence, RI 02905
Residential Income, Providence, RI
Property Size1,968 SF
Lot Size0.05 Acres
Price / SF$254.07
Days on Market18
Property Features for 786 Eddy Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Basement
Parking
3
Parking features
None
Interior features
Wall (Dry Wall), Attic, Stairs, Plumbing (Mixed), Insulation (Unknown)
Basement
Full, Storage Space, Unfinished
Lot features
Corner Lot
Standard status
Active
Size
1,968 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5042
Utilities
Heating system
Natural Gas, Baseboard
Building Details
Year built
1968
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Laminate
Building materials
Dry Wall, Vinyl Siding
Listing Agency:
Westcott Properties
(401) 421-5300
Listed By:
Herland Cabrera · License #RES.0046665
(401) 837-5601
Added: Sep 18
Changed: Sep 29
Last Checked: Oct 5 at 1:06PM
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.
Investment Insights
Based on property information with market context.
This mixed-use property at 786 Eddy Street contains 1,968 square feet on a 0.0483-acre lot. The layout includes two bedrooms, three bathrooms, a basement, attic space, stairs, and flexible interior configurations. Interior finishes include drywall, vinyl and laminate flooring, while vinyl siding completes the exterior. Baseboard heating is supplied by natural gas, and the structure was built in 1968.
The property is in Providence near Downtown Providence, Rhode Island Hospital, Hasbro Children's Hospital, Johnson & Wales University, and the South Providence business corridor. Access is available to I-95, Route 6, Route 10, and public transit routes. Parking is not provided on site.
The property is in Providence near Downtown Providence, Rhode Island Hospital, Hasbro Children's Hospital, Johnson & Wales University, and the South Providence business corridor. Access is available to I-95, Route 6, Route 10, and public transit routes. Parking is not provided on site.
Key Highlights
- 1,968‑square‑foot mixed‑use property at 786 Eddy Street
- 0.0483‑acre lot in Providence, RI 02905
- Two bedrooms, three bathrooms, basement, and attic
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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-bedroom, three-bathroom property with basement space, natural gas heating, and access to public transit.
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‑foot mixed‑use property at 786 Eddy Street; 0.0483‑acre lot in Providence, RI 02905; Two bedrooms, three bathrooms, basement, and attic
