Mixed-Use Property with
New
For Sale
$759,900
858 Broad Street, Providence, RI 02907
Commercial/Business,Commercial Sale, Providence, RI
Property Size3,925 SF
Lot Size0.07 Acres
Price / SF$193.61
Days on Market4
Property Features for 858 Broad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking
4
Interior features
Ceiling Height (7 to 9 Ft)
Basement
Full
Subdivision
South Providence
Lot features
Paved, Sidewalks, Urban
Standard status
Active
Size
3,925 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5656
Utilities
Heating system
Baseboard
Water source
Public
Amenities
updated interiors
off-street parking
Building Details
Year built
1910
Floors in Building
3
Number of units
4
Listing Agency:
Era Empire Real Estate
(401) 217-4442
Listed By:
Ashly Monteiro · License #RES.0044144
(401) 588-4101
Added: Oct 2
Last Checked: Oct 5 at 7:06PM
MLS# 1423374
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.
At 858 Broad Street, this 3,925-square-foot mixed-use property contains two commercial storefronts and two three-bedroom apartments. The residential units have updated interiors, and off-street parking is available. The building dates to 1910 and includes a basement, baseboard heating, and ceiling heights of 7 to 9 feet. Public water serves the property, which occupies 0.07 acres.
The property is in Providence, near downtown, major highways, shopping, dining, hospitals, schools, and public transportation.
The property is in Providence, near downtown, major highways, shopping, dining, hospitals, schools, and public transportation.
Key Highlights
- Two commercial storefronts and two three‑bedroom apartments
- 3,925 square feet on a 0.07‑acre lot
- Both apartments have updated interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,532
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,640
$1.2M
Cap Rate 7%
$850,457
$850.5K
Cap Rate 9%
$661,467
$661.5K
Market Conditions
NOI Build-Up for 3,925 SF
Gross rent
$115.4K $29.40/SF
− Vacancy
−$7.2K −$1.82/SF
EGI
$108.2K $27.58/SF
− OpEx
−$48.7K −$12.41/SF
NOI
$59.5K $15.17/SF
Area
Providence, RI
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,640
Cap Rate 7%
$850,457
Cap Rate 9%
$661,467
Alternative Uses
Best Use
Apartment 5plus
$850.5K
$744.2K – $992.2K
NOI $59,532 @ 7.0% cap · market cap 7.83%
Second Best
Retail
$834.8K
$730.4K – $973.9K
NOI $58,433 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,919 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,598
Businesses Nearby
Explore this area
Business Placement
Demographics for 02907, RI
29,827
Population
11,474
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
2.2 sq mi
ZIP Area
13,558
Density / Sq Mi
$49,564
Median Household Income
$32,619
Median Earnings
$1,136
Median Rent
$311,600
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 apartments, each with three bedrooms, accompany the ground-floor commercial spaces.
Where is this mixed-use property located?
The property is located at 858 Broad Street Providence, RI.
What is the asking price?
The asking price for this property is $759,900.
What are key features of this property?
This property features: Two commercial storefronts and two three‑bedroom apartments; 3,925 square feet on a 0.07‑acre lot; Both apartments have updated interiors
