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Property profile

0 1158 North Providence, RI 02904

OFF-MARKET
Specialty properties
21,304 SF Built 1900
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Property summary

AI-generated overview

Exceptional investment opportunity in North Providence, RI, presenting a lucrative blend of residential and commercial income streams. This expansive 26,303 sq ft property encompasses five buildings totaling 21,304 sq ft, including two three-family homes and multiple commercial units currently generating rental income. The residential units, each boasting full kitchens, pantry nooks, and basement washer/dryer hookups, are fully occupied. The commercial spaces, currently utilized for retail and studio purposes, are also fully leased. Two additional, decommissioned two-bedroom apartments offer significant upside potential for increased rental income. Conveniently located near US-1, Miriam Hospital, and Brown University, this property benefits from high visibility and accessibility, further enhanced by its prominent Shepard Fairey billboard. The property also includes an ample overflow parking lot and detached garages, providing additional revenue streams. The assessed value reflects the combined value of 1158, 1166, 1172 N Main and 81 Nashua Street. Detailed unit information, approximate square footage, and financial data are available upon request. This unique offering presents a rare chance to acquire a well-established, high-performing mixed-use portfolio in a desirable Rhode Island location. Nine units in total are included in this offering. The property was built in 1900.

Property profile

Verified
Property type Specialty properties
Year built 1900
Total area 21,304 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1158 North Providence, RI 02904
North Providence metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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