312 Veazie St, Providence, RI 02904-2121
This exceptional mixed-use property at 312 Veazie Street in Providence, Rhode Island, presents a compelling investment opportunity. The 4,040 square foot building, constructed in 1920 and situated on an 8,276 square foot lot, offers a blend of commercial and residential spaces. The first floor, previously a pub, is ready for immediate occupancy and is suitable for retail, bar, or restaurant use; build-out plans are available. The upper two floors comprise two high-quality residential units. The second floor features a three-bedroom, one-bathroom unit with a walk-out deck, stainless steel appliances, and quartz countertops. The third floor offers a seven-bedroom, two-bathroom townhouse-style unit with similar high-end finishes. Both units are ideal for student or professional rentals. The property benefits from updated heating, electrical, and plumbing systems, including a hydro-air gas heating system. A detached three-car garage provides additional income potential or ample parking. Its prime location near Providence College and downtown Providence ensures high tenant demand. This versatile property, with its substantial square footage and multiple income streams, offers significant return potential for investors seeking a mixed-use or fully residential conversion. The asking price is $875,000. This is a truly unique opportunity in a thriving Rhode Island market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
R-3 · Providence, RIProvidence. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.