Listed by Residential Properties Ltd
$2,230,000
191 Nashua Street
Details
Property Type Mixed Use
Units 10
Cap Rate 7.05%
NOI $157,258
Tenancy Multi
Lease Type NNN
Lease Term 10
Lease Expiration 12/31/2035
Remaining Term 10
Rent Bumps Yes
Year Renovated 2024
Buildings 2
Acreage 0.220
Zoning C2
Parking Spaces 10 spaces
Investment Type Net Lease
Lease Commencement 01/01/2026
Ground Lease No
Mixed Use | 7.05% CAP
Marketing description
191 Nashua Street is a mixed-use property in Providence, Rhode Island featuring three residential units and one commercial tenant. The property generates a total annual income of $176,400 from residential rents totaling $5,200 per month and commercial income of $9,500 per month. With a net operating income of $157,258 and an asking price of $2,230,000, this property offers a 7.05% cap rate investment opportunity. The commercial tenant is a national tenant (150+ locations in 15 states) less than one year into a 10 year, NNN lease term.
Investment highlights
- Total Annual Income $176,400
- Net Income $157,258
- 7.05% Cap Rate
- Three residential units generating $5,200 monthly
- Commercial tenant generating $9,500 monthly
- 67.5% of expenses paid by commercial tenant
Listing Contacts
Listed by Residential Properties Ltd
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$157,258.00
$13,104.83/mo
Valuation Metrics
0
DSCR
7.05%
Cap Rate
7.05%
ROI
Map
Zoning
C-2 CommercialGeneral CommercialGeneral Commercial District
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View all 127 uses
View all 127 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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