1158 1172 N Main and 81 Nashua Street Providence, RI 02906

Other MLS #: 1421293 Courtesy Of lenox Realty Group

Property InformationDescription

GENERATIONAL ASSET FOR SALE! A truly rare 4-lot portfolio on Providence's bustling North Main Street corridor. Featuring 2 busy commercial storefronts, two separate 3-family residential homes, 2 additional upper-level 2BR apartments, two garage buildings, and a buildable rear residential parcel-this property offers unparalleled versatility. This property presents many options for a new owner. Option 1 - Operate the existing 8 residential units, 2 commercial spaces, and garage buildings as a stabilized, inflation-hedged rental engine with significant room to push rents via minor cosmetic upgrades. Option 2 - Capitalize on the existing structures for steady holding cash flow while permitting and constructing additional residential density on top of current footprints or on the separate rear lot. Option 3- Zoned C-2 (Community Commercial) and located within Providence's Transit-Oriented Development (TOD) Overlay, the site allows for high-density multi-family housing, medical, office, retail, or mixed-use development by-right. The options are yours but this is a can't miss opportunity with direct access to US-1, I-95, Brown University, and Miriam Hospital ensuring perpetual tenant demand across both commercial and residential components.

Features

  • Age: Over 50 Years Old
  • Amenities: Basement
  • Building Units: 2
  • Cooling System: Central Air
  • Exterior Type: Masonry
  • Exterior Type: Brick
  • Floors: 3
  • Heating System: Baseboard
  • Heating System: Steam
  • Heating System: Central
  • MLSID: 1421293
  • Parking Spaces: 25
  • Rooms: Basement

MAP & DIRECTIONS

Get Directions
1158 1172 N Main and 81 Nashua Street, Providence, RI 02906
View Directions
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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.