This is a chance to own (6) 3-bedroom residential units and (1) stand-alone commercial building [1,056 sq. ft. ] with a successful family-owned business that has thrived for decades. Multiple financing options available. Pete's Bait Shop is being sold with a history of success within the fishing community. Inquire for more information on business financials. The (6) residential units each span 1,110 +/- sq. ft, and are currently all rented. Current rents are below market. Proforma rent per unit is conservatively $1,400-1,700 per unit ($100,800-$122,400 annually) with minimal updating needed to obtain these proforma numbers. Not included in our valuation is the 4-bay garage that is large enough for 6 cars, nor does it include income from the existing business. Market rent for the commercial unit is between $2,000-$3,000 per month.
Multi-familyProperty Type
1900Year Built
0.26 acresLot Size
$125Price/Sq.Ft.
6 car garageParking
Listed by Smith & Oak Rhode Island Group• Smith and Oak Real Estate Co.
Bought with Smith & Oak Rhode Island Group• Smith and Oak Real Estate Co.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
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Lot width
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Lot depth
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Lot size
0.26 Acres
Year renovated
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Sq. Ft.
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Year built
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Style
Other
County
Providence County
APN
563811
Parking Spaces
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Accessible
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Garage
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Last updated by owner on Jun 22, 2026.
Aug 15, 2006 • Active
Building permit - old
Remodel
Sep 13, 2005 • Active
Building permit - old
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.