Brick Two-Property Multifamily
134 Irving Avenue Providence, RI 02906
134 Irving Avenue, Providence, RI, 02906
$2,975,000
For Sale
$2,975,000
MULTI_FAMILY - Providence, RI
Property Size8,435 SF
Lot Size0.23 Acres
Price / SF$352.70
Days on Market299
Property Features for 134 Irving Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-3
- Bedrooms
- 17
- Bathrooms
- 9
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 14, Bedroom 15, Bedroom 13, Bedroom 2, Bedroom 9, Bedroom 17, Bathroom 7, Bathroom 3, Bedroom 8, Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 11, Bedroom 10, Bedroom 7, Bathroom 6, Bathroom 8, Bedroom 16, Bedroom 12, Bathroom 1, Bedroom 5, Bathroom 5, Basement, Bedroom 4, Bathroom 9
- Parking
- 11
- Parking features
- None
- Interior features
- Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed)
- Basement
- Full, Unfinished, Storage Space
- Appliances
- Gas Water Heater, Oven/Range, Refrigerator
- Standard status
- Active
- Size
- 8,435 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 39678
Utilities
- Heating system
- Steam, Oil
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Hardwood, Tile - Ceramic
- Building materials
- Dry Wall, Plaster, Brick, Vinyl Siding
Listing Agency
Residential Properties Ltd.
(401) 245-9600
259 County Road, RI
Listed by
Eddie Rayden
(401) 439-7705
Added: Sep 23, 2025 Checked: Jul 18 at 3:06 am
MLS# 1394971
Listing URL
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.
Investment Insights
Based on property information with market context.
This for-sale residential income portfolio includes two separate multifamily homes. 134–138 Irving Avenue is a brick property with six units, each featuring two bedrooms and one bathroom, with either a private porch or deck. 8–10 Cole Street contains three units: two two-bedroom/one-bath units and one one-bedroom/one-bath unit, with the first-floor unit offering a front porch and additional units featuring decks.
Both buildings include their own coin-operated laundry. The property is located in Providence, RI and is zoned R-3.
The units are described as having updated interiors, and hardwood floors are referenced in the living areas. The listing also notes ample off-street parking for residents and proximity to Wayland Square, Blackstone Boulevard, Hope Village, the Lippitt Farmers Market, India Point Park, nearby college campuses, museums, and downtown Providence.
Both buildings include their own coin-operated laundry. The property is located in Providence, RI and is zoned R-3.
The units are described as having updated interiors, and hardwood floors are referenced in the living areas. The listing also notes ample off-street parking for residents and proximity to Wayland Square, Blackstone Boulevard, Hope Village, the Lippitt Farmers Market, India Point Park, nearby college campuses, museums, and downtown Providence.
Key Highlights
- Two separate multi‑family homes: 134–138 Irving (6 units) and 8–10 Cole (3 units).
- 134–138 Irving: 6‑unit brick building with 2 bedrooms and 1 bathroom in each unit; units feature a private porch or deck.
- 8–10 Cole: 3 units with two 2BD/1BA units and one 1BD/1BA unit; unit 1 includes a front porch and unit 2 includes a deck.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $217.6k | $25.80 |
| − Vacancy | −$14.1k | −$1.68 |
| EGI | $203.5k | $24.12 |
| − OpEx | −$61.0k | −$7.24 |
| NOI | $142.4k | $16.89 |
8,435 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.03M
$1.78M – $2.37M
NOI $142,434 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$1.83M
$1.60M – $2.13M
NOI $127,938 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,538 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two separate income buildings offer a 6-unit brick home and a 3-unit mix, each with coin-op laundry and off-street parking.
Where is this apartment building located?
The property is located at 134 Irving Avenue Providence, RI.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: Two separate multi‑family homes: 134–138 Irving (6 units) and 8–10 Cole (3 units).; 134–138 Irving: 6‑unit brick building with 2 bedrooms and 1 bathroom in each unit; units feature a private porch or deck.; 8–10 Cole: 3 units with two 2BD/1BA units and one 1BD/1BA unit; unit 1 includes a front porch and unit 2 includes a deck.
