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    162 Oakland Ave Providence, RI 02908

    Sponsored
    For Sale
    $749,900

    MULTI_FAMILY - Providence, RI

    Type:Apartment
    Lot size:
    0.09 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 7 at 5:06 pm

    Property Features for 162 Oakland Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3
    Bedrooms
    6
    Bathrooms
    3
    Parking
    4
    Interior features
    Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
    Appliances
    Gas Water Heater, Dryer, Oven/Range, Refrigerator, Washer
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1920
    Floors in Building
    3
    Number of units
    3
    Flooring type
    Hardwood
    Building materials
    Plaster, Vinyl Siding

    Broadway RE Group LLC (401) 255-5530 [email protected]

    Listing agent Doug Jeffrey (401) 255-5530

    Listing date Jan 6, 2026

    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.

    Overview

    Providence Multifamily Investment Opportunity

    Located in the Smith Hill neighborhood of Providence, Rhode Island, the property at 162-164 Oakland Avenue presents a multifamily investment opportunity. The property is a triplex, suitable as a residential income property. It is situated minutes from Providence College. The property is currently leased and professionally managed, providing immediate and stable income. On-site parking is available. The location benefits from consistent rental demand due to its proximity to Providence College, major routes, and neighborhood amenities. The lot size is 0.0895 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.429705
    Latitude
    41.838759

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    FAQs

    What type of property is this?
    Triplex - Leased triplex near Providence College, offering immediate income.
    Where is this triplex located?
    The property is located at 162 Oakland Ave Providence, RI.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: - Leased student rental property providing immediate and stable income.; - Ideally located in the desirable Smith Hill neighborhood, minutes from Providence College.; - Professionally managed, turn-key investment opportunity.
    (401) 255-5530
    Request Owner's contact information
    162 Oakland Ave Providence, RI 02908
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    Providence, RI 02908
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    162 Oakland Ave Providence, RI 02908
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