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    178-184 Bowen St Providence, RI 02906

    New
    For Sale
    $2,175,000

    Commercial Sale - Providence, RI

    Property size:
    7,481 SF
    Lot size:
    0.26 Acres
    Days on Market:
    7
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 178-184 Bowen St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-1
    APN
    574057
    Size
    7,481 SF
    Lot size
    0.26 Acres

    Building Details

    Year built
    1885
    Architectural style
    Other

    Keller Williams Elite

    Listing agent Pilar Colleran (508) 695-4545

    Listing date Nov 29, 2025

    MLS# 73445720 Listing URL

    Copyright © 2025 MLS Property Information Network 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

    Five-Unit Portfolio in College Hill

    This is an opportunity to own five fully-leased condos in College Hill, a high-demand neighborhood of Providence. The turnkey portfolio offers consistent cash flow and is located within walking distance of Brown University, Rhode Island School of Design (RISD), and Downtown Providence. The property includes three available parking spots. The lot size is 0.26 acres, and the property size is 7481 square feet. The zoning is R-1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Building Supply Daycare Center Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.403554
    Latitude
    41.830858

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    FAQs

    What type of property is this?
    Apartment building - Fully leased condos near Brown, RISD, and Downtown Providence.
    Where is this apartment building located?
    The property is located at 178-184 Bowen St Providence, RI.
    What is the asking price?
    The asking price for this property is $2,175,000.
    What are key features of this property?
    This property features: - Rare 5-unit investor opportunity.; - Five fully-leased condos offer consistent and reliable cash flow.; - Turnkey portfolio: a plug-and-play investment opportunity.
    (508) 695-4545
    Request Owner's contact information
    178-184 Bowen St Providence, RI 02906
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    Providence, RI 02906
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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
    178-184 Bowen St Providence, RI 02906
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