Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    178 Bowen St Providence, RI 02906

    For Sale
    $2,175,000

    Apartment,Commercial,Multi Family - Providence, RI

    Property size:
    7,481 SF
    Lot size:
    0.26 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 178 Bowen St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R1
    Exterior features
    Historic
    Size
    7,481 SF
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Expense value
    2500
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Building Details

    Year built
    1885
    Number of units
    5
    Building materials
    Brick
    Architectural style
    Other

    Keller Williams No Attleboro (508) 695-4545

    Listing agent Pilar Colleran (508) 695-4545

    Listing date Nov 11, 2025

    MLS# 1386302 Listing URL

    Copyright © 2025 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

    Five-Unit Investment Opportunity in Providence

    This is an opportunity to own five fully-leased condos in College Hill, a high-demand neighborhood of Providence. The turnkey portfolio offers consistent and reliable cash flow. The property is within walking distance of Brown University, Rhode Island School of Design (RISD), and Downtown Providence. The property size is 7,481 square feet and sits on a 0.256-acre lot. There are also three available parking spots included with the sale. The zoning is R1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    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
    -71.403449
    Latitude
    41.830941

    Nearby Similar for Sale

    • $2,975,000
      8,435 SF

      Two Multifamily Homes in Providence

      Two multi-family homes with income-generating potential in a desirable location.
      134 Irving Ave, Providence, RI 02906
      View Details
    • $650,000
      4,938 SF

      Spacious Multifamily Home in Providence

      Expansive two-family home in Providence's Elmwood Historic District.
      118 Moore St, Providence, RI 02907
      View Details
    • $899,000
      4,876 SF

      Eastside Providence Multi-Family Investment

      Spacious 3-unit property near Brown University and RISD.
      62 Overhill Rd, Providence, RI 02906
      View Details
    • $899,000
      Pending

      East Side Providence Triplex

      Well-maintained East Side triplex with updated units and strong rental income.
      78 Cypress St, Providence, RI 02906
      View Details
    • $525,000
      Pending

      Providence Two-Family Home Opportunity

      Two-family home in Providence's North End, close to North Providence.
      16 Raphael Ave, Providence, RI 02904
      View Details
    • New
      $1,029,900
      4,072 SF

      East Side Multi-Family Investment

      Legal three-family near Brown University with modern finishes.
      125 Taber Ave, Providence, RI 02906
      View Details

    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 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 investment opportunity in high-demand College Hill.; - Fully-leased condos providing consistent and reliable cash flow.; - Prime location: walking distance to Brown University, RISD, and Downtown Providence.
    (508) 695-4545
    Request Owner's contact information
    178 Bowen St Providence, RI 02906
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    178 Bowen St
    Providence, RI 02906
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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 Bowen St Providence, RI 02906
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.