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8-Unit Apartment Building
For Sale
$1,300,000

122 Lowell Avenue, Providence, RI 02909

Commercial/Business,Commercial Sale, Providence, RI

Property SizeContact for details
Lot Size0.44 Acres
Days on Market20

Property Features for 122 Lowell Avenue

General Information

Property type Commercial Sale
Property subtype Other
Parking 28
Lot features Urban
Standard status Active
Lot size 0.44 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 22472

Building Details

Year built 1910
Building materials Frame
Listing Agency: Century 21 Limitless · Century 21 Real Estate
Listed By: Kyle Seyboth · License #32535
Added: Aug 5 Changed: Aug 19 Last Checked: Aug 24 at 9:06PM
MLS# 1419911

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 Providence multifamily property contains eight apartments in a frame building constructed in 1910. The unit mix includes four one-bedroom residences and four two-bedroom residences, supported by a parking area accommodating about 28 cars. The property occupies 0.44 acres at 122 Lowell Avenue.

Residents have access to shopping, dining, and everyday services, with Federal Hill and Olneyville nearby for restaurants, cafes, and local businesses. Downtown Providence is a short drive away. Route 6 and Interstate 95 provide regional connectivity, while Rhode Island Hospital, Hasbro Children’s Hospital, Providence College, Rhode Island College, and Johnson & Wales University are also in the surrounding area. Public transportation and T.F. Green Airport add further transportation access.

Key Highlights

  • Eight‑unit apartment building on 0.44 acres
  • Unit mix includes four 1‑bedroom and four 2‑bedroom apartments
  • Parking area accommodates about 28 cars

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm HVAC Service Kitchen & Bath Showroom Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

844
Businesses Nearby

Demographics for 02909, RI

46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Frame multifamily property with an even mix of one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 122 Lowell Avenue Providence, RI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Eight‑unit apartment building on 0.44 acres; Unit mix includes four 1‑bedroom and four 2‑bedroom apartments; Parking area accommodates about 28 cars
More about this property
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