Well-Kept Multifamily Corner
For Sale
$760,000
Pending
162 Prairie Avenue, Providence, RI 02905
Well maintained multifamily on a quiet corner lot with parking for up to eight vehicles and coin-op laundry in the basement.
Property Size5,275 SF
Days on Market35
Property Features for 162 Prairie Avenue
General Information
Standard status
Pending
Size
5,275 SF
Total Parking Spaces
8
Property subtype
Multifamily
Amenities
coin-operated washer and dryer
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Realty Quarters
(401) 258-8300
Listed By:
Anna Phrasathane
Source:
Lockandkeyre
Added: Jul 8
Changed: Aug 8
Last Checked: Jul 26 at 1:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Quarters
Investment Insights
Based on property information with market context.
This well maintained multifamily property is set on a quiet corner lot and includes ample parking for up to eight vehicles. The roof is approximately 2 years old, and the front and back stair hallways have been freshly painted. A lead compliance certificate is available, and the seller states a Certificate of Lead Conformance for both the full interior and exterior. The building also features a community coin-op washer and dryer located in the basement. The property is being sold as-is.
Tenants are currently in place with leases, and the seller reports that both owner and tenants have been taking care of the property. The inspection date was 11/17/2025 with an expiration date of 11/17/2027. The location is described as minutes from schools, parks, churches, shopping, hospital/medical offices, highways, and downtown Providence.
Tenants are currently in place with leases, and the seller reports that both owner and tenants have been taking care of the property. The inspection date was 11/17/2025 with an expiration date of 11/17/2027. The location is described as minutes from schools, parks, churches, shopping, hospital/medical offices, highways, and downtown Providence.
Key Highlights
- Well maintained multifamily on a quiet corner lot with parking for up to 8 vehicles
- Roof is 2 years old
- Front and back stair hallways have been freshly painted
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,424
Businesses Nearby
Explore this area
Business Placement
Demographics for 02905, RI
26,334
Population
10,361
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
77%
High-School Grad
3.7 sq mi
ZIP Area
7,117
Density / Sq Mi
$57,126
Median Household Income
$36,799
Median Earnings
$1,103
Median Rent
$322,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Well maintained multifamily on a quiet corner lot with parking for up to eight vehicles and coin-op laundry in the basement.
Where is this apartment building located?
The property is located at 162 Prairie Avenue Providence, RI.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Well maintained multifamily on a quiet corner lot with parking for up to 8 vehicles; Roof is 2 years old; Front and back stair hallways have been freshly painted
