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Multifamily Property with Updated Kitchens
For Sale
$499,000

509 Union Avenue, Providence, RI 02909

Multi-unit property with flexible bedrooms, hardwood and tile flooring, and stainless-steel kitchen appliances.

Property SizeContact for details
Days on Market45

Property Features for 509 Union Avenue

General Information

Standard status Active
Property subtype Multi-family

Building Details

Year Built 1922
Tenancy Multi
Listing Agency: Century 21 Limitless
Listed By: Jose Duce Rocher · License #RES.0045130
Source: Milburyre
Added: Sep 4 Changed: Oct 16 Last Checked: Oct 16 at 9:34AM

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 Century 21 Limitless

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Investment Insights

Based on property information with market context.

Built in 1922, this multifamily property includes separate living spaces with distinct layouts and multiple bedrooms. Interior features include hardwood and tile flooring, updated kitchens with white cabinetry, stainless-steel appliances, subway tile backsplashes, and substantial cabinet storage. The classic exterior complements the practical residential configuration.

The property is located at 509 Union Avenue in Providence, near local shops, restaurants, schools, transportation, and everyday amenities. Its varied room layouts provide flexibility within the individual units for residents, guests, or investment use.

Key Highlights

  • Multifamily property built in 1922
  • Separate units with distinct layouts
  • Updated kitchens with white cabinetry and stainless‑steel appliances

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Parking Lot & Garage HVAC Service 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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

785
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Multi-unit property with flexible bedrooms, hardwood and tile flooring, and stainless-steel kitchen appliances.
Where is this multifamily property located?
The property is located at 509 Union Avenue Providence, RI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Multifamily property built in 1922; Separate units with distinct layouts; Updated kitchens with white cabinetry and stainless‑steel appliances
More about this property
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