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9-Unit Two-Building Apartment Property
For Sale
$2,750,000

8 Cole Avenue, Providence, RI 02906

Multifamily asset with private outdoor areas, coin-operated laundry, and off-street parking near Wayland Square.

Property SizeContact for details
Days on Market18

Property Features for 8 Cole Avenue

General Information

Standard status Active
Property subtype Multi-family

Units

Unit Mix 9 x 2BR/1BA
Multifamily Units 9

Amenities

coin-operated laundry

Building Details

Year Built 1910
Buildings 2
Listing Agency: Residential Properties Ltd.
Listed By: Stephen Gaskin · License #RES.0048283
Source: Residentialproperties
Added: Sep 9 Changed: Sep 24 Last Checked: Sep 24 at 9:53AM

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 Residential Properties Ltd.

Investment Insights

Based on property information with market context.

This 9-unit apartment property at 8 Cole Avenue comprises two separate buildings constructed in 1910. The larger brick structure contains six 2-bedroom, 1-bath residences, while the second building adds three more 2-bedroom, 1-bath units. Private outdoor space accompanies each residence in the larger building, and the second-floor apartment in the smaller building includes a private balcony. Interior features include hardwood flooring and newer appliances.

Both buildings provide coin-operated laundry for residents, and the property includes ample off-street parking. The East Side setting places the apartments near Wayland Square, Blackstone Boulevard, Hope Village, restaurants, shops, and parks. The combination of multiple residential units, outdoor areas, laundry facilities, and parking provides a substantial multifamily configuration in an established Providence location.

Key Highlights

  • 9 total apartments across two separate buildings
  • Six 2‑bedroom, 1‑bath units in the larger brick building
  • Three additional 2‑bedroom, 1‑bath apartments in the second building

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Plumbing Service Carpet & Flooring Store Storage Facility (Bike/Boat/Book/etc) Store

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

9
Residential units

Location Intelligence

Trade Area within ½ mile

1,606
Businesses Nearby

Demographics for 02906, RI

25,559
Population
13,468
Households
1.9
Avg Household Size
35
Median Age
80%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
8,245
Density / Sq Mi
$102,796
Median Household Income
$57,214
Median Earnings
$1,729
Median Rent
$582,700
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily asset with private outdoor areas, coin-operated laundry, and off-street parking near Wayland Square.
Where is this apartment building located?
The property is located at 8 Cole Avenue Providence, RI.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 9 total apartments across two separate buildings; Six 2‑bedroom, 1‑bath units in the larger brick building; Three additional 2‑bedroom, 1‑bath apartments in the second building
More about this property
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