Multifamily

Providence, RI Multifamily Properties for Sale

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Two-Unit Multifamily Property
Updated: Jun 26
Two-Unit Multifamily Property

2 Young Avenue, Providence, RI 02908

$515,000
2,750 sqft 0.06 AC lot
2‑family multi‑family at 2 Young Avenue, Providence, RI
Unit 1: 2 bedrooms and 1 full bath
Unit 2: 4 bedrooms and 2 full baths
Total living area: 1,924 sqft
New roof installed in 2024
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2 Young Avenue, Providence, RI 02908

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Two-Unit Residential Income Duplex
Updated: Jun 2
Two-Unit Residential Income Duplex

78 Grotto Avenue, Providence, RI 02906

$925,000
3,083 sqft 0.09 AC lot
2‑family home with year built 1913, located at 78‑80 Grotto Avenue in Providence’s Eastside Grotto neighborhood
Wood‑burning fireplace in each unit plus hardwood and ceramic tile flooring
Front and back porches, with two 2nd‑story balconies
Both units have private entrances with original doors and glass
Utilities include public water; heating systems are steam and oil
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Quadplex with Spacious Townhouse-Style Units
Quadplex with Spacious Townhouse-Style Units

872 Branch Avenue, Providence, RI 02904

$1,179,000
5,472 sqft 0.15 AC lot

Newly built 2023 quadplex offering four spacious 3-bedroom units with central HVAC and dedicated parking.

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Remodeled Two-Family Residence
Remodeled Two-Family Residence

46 Ponagansett Avenue, Providence, RI 02909

$559,000
2,152 sqft 0.10 AC lot

Remodeled two-family home with two 2-bedroom units, separate utilities, off-street parking, and a private backyard.

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Mixed-Use Retail and Townhome Property
Mixed-Use Retail and Townhome Property

248 Hawkins Street, Providence, RI 02904

$889,900
4,500 sqft

Extensively renovated mixed-use building with two ground-floor storefronts and two townhouse-style apartments above.

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Oversized Two-Family Residence
Oversized Two-Family Residence

981 Smith Street, Providence, RI 02908

$899,900
3,080 sqft 0.12 AC lot

Oversized two-family with two 3-bedroom units, each with a bonus room and off-street parking.

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Elmhurst/PC Area Multi-Family Home
Elmhurst/PC Area Multi-Family Home

72 Academy Avenue, Providence, RI 02908

$625,000
4,696 sqft 0.07 AC lot

Well-maintained 3-family home in desirable Providence location.

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Well-Maintained Two-Family Residence
Well-Maintained Two-Family Residence

243 Killingly Street, Providence, RI 02909

$624,999
5,840 sqft 0.13 AC lot

Two-family residence with spacious units and off-street parking in Providence’s R-1 zoning.

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Mixed-Use Building with Restaurant
Mixed-Use Building with Restaurant

374 Wickenden Street, Providence, RI 02903

$1,650,000
4,525 sqft

Fully rented mixed-use building with restaurant in prime location.

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Three-Family Residential Income Property
Three-Family Residential Income Property

792 Atwells Avenue, Providence, RI 02909

$935,000
3,284 sqft 0.22 AC lot

Three residential units with additional basement apartments provide multiple income-producing configurations.

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Four-Unit Multifamily Residence
Four-Unit Multifamily Residence

53 Fairmount Avenue, Providence, RI 02908

$649,900
2,340 sqft 0.07 AC lot

Well-maintained fourplex offers two 1-bedroom and two 3-bedroom units with off-street parking.

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Brick Multifamily Apartment Buildings
Brick Multifamily Apartment Buildings

777 Admiral Street, Providence, RI 02908

$3,750,000
15,272 sqft 0.42 AC lot

Renovated apartment buildings with multiple unit types and extensive system upgrades, supported by ample off-street parking.

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Updated Two-Family Residence
Updated Two-Family Residence

346 Douglas Avenue, Providence, RI 02908

$549,900
1,704 sqft 0.05 AC lot

Two updated 2-bedroom, 1-bath units offer flexible ownership with income potential and low exterior maintenance.

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Three-Unit Residential Income Property
Three-Unit Residential Income Property

61 Douglas Avenue, Providence, RI 02908

$650,000
3,552 sqft 0.07 AC lot

Well-maintained three-family home with three spacious units and a full unfinished basement for storage and laundry convenience.

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Value-Add Multifamily with Buildable Lot
Value-Add Multifamily with Buildable Lot

513 Charles Street, Providence, RI 02904

$999,000
3,550 sqft

Six-unit property with newer roof, windows, and rear parking on an additional buildable lot.

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Two-Building Multifamily Investment
Two-Building Multifamily Investment

156 Bridgham Street, Providence, RI 02909

$1,200,000
6,457 sqft 0.14 AC lot

Two buildings on one lot include a 3-family and a tenant-occupied single-family home with off-street parking.

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Well-Maintained 3-Family Property
Well-Maintained 3-Family Property

26 Frederick Street, Providence, RI 02908

$799,999
3,300 sqft 0.07 AC lot

Three spacious 3-bedroom, 1-bath units with off-street parking, suited for owner-occupants or investors.

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Six-Unit Multifamily Investment Opportunity
Six-Unit Multifamily Investment Opportunity

528 Charles Street, Providence, RI 02904

$850,000
5,990 sqft

Profitable six-unit building with value-add potential in Providence, RI.

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Brand-New Two-Family Residence
Brand-New Two-Family Residence

39 Douglas Avenue, Providence, RI 02908

$689,900
3,600 sqft 0.07 AC lot

Newly built two-family home with three bedrooms and two baths per unit plus a potential basement ADU.

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East Side Two-Family Home
East Side Two-Family Home

89 Knowles, Providence, RI 02906

$719,999
2,775 sqft

Spacious two-family home on Providence's desirable East Side.

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Turnkey Two-Unit Residential Income Property
Turnkey Two-Unit Residential Income Property

12 Price Street, Providence, RI 02907

$649,900
2,496 sqft 0.05 AC lot

Newly built two-unit property with certificate of occupancy, in-unit layouts, and shared basement laundry hookups.

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12-Unit One-Bedroom Multifamily
12-Unit One-Bedroom Multifamily

94-96 Medway Street, Providence, RI 02906

$2,795,000
9,504 sqft

Twelve one-bedroom units in a separately metered multifamily building near Wayland Square and Providence’s major education employers.

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Income-Producing Mixed-Use Building
Income-Producing Mixed-Use Building

161 Benefit Street, Providence, RI 02903

$6,350,000
9,204 sqft

Multi-use building on Benefit Street near Brown University and RISD.

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Two-Family Residential Income Property
Two-Family Residential Income Property

275 Carpenter Street, Providence, RI 02909

$599,900
1,968 sqft 0.10 AC lot

A two-unit property with recently renovated interiors and off-street parking, offering in-unit laundry in each unit.

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Providence, RI Multifamily Properties Market Trends and Statistics

Explore 158 multifamily properties for sale in Providence, RI, showcased through 158 active listings on our real estate platform. These investment opportunities span a total of 460,508 square feet of properties for sale, with an estimated market value of $115,647,784.

Sale prices for multifamily properties in Providence, RI start at $259,000, averaging $996,963, and reaching up to $6,350,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Duplexes 65
Triplexes 59
Apartment buildings 33
Quadplexes 10
Short term rental properties 4

Demographics Overview

Population 287K
Population Growth (5Y) +3.2%
Median Household Income $72,431
College Educated 45.2%

High-Yield Neighborhoods for Investment

Identify Providence submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
Providence $1M
Johnston $1.8M

Taxes & Financing

Tax Rate (average for all types) 3.73%
Property Tax per SF $21.00 per SF
Tax Rate vs County Average 0.82 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Providence County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Providence fall within the 25,000 to 50,000 square foot range.

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