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$900,000
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Property Description
Prime investment opportunity! 8-Unit residential building in the Silver Lake area of Providence. This fully occupied building offers consistent rental income and long-term potential. 4 one-bedroom apartments and 4 two-bedroom apartments. Ample on-site parking with 28 dedicated parking spaces (14 on each side of the building). Eligible for condo conversion, adding significant upside potential. Roof was replaced just 7 years ago and electric heat is featured throughout the building. Owner currently rents out parking spaces to nearby tenants as well. With a stable cash flow this property is an excellent opportunity for both seasoned investors and those looking to expand their portfolio. Don't miss the chance to own a solid income-producing asset in one of Providence's most established residential communities.
Full Property Details
Full Property Details for 122 Lowell Ave
General
- Sold For: $900,000
- Taxes: $22,471 (2025)
- Status: Closed
- Type: Commercial
- Source: STWMLS
- MLS ID: 1395451
- Added to Site: 167 day(s) ago
Business
- Business Type: Commercial
Parking
- Total Spaces: 28
Location
- County: Providence
Utilities
- Sewer: Public Sewer
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Stories/Levels: 0
- Year Built: 1910
Lot Features
- Lot Size (Sq. Ft.): 19,200
- Lot Size: 19200
- Frontage: City Street
Financial Considerations
- Tax Amount: $22,471.8
- Tax Year: 2025
Disclosures and Reports
- Property ID: 122126LOWELLAVPROV
- Lot Number: 237
Listed and Sold by RentProv Realty
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Schools
Schools serving 122 Lowell Ave
School District:Providence School District
| Name | Grades | Distance |
|---|---|---|
Frank D. Spaziano Annex Elementary School 240 Laban Street, Providence, RI 02909 | K-1 | 0.2 mi |
Frank D. Spaziano Elementary School 85 Laurel Hill Avenue, Providence, RI 02909 | 2-5 | 0.3 mi |
Webster Avenue School 191 Webster Avenue, Providence, RI 02909 | K-5 | 0.5 mi |
Governor Christopher Delsesto Middle School 152 Springfield Street, Providence, RI 02909 | 6-8 | 0.6 mi |
Gilbert Stuart Middle School 188 Princeton Avenue, Providence, RI 02907 | 6-8 | 1.7 mi |
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908 | 6-8 | 2.1 mi |
Dr. Jorge Alvarez High School 375 Adelaide Avenue, Providence, RI 02907 | 9-12 | 1.9 mi |
Mount Pleasant High School 434 Mount Pleasant Avenue, Providence, RI 02908 | 9-12 | 1.9 mi |
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 122 Lowell Ave
Date
Details
Price
Change
Source
2/10/2026
Sold
$900,000
-14.29%
MLS
10/16/2025
Price Reduced
$1,050,000
-19.23%
MLS
9/17/2025
Listed
$1,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
122 Lowell Avenue, Providence, RI 02909 (MLS# 1395451) is a Commercial property that was sold at $900,000 on February 10, 2026. Want to learn more about 122 Lowell Avenue? Do you have questions about finding other Commercial real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

