122 Lowell Avenue, Providence, RI 02909 - Photo 1

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$1,050,000

For Sale
Active
Commercial

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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.

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Full Property Details

Full Property Details for 122 Lowell Ave

General

Price: $1,050,000
Taxes: $22,471 (2025)
Status: Active
Type: Commercial
Source: STWMLS
MLS ID: 1395451
Updated: 12/29/2025
Added to Site: 121 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 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 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/16/2025

Price Reduced

$1,050,000

-19.23%

MLS

9/17/2025

Listed

$1,300,000

—

MLS

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 122 Lowell Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$22,472

92%

$864,300

36%

2024

$11,687

—

$636,900

—

2023

$11,687

$636,900

—

2022

$11,337

-23%

$636,900

60%

2021

$14,654

—

$399,300

—

2019

$14,654

24%

$399,300

2018

$11,790

—

$368,900

—

2017

$11,790

-13%

$368,900

—

2016

$13,539

15%

$368,900

16%

2015

$11,731

—

$319,200

—

2014

$11,731

—

$319,200

—

2013

$11,731

—

$319,200

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 122 Lowell Ave

122 Lowell Avenue, Providence, RI 02909 (MLS# 1395451) is a Commercial property. 122 Lowell Avenue is currently listed for $1,050,000 and was received on September 17, 2025. 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.

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122 Lowell Ave Providence, RI 02909