122 Lowell Avenue, Providence, RI 02909 - Photo 1

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$1,350,000

For Sale
Active
Commercial Multi-Family

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Property Description

Well-maintained 8-unit multifamily property in a prime Providence location offering a strong investment opportunity. The building features a desirable unit mix of four 1-bedroom and four 2-bedroom apartments, appealing to a wide range of tenants. Huge parking lot for about 28 cars. Ideally situated with convenient access to shopping, dining, and everyday essentials, the property is just minutes from the vibrant neighborhoods of Federal Hill and Olneyville, known for their diverse restaurants, cafes, and local businesses. Downtown Providence is a short drive away, providing entertainment, nightlife, and cultural attractions. Commuters will appreciate easy access to Route 6 and Interstate 95. The property is also close to Rhode Island Hospital and Hasbro Children's Hospital, as well as major educational institutions including Providence College, Rhode Island College, and Johnson & Wales University. Nearby parks such as Donigian and Merino Park offer outdoor recreation. Easy access to public transportation and T.F. Green Airport adds to the property's appeal.

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Full Property Details

Full Property Details for 122 Lowell Ave

General

Price: $1,350,000
Taxes: $22,472 (2025)
Status: Active
Type: Commercial Multi-Family
Source: STWMLS
MLS ID: 1409289
Updated: 4/7/2026
Added to Site: 7 day(s) ago

Business

Business Type: Residential

Parking

Total Spaces: 28

Location

County: Providence

Utilities

Sewer: Connected
Utility Description: Sewer Connected

Structural Information

# Buildings: 1
Structure Type: Multi Family
Detached/Attached: Detached
Construction: Frame
Stories/Levels: 0
Year Built: 1910

Lot Features

Lot Size (Sq. Ft.): 19,166
Lot Size: 19166
Frontage: City Street

Financial Considerations

Tax Amount: $22,472
Tax Year: 2025

Disclosures and Reports

Property ID: 122126LOWELLAVPROV
Lot Number: 237

Listed by Century 21 Limitless

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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 ATTOM Data Solutions 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

4/07/2026

Listed

$1,350,000

50%

MLS

2/09/2026

Sold

$900,000

—

Public Record

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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

—

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

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122 Lowell Avenue, Providence, RI 02909 (MLS# 1409289) is a Commercial Multi-Family property. 122 Lowell Avenue is currently listed for $1,350,000 and was received on April 07, 2026. Want to learn more about 122 Lowell Avenue? Do you have questions about finding other Commercial Multi-Family 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