264 Bowen Street, Providence, RI 02906 - Photo 1

1/1

$1,850,000

Sold
Closed
Commercial Residential Facility

1/1

Property Description

Turn-Key College Hill Gem- 5 Apartments and 2 Office spaces with Strong Rental History. Discover a rare investment opportunity in the heart of Providence's vibrant College Hill, directly across from Brown University's athlectic complex! This meticulously maintianed property, renovated and managed by an owner/carpenter, features Five one bedroom apartments and two office spaces, offering immediate income and growth potential. Five Modern Apartments: Each one bed unit boasts granite and stainless kitchens, gleaming hardwood floors central Hvac and access to coin-op laundry.Kept in pristine condition, these apartments have been consistently rented for 12 years to Brown University post grad/allumni with below market rents offering significant upside for future increases. Turn-Key and tailored for quick turnover, these units are ideal for investors or owner- occupants seeking a premium living space. Stable and Flexible Commercial spaces: The main office space is secured by a five-year lease with a reliable long term tenant (12 years and counting)featuring built-in rent increases for steady income. A smaller unoccupied office offers versatility-perfect for a new tenant or for an owner's personal use. Prime Location: Situated in the heart of College Hill, steps from Brown University and local amenities, this property benifits from high demand due to its walkabilty and proximity to campus and medical facilities.The Location ensures strong tenant interest and excellent visibility.

Full Property Details

Full Property Details for 264 Bowen St

General

Sold For: $1,850,000
HOA FEE: $4,500
Taxes: $25,116 (2025)
Status: Closed
Type: Commercial Residential Facility
Source: STWMLS
MLS ID: 1391984
Added to Site: 183 day(s) ago

Business

Year Established: 2014

Rental Information

Lease Info: Gross

Interior

Furnished: Yes
Furnishings: Furnished

Rooms

Other Rooms

Laundry: Common Area, Laundry Room

Additional Information

Shared Amenities: Business Center, Indoor Pool, Maintenance, Playground, Pool, Recreation Facilities, Restaurant, Recreation Room, Tennis Court(s), Trail(s)
Pool: Yes
Pool Description: Community, Indoor
Tennis: Yes
Security/Safety: Building Security, Carbon Monoxide Detector(s), Fire Alarm, Smoke Detector(s), Security Lights

Parking

Total Spaces: 9

Location

County: Providence
Subdivision: College Hill
Near Highway: Yes

Community

Units Assoc/Comm: 7

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: 1 Unit, Central Air Conditioning
Heating Type: Central, Gas

Utilities

Sewer: Connected, Storm Sewer
Water: Connected, Public
Cable Available: Yes
Utility Description: Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected

Structural Information

# Buildings: 1
Structure Type: Apartment
Detached/Attached: Detached
Basement: Yes
Basement Desc.: Full
Stories/Levels: 3
Building Size: 4570
Finished Total: 4,570 Sq. Ft.
Finished Above Grnd: 4,570 Sq. Ft.
Year Built: 1890

Unit Information

Vacancy %: 1

Lot Features

Lot Size (Sq. Ft.): 6,534
Lot Size: 6534
Street Lights: Yes
Sidewalks: Yes
Lot Features: Historic District
Potential Use: Multi-Family, Mixed Use

Financial Considerations

Maint. Fee/Month: $4,500
Tax Amount: $25,116
Tax Year: 2025
Owner Pays: Exterior Maintenance, Grounds Care, HVAC Maintenance, Insurance, Janitorial Service, Management
Tenant Pays: All Utilities

Disclosures and Reports

Property ID: 264BOWENSTPROV
Lot Number: 111

Listed by McCarthy's Realty
Sold by eXp Realty

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— 264 Bowen St —

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Schools

Schools serving 264 Bowen St

School District:Providence School District

Name	Grades	Distance
Martin Luther King El. School 35 Camp Street, Providence, RI 02906	K-5	0.5 mi
Vartan Gregorian El. School 455 Wickenden Street, Providence, RI 02903	PK-5	0.9 mi
Harry Kizirian Elementary School 60 Camden Avenue, Providence, RI 02908	K-5	1.5 mi
Nathan Bishop Middle School 101 Sessions Street, Providence, RI 02906	6-8	0.7 mi
Esek Hopkins Middle School 480 Charles Street, Providence, RI 02904	6-8	1.6 mi
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908	6-8	1.7 mi
Hope High School 324 Hope Street, Providence, RI 02906	9-12	0.3 mi
Classical High School, Providence, RI 770 Westminster Street, Providence, RI 02903	9-12	1.4 mi
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903	9-12	1.5 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 264 Bowen St

Date

Details

Price

Change

Source

1/30/2026

Sold

$1,850,000

-9.76%

MLS

8/05/2025

Listed

$2,050,000

—

MLS

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

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264 Bowen Street, Providence, RI 02906 (MLS# 1391984) is a Commercial Residential Facility property that was sold at $1,850,000 on January 30, 2026. Want to learn more about 264 Bowen Street? Do you have questions about finding other Commercial Residential Facility real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

264 Bowen St Providence, RI 02906