8 Cole Avenue Providence, RI $ 2,750,000
8 Cole Avenue
$ 2,750,000
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8 Cole Avenue

Providence, RI, 02906
$ 2,750,000
Bedrooms-- Baths-- Sq 8,738

Monthly Estimate*

$ 17,364

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Commercial Property for sale in Providence, RI

for $2,750,000. This 8,738 square foot building was built in 1910.

Set on a stately corner lot in one of Providence's most desirable East Side locations, this distinctive 9-unit offering spans two separate buildings and presents a rare opportunity to acquire a sizable multifamily property just minutes from Wayland Square. The larger brick building along Irving Street is comprised of six 2-bedroom, 1-bath residences, each with its own private outdoor space. The units feature hardwood floors, newer appliances and a strong history of tenant occupancy, offering comfortable layouts with the character expected of an established East Side property. The second building includes three additional 2-bedroom, 1-bath residences, with the second-floor unit enjoying its own private balcony. Both buildings offer coin-operated laundry for tenant use, while ample off-street parking adds tenant convenience rarely found with a property of this scale in the neighborhood. Positioned within easy reach of Wayland Square, Blackstone Boulevard, Hope Village, local restaurants, shops, parks and all that the East Side has to offer, the property combines a sought-after residential setting with substantial income-producing potential. A unique opportunity for an investor looking to establish or expand their presence in one of Providence's most consistently desirable rental markets.

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Commercial Active

Price

$ 2,750,000

Property Type

Commercial

Taxes

$ 39,679

Style

Year Built

1910

Town/City

Providence

County/Region

Providence

MLS | Web ID

1422568

Features
General
Sewer Connected Public Sewer
Heating Baseboard Forced Air Hot Water
Cooling None
Utilities Cable Available Electricity Available Natural Gas Available Natural Gas Connected Sewer Connected
Possession Close Plus 45 to 90 Days Close Through 45 Days
Zoning R-3
Construction Materials Brick
Year Built 1910
Electric 100 Amp Service Circuit Breakers
Levels Three Level Split
Property Subtype Commercial
Tax Year 2026
Gross Income 202140
Business Type Residential
Community Features Highway Access Near Hospital Near Schools Public Transportation Recreation Area Restaurant Shopping Sidewalks
County Providence
Net Operating Income 130488
Operating Expense 71652
New Construction false
Property Type Commercial Sale
Subdivision Name East Side
Possible Use Multi-Family Recreational
Status Active
City Providence
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 10000
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 39679
Virtual Tour https://tour.RiLiving.com/8-Cole-Avenue-Providence-RI-02906--1422568
Structure Type Apartment Multi Family
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 1526100
Tax Lot 213
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Interior
Basement Full
Furnished Y/N Unfurnished
Total Stories 0
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Laundry Features Common Area
Total Baths 0
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Exterior
Lot Features Corner Lot
Water Source Connected Public
Total Parking 10
Lot Size Area 10000
Foundation Details Brick/Mortar Stone
Number of Buildings 2
Building Area Total 8738
Road Surface Type Paved
Road Frontage Type City Street
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* Excluded Features
List By
Residential Properties Ltd.

Broker

sgaskin@residentialproperties.com

Email

Affordability Calculator

$20,670
Per Month
84%
16%
0%
Monthly Principal & Interest
$17,364
Monthly Property Taxes
$3,307
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
9/11/2026$2,750,000 Listed Price

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8 Cole Avenue, Providence, RI, 02906 is a Commercial Property for sale at $2,750,000 with 8,738 sqft. 8 Cole Avenue was built in 1910. The property's zip code is 02906 which is in Providence, RI