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50 photos

$2,750,000

8 Cole Avenue
Providence, RI 02906
Listed by Stephen Gaskin
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1910

About this home

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.

Property details

MLS #
1422568
Property type
Commercial
Subdivision
East Side
Status
Active
Days on market
10
On market date
September 11, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
10
Lot size
10,000 sqft
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Martin Luther King El. School
0.89 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
366
Student:teacher ratio
15.3:1
District
Providence
Middle
Nathan Bishop Middle
0.58 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
636
Student:teacher ratio
13.3:1
District
Providence
High
Hope High School
0.77 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
943
Student:teacher ratio
14.3:1
District
Providence

Walkability

Blended score for Providence's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

83
Highly walkable
out of 100
EPA National Walkability Index
14.2 / 20 -- Above average walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores5
Parks20
Schools20
Transit stops20
Pharmacies5

Market position

How this listing compares to current activity in Providence, from live MLS data.

On the market 10 days -- 32 fewer days than Providence's current average of 42 days.
For reference, the median list price across 1,141 active listings in Providence right now is $440,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$16,711/mo
$550,000 down
$2,200,000 loan
Principal & interest$14,269
Property tax (est.)$2,292
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 3 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.