87 Hope Street, Providence, RI 02906
Local realty services provided by:CENTURY 21 Guardian Real Estate Services
87 Hope Street,Providence, RI 02906
$899,000
- 7 Beds
- 3 Baths
- 3,421 sq. ft.
- Multi-family
- Active
Listed by: kira greene
Office: compass
MLS#:1406750
Source:RI_STATEWIDE
Price summary
- Price:$899,000
- Price per sq. ft.:$262.79
About this home
Positioned in one of the East Side's most desirable and consistently high-demand rental corridors, 87 Hope Street presents a compelling opportunity for investors seeking stable income and long-term appreciation. This legal two-family property with an additional in-law apartment on the third floor offers excellent flexibility and income potential. Close proximity to Brown University, RISD, Miriam Hospital, and downtown Providence, drives strong, year-round tenant demand. The building features a versatile layout ideal for rental optimization, whether configured for multi-family income, student housing, or premium long-term tenants. Classic architectural details, including high ceilings, original moldings, and hardwood floors combine with bright interiors and replacement windows to create an appealing living environment. Additional highlights include a fenced-in yard and off-street parking, further enhancing tenant desirability. Existing updates provide a solid foundation for immediate occupancy, with opportunities for value-add improvements to maximize returns. Situated along the vibrant Hope Street corridor, tenants will enjoy walkable access to caf s, restaurants, and neighborhood retail supporting strong rent potential and retention. This property offers both immediate cash flow potential and long-term upside in a blue-chip East Side location....
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Home facts
- Year built:1875
- Listing ID #:1406750
- Added:6 day(s) ago
- Updated:May 19, 2026 at 01:00 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:16
- Flooring:Ceramic Tile, Hardwood
- Bathrooms Description:Tub Shower
- Basement:Yes
- Basement Description:Exterior Entry, Full, Interior Entry, Unfinished
- Living area:3,421 sq. ft.
Heating and cooling
- Heating:Gas, Steam
Structure and exterior
- Year built:1875
- Building area:3,421 sq. ft.
- Lot area:0.07 Acres
- Construction Materials:Clapboard, Drywall, Plaster, Wood Siding
- Foundation Description:Combination
Utilities
- Water:Connected, Public
- Sewer:Connected, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$899,000
- Price per sq. ft.:$262.79
- Tax amount:$7,152 (2025)
Features and amenities
- Laundry features:Common Area
- Amenities:Gas Water Heater
Parking
- Total parking spaces:4
- Parking description:No Garage
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