87 Hope Street, Providence, RI, 02906
16 rooms
7 beds
3 Full baths
1875
Stacked
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.
Status:
Pending
Type:
Multi-family
Laundry Remarks:
Common Area
Units:
3
Subdivision:
Fox Point
Garage:
No Garage
Heating:
Gas, Steam
Cooling:
1 Unit
Basement:
Exterior Entry, Full, Interior Entry, Unfinished
Parking:
4-car
Acreage:
0.07
Est. Taxes:
$7,152
Assessment
$957,300
Construction
Drywall,Plaster,Clapboard,Wood Siding
Utilities
Sewer Connected
Amenities:
Golf, Highway Access, Marina, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks
Days on Market:
6
Appliances:
Gas Water Heater
MLS #:
1406750
Community Info
School Info
Walk Score
Mass Transit
Yelp
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