Introducing 86 Transit Street, a two-family investment opportunity in the heart of Providence's East Side, just steps from Brown University and RISD. This versatile property includes a finished bonus space, offering additional flexibility for investors or owner-occupants alike. Recent capital improvements include a new Utica direct-vent condensing gas heating system (January 2026) and a new hot water tank (2025), providing efficiency and peace of mind. The property features shared laundry and 2-3 off-street parking spaces. With strong rental demand driven by its prime location, 86 Transit Street is well-suited for owner-occupants, traditional rentals, or potential short-term rental use. A savvy buyer may also explore the potential to convert the bonus space into an accessory dwelling unit, creating additional value. The property can be delivered vacant at closing.
For sale
Price cut: $49K (7/30)
$799,999
86 Transit St, Providence, RI 02906
4beds
2,672sqft
:
Get pre-qualified$4,927/mo
Multi Family
Built in 1800
-- sqft lot
$790,900 Zestimate®
$299/sqft
$-- HOA
What's special
Finished bonus spaceShared laundryNew hot water tank
- 86 days |
- 761 |
- 44 |
Zillow last checked:
Listing updated:
Listed by:
Spencer Kelleher 508-493-7093,
William Raveis Inspire
Source: StateWide MLS RI,MLS#: 1413023
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Baseboard, Forced Water
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater
- Laundry: Common Area, In Building
Features
- Flooring: Hardwood
- Basement: Full,Interior Entry,Finished
- Number of fireplaces: 1
Interior area
- Total structure area: 2,672
- Total interior livable area: 2,672 sqft
Property
Parking
- Total spaces: 2
- Parking features: No Garage
Lot
- Size: 1,502 Square Feet
- Features: Local Historic District
Details
- Parcel number: PROVM16L544
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Clapboard
- Foundation: Brick/Mortar, Block
Condition
- New construction: No
- Year built: 1800
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Connected
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Providence
Financial & listing details
- Price per square foot: $299/sqft
- Tax assessed value: $917,700
- Annual tax amount: $12,847
- Date on market: 5/19/2026
- Total actual rent: 5100
Estimated market value
$790,900
$751,000 - $830,000
$4,193/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/30/2026 | Price change | $799,999-5.8%$299/sqft |
Source:  StateWide MLS RI #1413023 Report a problem | ||
| 5/19/2026 | Listed for sale | $849,000-5.1%$318/sqft |
Source: StateWide MLS RI #1413023 Report a problem | ||
| 5/19/2026 | Listing removed | $895,000$335/sqft |
Source: StateWide MLS RI #1410543 Report a problem | ||
| 4/20/2026 | Listed for sale | $895,000+103.4%$335/sqft |
Source: StateWide MLS RI #1410543 Report a problem | ||
| 3/30/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/20/2023 | Listed for rent | $1,650$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/8/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/18/2022 | Listed for rent | $1,650+11.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/25/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 11/11/2021 | Listed for rent | $1,475-4.8%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 2/2/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/9/2020 | Listing removed | $1,550$1/sqft |
Source: Owner Report a problem | ||
| 3/6/2020 | Listed for rent | $1,550+19.2%$1/sqft |
Source: Owner Report a problem | ||
| 1/26/2019 | Listing removed | $1,300 |
Source: Zillow Rental Manager Report a problem | ||
| 1/20/2019 | Listed for rent | $1,300 |
Source: Zillow Rental Manager Report a problem | ||
| 3/30/2018 | Sold | $440,000-6.3%$165/sqft |
Source: Public Record Report a problem | ||
| 12/18/2017 | Listing removed | $469,500$176/sqft |
Source: Doyle Realty #1173537 Report a problem | ||
| 10/11/2017 | Price change | $469,500-5.2%$176/sqft |
Source: Doyle Realty #1173537 Report a problem | ||
| 9/17/2017 | Listed for sale | $495,000$185/sqft |
Source: Doyle Realty #1173537 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,848 +10.4% | $917,700 +44.7% |
| 2024 | $11,639 +3.1% | $634,300 |
| 2023 | $11,291 | $634,300 |
| 2022 | $11,291 +9.7% | $634,300 +51.3% |
| 2021 | $10,293 0% | $419,100 |
| 2020 | $10,293 | $419,100 |
| 2019 | $10,293 -10.2% | $419,100 +16.9% |
| 2018 | $11,458 0% | $358,500 |
| 2017 | $11,458 | $358,500 |
| 2016 | $11,458 +28.1% | $358,500 +32.7% |
| 2015 | $8,944 -1.9% | $270,200 |
| 2013 | $9,119 -16.8% | $270,200 -21.4% |
| 2012 | $10,964 | $343,800 |
| 2011 | $10,964 +5% | $343,800 |
| 2010 | $10,445 +27.7% | $343,800 +1.8% |
| 2009 | $8,178 +6% | $337,800 |
| 2007 | $7,715 -30.1% | $337,800 -7.5% |
| 2006 | $11,043 | $365,300 |
| 2005 | $11,043 | $365,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Fox Point
Nearby schools
GreatSchools rating
- 8/10Vartan Gregorian Elementary SchoolGrades: K-5Distance: 0.4 mi
- 5/10Nathan Bishop Middle SchoolGrades: 6-8Distance: 1.4 mi
- 1/10Hope High SchoolGrades: 9-12Distance: 1 mi
- $--1 bd1 ba-- sqft86 Transit St #1, Providence, RI 02906Off Market
- $--1 bd1 ba-- sqft86 Transit St FLOOR 3, Providence, RI 02906Off Market
- $--1 bd1 ba800 sqft86 Transit St #2, Providence, RI 02906Off Market
- $52,300-- bd-- ba-- sqft90 Transit St, Providence, RI 02906Off Market
- $--1 bd1 ba-- sqft84 Transit St #1L, Providence, RI 02906Off Market
- $1,595,00011 bd9 ba6.1k sqft84 Transit St, Providence, RI 02906For Sale
- $--1 bd1 ba-- sqft84 Transit St APT 2R, Providence, RI 02906Off Market
- $--1 bd1 ba-- sqft84 Transit St APT 3L, Providence, RI 02906Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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