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Sold for $915,000
    • $915,000

    87 Hope St, Providence, RI 02906

    7beds
    3,421sqft
    Multi Family
    Built in 1875
    -- sqft lot
    $915,400 Zestimate®
    $267/sqft
    $3,637 Estimated rent

    Home value

    $915,400

    $833,000 - $1.01M

    $3,637/mo

    Zestimate® history
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    What's special

    Fenced-in yardOff-street parkingReplacement windowsClassic architectural detailsBright interiorsHigh ceilingsHardwood floors
    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 cafés, 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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kira Greene 401-339-5621,

    Compass

    Bought with:

    Stephen Gaskin, RES.0048283

    Residential Properties Ltd.

    Source: StateWide MLS RI,MLS#: 1406750MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 3
    • Full bathrooms: 3
    Bathroom
    • Features: Bath w Tub & Shower
    Heating
    • Natural Gas, Steam
    Cooling
    • Individual Unit
    Appliances
    • Included: Gas Water Heater
    • Laundry: In Building
    Features
    • Wall (Dry Wall), Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Unknown)
    • Flooring: Ceramic Tile, Hardwood
    • Basement: Full,Interior and Exterior,Unfinished,Storage Space,Utility
    • Number of fireplaces: 4
    • Fireplace features: Brick
    Interior area
    • Total structure area: 3,421
    • Total interior livable area: 3,421 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: No Garage
    Features
    • Stories: 3
    Lot
    • Size: 3,101 Square Feet
    • Features: Sidewalks
    Details
    • Parcel number: PROVM17L151
    • Special conditions: Conventional/Market Value

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Dry Wall, Plaster, Clapboard, Wood
    • Foundation: Mixed
    Condition
    • New construction: No
    • Year built: 1875

    Utilities & green energy

    • Electric: 200+ Amp Service, Circuit Breakers
    • Sewer: Public Sewer
    • Water: Municipal
    • Utilities for property: Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
    • Subdivision: Fox Point
    HOA
    • Has HOA: No
    Location
    • Region: Providence

    Financial & listing details

    • Price per square foot: $267/sqft
    • Tax assessed value: $947,300
    • Annual tax amount: $7,152
    • Date on market: 5/12/2026
    • Inclusions: No leases in place, month to month tenancy, tenants looking to remain through school year and/or extend if possible. Legal 2 unit, Unit 3 is owners unit and will be vacated prior to close.
    • Total actual rent: 4490
    • Tenant pays: Heat

    Price history

    DateEventPrice
    7/30/2026Sold$915,000+1.8%$267/sqft
    Source: StateWide MLS RI #1406750 Report a problem
    6/6/2026Pending sale$899,000$263/sqft
    Source: StateWide MLS RI #1406750 Report a problem
    5/19/2026Contingent$899,000$263/sqft
    Source: StateWide MLS RI #1406750 Report a problem
    5/12/2026Listed for sale$899,000+146.3%$263/sqft
    Source: StateWide MLS RI #1406750 Report a problem
    8/10/2016Sold$365,000+114.7%$107/sqft
    Source: Public Record Report a problem
    12/20/1996Sold$170,000+7.9%$50/sqft
    Source: Public Record Report a problem
    7/31/1991Sold$157,500$46/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,152 -44.4%$947,300 +35.2%
    2024$12,856 +3.1%$700,600
    2023$12,471 $700,600
    2022$12,471 +19.1%$700,600 +64.4%
    2021$10,467 +66.7%$426,200
    2020$6,280 0%$426,200
    2019$6,282 -2.2%$426,200 +24.8%
    2018$6,422 -41.2%$341,600
    2017$10,918 $341,600
    2016$10,918 +4.6%$341,600 +8.4%
    2015$10,433 -1.9%$315,200
    2013$10,638 -22.4%$315,200 -26.7%
    2012$13,716 $430,100
    2011$13,716 +5%$430,100
    2010$13,066 +10.9%$430,100 -11.6%
    2009$11,785 +6%$486,800
    2007$11,119 +0.4%$486,800 +32.9%
    2006$11,073 $366,300
    2005$11,073 $366,300
    Find assessor info on the county website

    Neighborhood: Fox Point

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    Estimated market value
    $915,400
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    Estimated market value
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