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.
Pending
$899,000
87 Hope St, Providence, RI 02906
7beds
3,421sqft
Multi Family
Built in 1875
-- sqft lot
$-- Zestimate®
$263/sqft
$-- HOA
What's special
Fenced-in yardOff-street parkingReplacement windowsClassic architectural detailsBright interiorsHigh ceilingsHardwood floors
- 51 days |
- 93 |
- 7 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Kira Greene 401-339-5621,
Compass
Source: StateWide MLS RI,MLS#: 1406750
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
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: $263/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
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2026 | Pending sale | $899,000$263/sqft |
Source:  StateWide MLS RI #1406750 Report a problem | ||
| 5/19/2026 | Contingent | $899,000$263/sqft |
Source: StateWide MLS RI #1406750 Report a problem | ||
| 5/12/2026 | Listed for sale | $899,000+146.3%$263/sqft |
Source: StateWide MLS RI #1406750 Report a problem | ||
| 8/10/2016 | Sold | $365,000+114.7%$107/sqft |
Source: Public Record Report a problem | ||
| 12/20/1996 | Sold | $170,000+7.9%$50/sqft |
Source: Public Record Report a problem | ||
| 7/31/1991 | Sold | $157,500$46/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $366,300 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Fox Point
Nearby schools
GreatSchools rating
- 7/10Vartan Gregorian Elementary SchoolGrades: K-5Distance: 0.2 mi
- 5/10Nathan Bishop Middle SchoolGrades: 6-8Distance: 1.3 mi
- 1/10Hope High SchoolGrades: 9-12Distance: 1 mi
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