87 Hope ST, Providence, RI 02906
See all 46 photos
87 Hope ST, Providence, RI 02906
87 Hope ST, Providence, RI 02906
87 Hope ST, Providence, RI 02906
87 Hope ST, Providence, RI 02906
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Emilio DiSpirito

Emilio DiSpirito

+1(401) 359-2338
$ 899,000
Est. payment /mo
Save
Active Under Contract

87 Hope ST Providence, RI 02906

7 Beds

3 Baths

3,421 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,421 sqft

Price per Sqft $262

Subdivision Fox Point

MLS Listing ID 1406750

Style Stacked

Bedrooms 7

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 3,421

Year Built 1875

Annual Tax Amount $7,152

Tax Year 2025

Contingent Inspection Period

Lot Size 3,101 Sqft

Acres 0.0712

Property Sub-Type Multi Family

Property Description

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.

Location

State RI

County Providence

Community Fox Point

Rooms

Basement Exterior Entry, Full, Interior Entry, Unfinished

Interior

Interior Features Interior Steps, Tub Shower

Heating Gas, Steam

Cooling 1 Unit

Flooring Ceramic Tile, Hardwood

Fireplaces Number 4

Fireplaces Type Masonry

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.

Fireplace Yes

Appliance Gas Water Heater

Laundry Common Area

Exterior

Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks

Utilities Available Sewer Connected

Total Parking Spaces 4

Garage No

Building

Foundation Combination

Sewer Connected, Public Sewer

Water Connected, Public

Architectural Style Stacked

Structure Type Drywall,Plaster,Clapboard,Wood Siding

New Construction No

Others

Senior Community No

Tax ID 87HOPESTPROV

© 2026 State-Wide Multiple Listing Service. All rights reserved.
Listed by Compass

NEARBY SCHOOLS & PROPERTIES

Emilio DiSpirito

Emilio DiSpirito

License Partner | Private Office Advisor | License ID: S35582

+1(401) 359-2338

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of DiSpirito Team, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

87 Hope ST