Located in the heart of Fox Point, just steps from historic Benefit Street, this exceptional 8-unit, two-building property offers a rare investment opportunity in one of Providence's most desirable neighborhoods. With a strong existing income stream and mostly month-to-month tenants, there's immediate potential for improvement to enhance overall returns. Both buildings have been well maintained, offering a solid foundation for additional improvements that could further elevate value and performance. The prime location allows residents to enjoy easy access to all that Fox Point has to offer, along with the scenic waterfront and walking paths of India Point Park. Whether you're expanding an established portfolio or taking the first step in building one, this property represents a smart, high-potential addition in a premier location.
Multi-familyProperty Type
1900Year Built
4,100 sq ftLot Size
$242Price/Sq.Ft.
3 spacesParking
Listed by Stephen Gaskin• Residential Properties Ltd.
Fox Point, located between College Hill and the Providence River, is a historic and waterfront Providence neighborhood with brick-lined streets and a working-harbor edge. The neighborhood’s character concentrates along Ives Street near Wickenden Street, where espresso bars, small galleries, and specialty shops keep the sidewalks busy. Architectural cues run from Federal-era and Victorian houses to converted industrial buildings, with pocket parks and church spires breaking up the blocks. India Point Park frames the shoreline with long paths and open lawns beside the bridges. Community pillars include the Avon Cinema, the Hot Club, and the Providence River Boat Company. Brown University’s edges and the riverwalk lend a walkable, campus-meets-maritime rhythm.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Bedrooms
The back building has 5 bedrooms.
The front building has 6 bedrooms.
Bathrooms
9 full bathrooms total.
The back building has 3 full bathrooms.
The front building has 6 full bathrooms.
Laundry & utility
Common-area laundry.
Flooring
Ceramic tile, hardwood, and laminate flooring.
Heating & cooling
Gas baseboard heating.
Exterior features
Paved driveway.
Home design
Two buildings.
Parking
3 parking spaces.
No garage.
Construction
Brick and wood siding.
Brick/mortar and stone foundation.
Utilities
Public water.
Public sewer.
100-amp electrical service with circuit breakers.
HOA & community
Community features include highway access, nearby hospital, schools, public transportation, recreation area, restaurants, shopping, and sidewalks.
Financial info
Operating expenses: $49,200.
The back building rents for $4,200.
The front building rents for $9,945.
Electricity and solar
View estimated energy costs and solar savings for this home
The R-2 Residential District is intended for areas of detached single-family and two-family, including semidetached, residential development of moderate density. Limited non-residential uses, which are compatible with surrounding residential neighborhoods, may be allowed.
Zone overlays
Historic District Overlay District
Permitted uses
Include but are not limited to:
Agriculture
Community / recreation center
Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Educational/school
Fire house
Post office
Park & open space
Nov 15, 2017 • Final
Building
Roofing
Apr 29, 2014 • Final
Building
Grading
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 97° expected this year, 15 days in 30 years
6/10 Wind Factor
74% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Providence, RI • 02906
Average low and high temperatures (°F)
35
22
37
23
50
34
60
43
68
53
80
63
83
68
79
62
74
59
65
49
54
39
40
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
74/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.3 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 84 Transit St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $775,000 and $2,200,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $775K to $2.2M.