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87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
87 Hope Street
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$899,000

87 Hope Street

7 Beds 3 Baths 3,421 Sq.Ft. 3,100 Sq.Ft.

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.

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Location

87 Hope Street, Providence, RI 02906

Status

Active Under Contract
KIRA GREENE

KIRA GREENE

TITLE

FOUNDING AGENT | REALTOR®

Property Amenities

Interior
Laundry room Common Area
Fireplace Masonry
Appliances Gas Water Heater
Flooring Ceramic Tile, Hardwood
Total Bedrooms: 7
Full Bathrooms: 3
Other Interior Features Interior Steps, Tub Shower
Area & Lot
Total area 3,421 Sq.Ft.
Lot Area 3,100 Sq.Ft.
Living area 3,421 Sq.Ft.
MLS® ID 1406750
Year Built 1875
Architecture Styles Stacked
Type Multi-Family
Status Active Under Contract
Exterior
Stories 3
Air conditioning 1 Unit
Heat type Gas, Steam
Water Source Connected, Public
Sewer Connected, Public Sewer
Parking No Garage
Utilities Sewer Connected
Finance
Sales Price $899,000
Real Estate Tax $7,152 yearly
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Schedule a Showing

I would love to show you my beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.
Thank you for your interest in 87 Hope Street, Providence, RI 02906. We are reviewing your request and will be in touch shortly!

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EAST SIDE & METRO PROVIDENCE

A diverse and culturally rich city with a European flair. Walkable, charming, historic, and unique!

Work With Kira

Ask Kira and she will happily tell you why Providence is an amazing place to call home, with the culture and diversity of a large city and the charm of a small-town community.