86 Transit St

Providence, RI 02906

$895,000
Price
4
Beds
2,672 Sq. Ft.
$335 / Sq. Ft.
2,672
Sq. Ft.
$335
per Sq. Ft.
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New
New

Description

Introducing 86 Transit Street, a two-family investment opportunity in the heart of Providence's East Side, just steps from Brown University and RISD. This versatile property includes a finished bonus space, offering additional flexibility for investors or owner-occupants alike. Recent capital improvements include a new Utica direct-vent condensing gas heating system (January 2026) and a new hot water tank (2025), providing efficiency and peace of mind. The property features shared laundry and 2 3...Introducing 86 Transit Street, a two-family investment opportunity in the heart of Providence's East Side, just steps from Brown University and RISD. This versatile property includes a finished bonus space, offering additional flexibility for investors or owner-occupants alike. Recent capital improvements include a new Utica direct-vent condensing gas heating system (January 2026) and a new hot water tank (2025), providing efficiency and peace of mind. The property features shared laundry and 2 3 off-street parking spaces. With strong rental demand driven by its prime location, 86 Transit Street is well-suited for traditional rentals, student housing, or potential short-term rental use. A savvy buyer may also explore the potential to convert the bonus space into an accessory dwelling unit, creating additional value. The property can be delivered vacant at closing.
  1. Listed by Spencer Kelleher • Brokerage DRE #REB.0019029 • William Raveis Inspire
    P: (508)-493-7093 spencerkelleher37@gmail.com

Property Details for 86 Transit Street

Architectural Style
Stacked
LISTING UPDATED: 04/20/2026 06:45 PM

Property Details for 86 Transit Street

StatusActive
MLS #1410543
Days on Market1
Taxes$12,848 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1800
Lot Size0.03 AC / 1,504 SF
CountyProvidence County
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Location

Listing Courtesy of William Raveis Inspire
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Building Information for 86 Transit Street

Stories-Residences3Year Built1800Building Size-Lot Size0.03 AC / 1,504 SF

Payment Calculator

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$5,577 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,507

Property Taxes

$1,071

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 86 Transit Street

Summary
Location and General Information
  • City: Providence
  • Postal City: Providence
  • Postal Code: 02906
  • State Or Province: RI
  • Human Modified Y N: Yes
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 2
Taxes and HOA Information
  • Tax Annual Amount: $12,847.80
  • Tax Assessed Value: 917700
  • Tax Lot: 544
  • Tax Map Number: 16
  • Tax Year: 2025
Property
Lot Information
  • Above Grade Fin SQFT: 2672.0
  • Building Area Total: 2672.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.0345
  • Lot Size Area: 1504.0
  • Lot Size Square Feet: 1504.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 86TRANSITSTPROV
  • Stories Total: 0
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 3
  • Property Sub Type: MultiFamily
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1800
Utilities
  • Electric: Amps100
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Block, Brick Mortar, Combination
Interior Features
  • Appliances: Electric Water Heater
  • Basement: Interior Entry, None, Unfinished
  • Basement Y N: No
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 4
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Fireplaces Total: 1
  • Fireplace Y N: Yes
  • Flooring: Hardwood
  • Heating: Baseboard, Gas, Hot Water
  • Heating Y N: Yes
  • Laundry Features: Common Area
  • Rooms Total: 11
Multi Family
Income & Expenses Information
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $1,950.00
  • Description: Expires 05/31/26
  • Type: TwoBedroom
  • Unit Type Area: 1123.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $1,600.00
  • Description: Expires 05/31/26
  • Type: OneBedroom
  • Unit Type Area: 849.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $1,550.00
  • Description: Expires 06/30/26
  • Type: OneBedroom
  • Unit Type Area: 700.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Land Lease Y N: No

Property History for 86 Transit Street

DateEvent & SourcePriceAppreciation
Apr 20, 2026

Listed (Active)

Rhode Island Association of REALTORS® #1410543

$895,000—
Mar 30, 2018

Sold (Public Record)

Public Record #619732615

$440,000—
Dec 17, 2017

Temporarily Off Market

Rhode Island Association of REALTORS® #1173540

—
DateEvent & SourcePrice
04/20/2026

Listed (Active)

Rhode Island Association of REALTORS® #1410543

$895,000
03/30/2018

Sold (Public Record)

Public Record #619732615

$440,000
12/17/2017

Temporarily Off Market

Rhode Island Association of REALTORS® #1173540

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 86 Transit Street

Taxable ValueLand$523,200Additions$394,500Total$917,700
Tax Record2025$12,848 ($1,071 / month)
Home Facts
Baths3Total Finished SqFt2,673 SqFtAbove Grade Finished SqFt2,673 SqFtStories2Lot Size1,504 SqFtStyleTriplexYear Built1800ZoningR-2CountyPROVIDENCEAPNPROV M:16 L:544

Schools near 86 Transit Street

This home is within Providence School District.
Rating
School
Type
Grades
Distance
Vartan Gregorian Elementary School
Public - K to 5
Nathan Bishop Middle School
Public - 6 to 8
Hope High School
Public - 9 to 12
Hope Leadership School
Public - 9 to 12
Rating
School
Distance
Vartan Gregorian Elementary School
PublicK to 5

Nathan Bishop Middle School
Public6 to 8

Hope High School
Public9 to 12

Hope Leadership School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 86 Transit Street, Providence, RI 02906

86 Transit Street is a multi-family home for sale in Providence, RI 02906. This listing's school district is Providence School District. Nearby schools include Vartan Gregorian Elementary School, Nathan Bishop Middle School and Hope High School. 86 Transit Street is a 4-bed, 3-bath, 2,672 sqft multi-family home built in 1800.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of William Raveis Inspire

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.