87 Hope St

Providence, RI 02906

$899,000
Price
7
Beds
3,421 Sq. Ft.
$263 / Sq. Ft.
3,421
Sq. Ft.
$263
per Sq. Ft.
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Listed By Compass
Listed By Compass

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...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.

Listing Agent

  1. Kira Greene

    Kira Greene

    Listing Agent

    Compass

    P: (401)-339-5621

    CallText

Property Details for 87 Hope Street

Subdivision Name
Fox Point
Architectural Style
Stacked
LISTING UPDATED: 05/15/2026 08:25 AM

Property Details for 87 Hope Street

StatusActive
MLS #1406750
Days on Market3
Taxes$7,152 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1875
Lot Size0.07 AC / 3,100 SF
CountyProvidence County
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Location

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Building Information for 87 Hope Street

Stories3Residences3Year Built1875Building Size-Lot Size0.07 AC / 3,100 SF

Payment Calculator

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$5,123 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,527

Property Taxes

$596

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 87 Hope Street

Summary
Location and General Information
  • City: Providence
  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Courts, Sidewalks
  • 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: 4
Taxes and HOA Information
  • Tax Annual Amount: $7,152.00
  • Tax Assessed Value: 957300
  • Tax Lot: 151
  • Tax Map Number: 17
  • Tax Year: 2025
Property
Lot Information
  • Above Grade Fin SQFT: 3421.0
  • Building Area Total: 3421.0
  • Living Area Source: Other
  • Lot Size Acres: 0.0712
  • Lot Size Area: 3100.0
  • Lot Size Square Feet: 3100.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 87HOPESTPROV
  • Stories Total: 3
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 3
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community Y N: No
  • Year Built: 1875
  • C L I P: 2,526,147,229
Utilities
  • Electric: Amps200Or More, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Combination
Interior Features
  • Appliances: Gas Water Heater
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 7
  • Cooling: One Unit
  • Cooling Y N: Yes
  • Fireplace Features: Masonry
  • Fireplaces Total: 4
  • Fireplace Y N: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Heating: Gas, Steam
  • Heating Y N: Yes
  • Interior Features: Interior Steps, Tub Shower
  • Laundry Features: Common Area
  • Rooms Total: 16
Multi Family
Income & Expenses Information
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $.00
  • Type: One Bedroom
  • Occupant Type: Owner
  • Unit Type Area: 690.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $2,250.00
  • Type: Three Bedroom
  • Unit Type Area: 1369.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $2,240.00
  • Type: Three Bedroom
  • Unit Type Area: 1362.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Land Lease Y N: No

Property History for 87 Hope Street

DateEvent & SourcePriceAppreciation
May 4, 2026

Listed (Active)

Rhode Island Association of REALTORS® #1406750

$899,000—
Aug 5, 2016

Sold (Public Record)

Public Record #577338222

$365,000

+4.0% / yr

Dec 20, 1996

Sold (Public Record)

Public Record #171299130

$170,000

+1.4% / yr

DateEvent & SourcePrice
05/04/2026

Listed (Active)

Rhode Island Association of REALTORS® #1406750

$899,000
08/05/2016

Sold (Public Record)

Public Record #577338222

$365,000

+4.0% / yr

12/20/1996

Sold (Public Record)

Public Record #171299130

$170,000

+1.4% / yr

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

Public Records for 87 Hope Street

Taxable ValueLand$435,100Additions$512,200Total$947,300
Tax Record2025$7,152 ($596 / month)
Home Facts
Baths2Total Finished SqFt3,156 SqFtAbove Grade Finished SqFt3,156 SqFtUnfinished Basement SqFt1,382 SqFtStories2Lot Size3,100 SqFtStyleDuplexYear Built1875ZoningR-2CountyPROVIDENCEAPNPROV M:17 L:151

Schools near 87 Hope 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 87 Hope Street, Providence, RI 02906

87 Hope Street is a multi-family home for sale in Providence, RI 02906. This property was listed for sale on May 4, 2026 by Compass, it's currently listed at $899,000. It has been on the market for a total of 3 days and was last sold on August 5, 2016. This listing's school district is Providence School District. Nearby schools include Vartan Gregorian Elementary School, Nathan Bishop Middle School and Hope High School. 87 Hope Street is a 7-bed, 3-bath, 3,421 sqft multi-family home built in 1875.

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.

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.