86 Transit Street Providence

$895,000
4 3 2,672 sq ft

The Property

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.

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Listing Details

MLS Number

1410543

Lot Size:

0.03 acres

Features

  • Basement: None, Interior Only, Unfinished
  • Heating: Natural Gas, Baseboard, Forced Water
  • Heating Fuel: Natural Gas, Baseboard, Forced Water
  • Laundry
  • Local Historic District
  • Year Built: 1800

Market Trends for Single Family Homes
in Providence

  • Overview
    Homes for Sale Today260-92.8% decrease in inventory
    New on Market *19340.9% increase in new listings
    Avg. Asking Price/Sq.Ft. *$355.42$26 increase in List Price/Sq.Ft.
    Avg. Sale Price *$660,187$66,105 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *1221.79%1130.9% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$322.76$29 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *758 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by William Raveis Inspire

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