87 Hope St, Providence, RI 02906
- Beds
- 7
- Baths
- 3
- Sqft
- 3,421
- Pool
- Yes
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
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.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 7
- Number of bathrooms
- 3
- Square feet
- 3,421
- Lot size (acres)
- 0.07
- Year built
- 1875
Interior features
- Basement
- Yes, Finished
- Fireplaces
- 4
- Laundry
- Common Area
Exterior features
- Pool
- Yes
- Area amenities
- Golf Course
- Horse amenities
- Stable
Utilities
- Heating
- Natural Gas, Steam
- Sewer
- Public Sewer
- Water
- Public Water
Taxes
- Tax Annual Amount (2025)
- $7,152
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: StateWide MLS MLS®#: 1406750 Last checked: …

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