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    84 Transit St Providence, RI 02906

    For Sale
    $2,095,000

    Multi Family,Commercial - Providence, RI

    Property size:
    6,185 SF
    Days on Market:
    42
    Last Refresh:
    Dec 5 at 4:06 pm

    Property Features for 84 Transit St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking
    3
    Exterior features
    Downtown, Free Standing
    Size
    6,185 SF

    Utilities

    Heating system
    Baseboard, Natural Gas

    Building Details

    Year built
    1900
    Number of units
    8
    Building materials
    Brick
    Architectural style
    Other

    Residential Properties Ltd. (401) 439-7705 [email protected]

    Listing agent Stephen Gaskin (401) 274-6740

    Listing date Oct 25, 2025

    MLS# 1398128 Listing URL

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Providence Multifamily Investment Opportunity

    Located in the heart of Fox Point, this property features two buildings with eight units. Situated steps from historic Benefit Street, the property offers an investment opportunity in a desirable Providence neighborhood. The property benefits from a strong existing income stream with mostly month-to-month tenants, presenting potential for improvement to enhance overall returns. The buildings have been well maintained, offering a foundation for additional improvements that could further elevate value and performance. Residents can enjoy access to Fox Point, along with the waterfront and walking paths of India Point Park. The property size is 6185 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.400827
    Latitude
    41.820602

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 8-unit property in desirable Fox Point neighborhood.
    Where is this apartment building located?
    The property is located at 84 Transit St Providence, RI.
    What is the asking price?
    The asking price for this property is $2,095,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Fox Point, steps from historic Benefit Street.; - Strong existing income stream with potential for increased returns.; - Two-building property with 8 units, offering a substantial investment.
    (401) 274-6740
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    84 Transit St Providence, RI 02906
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