84 Transit Street Providence Providence, RI 02906
Two-building, 8-unit property in desirable Fox Point neighborhood.
- Added:
- May 15, 2026
- Days on Market:
- 61
- Last Refresh:
- Jul 2 at 5:10 am
Property Features for 84 Transit Street Providence
General Information
- Standard status
- Active
- Size
- 6,188 SF
Building Details
- Year Built
- 1900
Listing office (508) 501-1443
Listing date May 15, 2026
Source Milestonerealtyinc
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Jadaiya Stanley
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location in the heart of Fox Point, near Benefit Street
- Strong existing income stream from 8 units across two buildings
- Immediate potential to improve returns with mostly month‑to‑month tenants
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $181.9k | $29.40 |
| − Vacancy | −$11.3k | −$1.82 |
| EGI | $170.6k | $27.58 |
| − OpEx | −$76.8k | −$12.41 |
| NOI | $93.9k | $15.17 |
