41 East Transit Street, Providence, RI 02906

Building Details

Year Built

1930

Listing office Compass j***@compass.com Show Phone

Listing date Apr 13, 2026

Source Liongatere

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Overview

This well-maintained and extensively updated 5-unit property is located in the desirable Fox Point neighborhood. The property offers a blend of strong rental income and future upside with extremely low vacancy. Each unit has parking available. There are also 2 detached garages that offer ADU potential. Significant improvements have recently been completed, including a new roof, upgraded electrical service, and central air in all units. Additional updates include exterior work and a newly renovated shared laundry room, as well as other in-unit upgrades. The property is located just off Ives and Wickenden, close to India Point Park, and in the heart of the vibrant Fox Point neighborhood with some of Providence's best restaurants and bars. This property represents a rare opportunity to acquire a turnkey asset in one of the city's most sought-after rental markets. The property also features low taxes for its size.

Suggested Use

Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

Location Insight

• Map
• Local Demand

City

Providence

County

Providence

State

Rhode Island

Longitude

-71.3916403

Latitude

41.8215514

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FAQs

What type of property is this?

Apartment building - Turnkey 5-unit property in Providence's desirable Fox Point neighborhood.

Where is this apartment building located?

The property is located at 41 East Transit Street Providence, RI.

What is the asking price?

The asking price for this property is $1,295,000.

What are key features of this property?

This property features: Strong rental income with extremely low vacancy in desirable Fox Point location.; Turnkey asset with recent significant improvements, including a new roof, upgraded electrical, and central air in all units.; Parking for each unit and 2 detached garages offering ADU potential.