Back to Search

Fox Point Multifamily Investment

84 Transit, Providence, RI 02906

View on Map

For Sale

$1,850,000

Two-building, 8-unit property in desirable Fox Point neighborhood.

Property size:

6,188 SF

Price / SF:

$298/SF

HighLights

Prime location in the heart of Fox Point, steps from historic Benefit Street.
Strong existing income stream with potential for increased returns.
Rare 8‑unit, two‑building property.
Well‑maintained buildings offering a solid foundation.
Mostly month‑to‑month tenants allowing for immediate improvement opportunities.
Easy access to Fox Point amenities, waterfront, and India Point Park walking paths.

We can help!

Contact an agent

STEPHEN GASKIN

For Sale

$1,850,000

Two-building, 8-unit property in desirable Fox Point neighborhood.

Property size:

6,188 SF

Price / SF:

$298/SF

Added:: Mar 12, 2026
Days on Market:: 109
Last Refresh:: Mar 16 at 10:59 am

Property Features for 84 Transit

General Information

Standard status: Active
Size: 6,188 SF

Building Details

Year Built: 1900

We can help!

Contact an agent

STEPHEN GASKIN

Listing office RESIDENTIAL PROPERTIES LTD.

Listing date Mar 12, 2026

Source Corcoran

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 RESIDENTIAL PROPERTIES LTD.

HighLights

Prime location in the heart of Fox Point, steps from historic Benefit Street.
Strong existing income stream with potential for increased returns.
Rare 8‑unit, two‑building property.
Well‑maintained buildings offering a solid foundation.
Mostly month‑to‑month tenants allowing for immediate improvement opportunities.
Easy access to Fox Point amenities, waterfront, and India Point Park walking paths.

Overview

Located in Fox Point, near Benefit Street, this property features two buildings with a total of 8 units. The property offers an investment opportunity in a desirable Providence neighborhood. The units are primarily occupied by month-to-month tenants, presenting an opportunity for income enhancement. The buildings have been maintained, providing a foundation for improvements to increase value and performance. Residents have access to Fox Point amenities, the waterfront, and walking paths at India Point Park. The property, with a size of 6188 square feet, is located in a premier location.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

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

6,188 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,856 @ 7.0% cap · market cap 5.07%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.07M

$1.81M – $2.42M (±1% cap)

NOI $144,916 @ 7.0% cap · market cap 7.83%

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

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Providence
County: Providence
State: Rhode Island
Longitude: -71.4007937
Latitude: 41.8205566

Nearby Similar for Sale

$879,000

3,676 SF

Downtown Mixed-Use Retail/Office Building

Two street-level storefronts and seven second-floor office suites offer flexible redevelopment or return-to-office options.

11 Peck Street, Providence, RI 02903

View Details
$645,000

3,274 SF

Elmwood Avenue Commercial Investment Opportunity

Four-unit commercial property in historic Elmwood with strong rental income.

640 Elmwood Avenue, Providence, RI 02907

View Details
$925,000

3,083 SF

Two-Unit Residential Income Duplex

Charming two-family duplex with bright, spacious layouts, private entrances, and wood-burning fireplaces in each unit.

78 Grotto Avenue, Providence, RI 02906

View Details
$689,900

3,600 SF

Brand-New Two-Family Residence

Newly built two-family home with three bedrooms and two baths per unit plus a potential basement ADU.

39 Douglas Avenue, Providence, RI 02908

View Details
$1,100,000

2,593 SF

Two-Family Victorian Residence

Spacious 1st and 2nd floor 2BR apartments with an unfinished 3rd floor and private yard.

132 Jenkins Street, Providence, RI 02906

View Details
$1,895,000

3,996 SF

Renovated 3-Unit Brick Residence

Renovated three-family home with updated kitchens, in-unit laundry, heat pumps, and off-street parking for five vehicles.

166 Waterman Street, Providence, RI 02906

View Details
$1,100,000

3,119 SF

Renovated 3-Unit Victorian Residence

Renovated 3-family Victorian with condo-ready fire protection systems, furnished interiors, and multiple unit configurations on a corner lot.

122 Camp Street, Providence, RI 02906

View Details
$889,900

4,500 SF

Mixed-Use Retail and Townhome Property

Extensively renovated building combines two first-floor storefronts with two side-by-side townhouse-style apartments.

248 Hawkins Street, Providence, RI 02904

View Details
$1,100,000

3,768 SF

Victorian Two-Family Residence

Restored Victorian two-family offers flexibility as a rental property or for condo conversion under R-3 zoning.

114 Camp Street, Providence, RI 02906

View Details
$1,199,000

5,472 SF

Newer Construction Quadplex

Four 2023-built townhouse-style units with three bedrooms, central climate control, and dedicated parking areas.

872 Branch Avenue, Providence, RI 02904

View Details
$939,900

3,400 SF

Two-Family Townhouse-Style Home

Distinct entrances and multi-level layout offer flexible living options near Brown University and Moses Brown School.

341 LLoyd Avenue, Providence, RI 02906

View Details
$515,000

2,750 SF

Two-Unit Multifamily Property

Two well-sized rental units with a new roof installed in 2024 offer practical income-focused housing options.

2 Young Avenue, Providence, RI 02908

View Details

What type of property is this?

Apartment building - Two-building, 8-unit property in desirable Fox Point neighborhood.

Where is this apartment building located?

The property is located at 84 Transit Providence, RI.

What is the asking price?

The asking price for this property is $1,850,000.

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.; Rare 8‑unit, two‑building property.