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Two-Building 8-Unit Apartment Building
For Sale
$1,595,000

84 Transit Street, Providence, RI 02906

Two well-maintained buildings totaling eight units, built in 1900, with mostly month-to-month tenants.

Property SizeContact for details
Days on Market169

Property Features for 84 Transit Street

General Information

Standard status Active
Property subtype Multi-family
Lease Term []

Building Details

Year Built 1900
Buildings 2
Tenancy Multi
Listing Agency: Residential Properties Ltd.
Listed By: Stephen Gaskin
Source: Teridegnan
Added: Feb 24 Changed: Aug 11 Last Checked: Aug 11 at 9:51AM

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.

Investment Insights

Based on property information with market context.

Two well-maintained apartment buildings offer a total of eight units, configured across two separate structures. The property is supported by a strong existing income stream and features mostly month-to-month tenants, which may help accommodate tenant turnover and future leasing strategy.

The buildings are positioned in the heart of Fox Point, just steps from historic Benefit Street. Residents also have easy access to the waterfront and walking paths of India Point Park.

Built in 1900, the property presents an established multifamily platform for buyers seeking to maintain performance while pursuing additional improvements over time.

Key Highlights

  • 8 units across two buildings
  • Mostly month‑to‑month tenancy
  • Well‑maintained property

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Locksmith Butcher Catering Service Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

615
Businesses Nearby

Demographics for 02906, RI

25,559
Population
13,468
Households
1.9
Avg Household Size
35
Median Age
80%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
8,245
Density / Sq Mi
$102,796
Median Household Income
$57,214
Median Earnings
$1,729
Median Rent
$582,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two well-maintained buildings totaling eight units, built in 1900, with mostly month-to-month tenants.
Where is this apartment building located?
The property is located at 84 Transit Street Providence, RI.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 8 units across two buildings; Mostly month‑to‑month tenancy; Well‑maintained property
More about this property
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