Back 87 Hope Street
Off Market

87 Hope Street

Providence RI 02906

7
3
4
3421 sq. ft.
3100 sq. ft.
Multi-Family
Last sold for $915,000
Kira GreeneKira Greene, last sold this property on 30 July 2026 after 79 days on market.

Overview

Positioned in one of the East Side's most desirable and consistently high-demand rental corridors, 87 Hope Street presents a compelling opportunity for investors seeking stable income and long-term appreciation. This legal two-family property with an additional in-law apartment on the third floor offers excellent flexibility and income potential. Close proximity to Brown University, RISD, Miriam Hospital, and downtown Providence, drives strong, year-round tenant demand. The building features a versatile layout ideal for rental optimization, whether configured for multi-family income, student housing, or premium long-term tenants. Classic architectural details, including high ceilings, original moldings, and hardwood floors combine with bright interiors and replacement windows to create an appealing living environment. Additional highlights include a fenced-in yard and off-street parking, further enhancing tenant desirability. Existing updates provide a solid foundation for immediate occupancy, with opportunities for value-add improvements to maximize returns. Situated along the vibrant Hope Street corridor, tenants will enjoy walkable access to caf s, restaurants, and neighborhood retail supporting strong rent potential and retention. This property offers both immediate cash flow potential and long-term upside in a blue-chip East Side location.

Features

7 bedrooms
3 bathrooms
4 carspaces
3421 sq. ft. floor area
3100 sq. ft. lot size
Multi-Family

Estimated Value

Based on this property and similar 7 bedroom multi families sold in Providence over the last 12 months, the estimated median property value of 87 Hope Street is $907.5k.

Median value
$907.5k
Estimated value range
$799.9k - $995k
Median days on market
25
Estimated value trend
7%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Providence. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 87 Hope Street

2026
Sold
$915,000
30 Jul 2026 by Kira Greene, of Compass

Happy sellers in Providence

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We have insufficient information to provide an overview of customer satisfaction for Providence. Viewing the agent profiles, reviews and sales for Providence can provide insights for this location.

Local market activity for 7 bedroom multi families in Providence

In the last 12 months, 6 seven-bedroom multi families similar to 87 Hope Street, have been sold.

This represents a 57% increase in seven-bedroom multi families sales when compared to the previous 12 months.

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