85 Governor St, Providence, RI, 02906
About This Home
Investors take notice! Must see SIX (6) unit multi-family house available in the College Hill neighborhood on the East Side of Providence. Within walking distance to Brown University, RISD and Thayer Street. Easy access to highways, parks, restaurants, shopping, etc. This house features a brand new whole house boiler system, a brand new whole house on demand water heater, newer windows and roof. All units have been well maintained and have hardwood floors, some units have new stainless steel appliances and updated bathrooms. This property has been lead certified. Strong steady rental income stream with long term leases. There is also a SIX (6) bay garage for added income or possible ADU(s). Property is also listed on MLS as Commercial MLS#1412337.
Getting Around
Walker's Paradise
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1940
Materials
- Foundation: Brick/Mortar,Concrete Perimeter
- Construction materials: Plaster,Masonry,Wood
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Gas Water Heater,Tankless Water Heater,Dryer,Oven/Range,Refrigerator,Washer
- Laundry features: Common Area,In Building
Basement
- Has basement: Yes
- Basement: Full,Interior Entry,Unfinished,Laundry,Storage Space,Utility
Bathroom
- Features: Bath w Tub & Shower
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Features
- Wall (Plaster),Plumbing (Mixed),Ceiling Fan(s)
- Window features: Storm Window(s)
- Flooring: Ceramic Tile,Hardwood,Laminate
- Fireplace features: None
Heating & Cooling
- Heating features: Natural Gas,Gas Connected,Steam
- Cooling features: None
Interior Area
- Total structure area: 4,257
- Total interior livable area: 3,750 sqft
Property
Details
- Attached to another structure: Yes
Features
- Stories: 3
- Waterfront features: River,Walk To Water
Lot
- Lot size: 5,998 sqft
- Features: Paved,Sidewalks
Parking
- Total spaces: 10
- Parking features: Detached,Garage Door Opener
- Has garage: Yes
- Attached garage spaces: 6
- Covered spaces: 6
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Rhode Island Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,579 | $90,948 |
| Home Insurance * | $548 | $6,576 |
| Property Taxes | $1,486 | $17,832 |
| Electricity | $763 | $9,164 |
| Total | $10,376 | $124,512 |
Income You'd Need if You Spent...
Rhode Island FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-11 | Listed for sale | $1,499,000 |
View on Zillow