42-44 E Transit St, Providence, RI, 02906
About This Home
Don't miss out on this rare opportunity to own two buildings on a single lot in the heart of Fox Point. 42 East Transit features three well-maintained studio apartments, each with separately metered utilities, replacement windows, and access to shared laundry. 44 East Transit is a detached three-story single-family home offering 5 bedrooms and 2 full bathrooms, currently generating rental income. The property also includes a fenced backyard with a patio, providing inviting outdoor space for tenants or owner-occupants. With four legal units, this versatile investment is ideal for investors seeking strong income potential or owner-occupants looking to offset expenses with rental revenue. Conveniently located just minutes from Brown University, RISD, waterfront amenities, and some of Providence's most popular restaurants, this property offers an exceptional combination of location, flexibility, and value. The Seller has a contractual interest in this property but is not the legal owner.
Getting Around
Walker's Paradise
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1910
Materials
- Construction materials: Clapboard
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Gas Water Heater
- Laundry features: In Building
Basement
- Has basement: Yes
- Basement: Full,Interior and Exterior,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
Features
- Flooring: Hardwood
- Number of fireplaces: 2
- Fireplace: Yes
Heating & Cooling
- Heating features: Natural Gas,Forced Water
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Details
- Attached to another structure: Yes
Features
- Stories: 3
Lot
- Lot size: 3,001 sqft
Parking
- Parking features: No Garage
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 | $6,320 | $75,840 |
| Home Insurance * | $457 | $5,484 |
| Property Taxes | $1,239 | $14,868 |
| Electricity | $610 | $7,331 |
| Total | $8,626 | $103,512 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-17 | Listed for sale | $1,250,000 |
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