86 Transit St, Providence, RI, 02906
About This Home
Introducing 86 Transit Street, a two-family investment opportunity in the heart of Providence’s East Side, just steps from Brown University and RISD. This versatile property includes a finished bonus space, offering additional flexibility for investors or owner-occupants alike. Recent capital improvements include a new Utica direct-vent condensing gas heating system (January 2026) and a new hot water tank (2025), providing efficiency and peace of mind. The property features shared laundry and 2–3 off-street parking spaces. With strong rental demand driven by its prime location, 86 Transit Street is well-suited for traditional rentals, student housing, or potential short-term rental use. A savvy buyer may also explore the potential to convert the bonus space into an accessory dwelling unit, creating additional value. The property can be delivered vacant at closing.
Getting Around
Walker's Paradise
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1800
Materials
- Foundation: Brick/Mortar,Block,Mixed
- Construction materials: Clapboard
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Electric Water Heater
- Laundry features: Common Area,In Building
Basement
- Has basement: Yes
- Basement: None,Interior Entry,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Hardwood
- Number of fireplaces: 1
- Fireplace: Yes
Heating & Cooling
- Heating features: Natural Gas,Baseboard,Forced Water
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 2,672
- Total interior livable area: 2,672 sqft
Property
Details
- Parcel number: PROVM16L544
- Attached to another structure: Yes
Lot
- Lot size: 1,502 sqft
- Features: Local Historic District
Parking
- Total spaces: 2
- 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 | $4,045 | $48,540 |
| Home Insurance * | $292 | $3,504 |
| Property Taxes | $898 | $10,776 |
| Electricity | $544 | $6,530 |
| Total | $5,779 | $69,348 |
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 |
|---|---|---|
| 2026-04-20 | Listed for sale | $895,000 |
| 2023-03-30 | Listing removed | -- |
| 2023-01-20 | Listed for rent | $1,650 |
| 2023-01-08 | Listing removed | -- |
| 2022-12-18 | Listed for rent | $1,650 |
| 2021-11-25 | Listing removed | -- |
| 2021-11-11 | Listed for rent | $1,475 |
| 2021-02-02 | Listing removed | -- |
| 2020-04-09 | Listing removed | $1,550 |
| 2020-03-06 | Listed for rent | $1,550 |
| 2019-01-26 | Listing removed | $1,300 |
| 2019-01-20 | Listed for rent | $1,300 |
| 2018-03-30 | Sold | $440,000 |
| 2017-12-18 | Listing removed | $469,500 |
| 2017-10-11 | Price change | $469,500 |
| 2017-09-17 | Listed for sale | $495,000 |
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