41 East Transit Street, Providence, RI 02906

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Sold Price
$1,150,000
List Price
$1,295,000
Closing Date
Jun 26, 2026
MLS#
1409912
Status
CLOSED
Type
Commercial
City
Providence
County
Providence
Year Built
1930

Property Description

Well-maintained and extensively updated 5-unit property in desirable Fox Point, offering a blend of strong rental income and future upside with extremely low vacancy. The property features low taxes for its size, parking for each unit and has 2 detached garages for ADU potential. Significant improvements have recently been completed, including a new roof, upgraded electrical service, central air in all units, exterior updates, a newly renovated shared laundry room and other in-unit upgrades. Located just off Ives and Wickenden and close to India Point Park, this property sits in the heart of the vibrant Fox Point neighborhood with some of Providence's best restaurants and bars. A rare opportunity to acquire a turnkey asset in one of the city's most sought-after rental markets.

Additional Information

Cooling
Heat Pump, Central Air
Sewer
Connected, Public Sewer
Taxes
$10,852
Community Features
Golf, Highway Access, Marina, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)

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Calculator source: Real Geeks

Listing courtesy of Compass. Contact:

Selling Office: William Raveis Inspire.

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