41 East Transit Street Providence, RI $ 1,295,000
41 East Transit Street
$ 1,295,000
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41 East Transit Street

Providence, RI, 02906
$ 1,295,000
Bedrooms-- Baths-- Sq 3,630

Monthly Estimate*

$ 7,974

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Commercial Property for sale in Providence, RI

for $1,295,000. This 3,630 square foot building was built in 1930 on a lot size of 0.115.

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.

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Commercial Active

Price

$ 1,295,000

Property Type

Commercial

Taxes

$ 10,852

Style

Lot Size

0.115

Year Built

1930

Town/City

Providence

County/Region

Providence

MLS | Web ID

1409912

Features
General
Sewer Connected Public Sewer
Heating Heat Pump
Cooling Heat Pump Central Air
Utilities Electricity Available Natural Gas Connected Municipal Utilities Water Connected Sewer Connected
Possession Immediately
Construction Materials Brick Frame
Year Built 1930
Electric 200+ Amp Service
Tenant Pays Electricity Gas
Stories Count 3
Levels Three Or More
Property Subtype Commercial
Tax Year 2026
Community Features Golf Highway Access Marina Near Hospital Near Schools Pool Public Transportation Recreation Area Restaurant Shopping Tennis Court(s)
County Providence
New Construction false
Property Type Commercial Sale
Subdivision Name Fox Point
Possible Use Multi-Family
Status Active
City Providence
Number Of Units Total 5
Lot Size Units Square Feet
Lot Size Square Feet 5000
Number of Units Leased 5
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 10852.8
Virtual Tour https://tour.RiLiving.com/41-East-Transit-Street-Providence-RI-02906
Structure Type Multi Family
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 775200
Tax Lot 438
Cap Rate 7
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Interior
Basement Full
Furnished Y/N Unfurnished
Total Stories 3
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Common Area In Unit
Total Baths 0
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Exterior
Water Source Connected Public
Total Parking 5
Lot Size Area 5000
Foundation Details See Remarks
Number of Buildings 3
Building Area Total 3630
Lot Size Acres 0.115
Road Surface Type Asphalt
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* Excluded Features
List By
Compass

Broker

jonathan.kaufman@compass.com

Email

Affordability Calculator

$8,878
Per Month
90%
10%
0%
Monthly Principal & Interest
$7,974
Monthly Property Taxes
$904
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
4/13/2026$1,295,000 Listed Price

Map


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41 East Transit Street, Providence, RI, 02906 is a Commercial Property for sale at $1,295,000 with 3,630 sqft and a lot size of 0.115. 41 East Transit Street was built in 1930. The property's zip code is 02906 which is in Providence, RI