58 E Transit St
Providence, RI 02906
Fox Point- 6 Beds
- 4 Baths
$908,300
as of Jul 8, 2026
$908,300
as of Jul 8, 2026
6 Beds
4 Baths
Local Information
-- mins to
Description
7.2% Cap Rate, Estimated $113,000 in annual gross rents and cash flow after mortgage of approx $20,000. Seven total units plus a garage on one lot. One three-family home and one four-family home on this one parcel comprise the 7 units. The front building is a 3-family with all 2-bedroom apartments (1 occupied, 2 vacant). The 4-family is located on the rear of the lot consisting of 2 2-bedroom units and 2 1-bedroom units (2 occupied, 2 vacant). Some of the apartments have electric baseboard heat. The two 1-bedroom units were recently remodeled with new kitchens, tile flooring, baths, granite counters etc. Great rental history to medical students/residents/fellows as well as Brown Univ. grad students. Tenants pay their own utilities w/ exception of 2 units where partial electric included. Potential for value add with condo conversion. Off-street parking available for roughly 6 vehicles. Newer roof on front building, replacement vinyl windows, and vinyl siding make this a great low maintenance investment opportunity. Located in the highly desirable Fox Point area on the East Side of Providence. This listing is part of a portfolio consisting of a total of 20 apartments with nearly $300,000 in annual gross rents. See MLS numbers 1247130 (117 Warren Ave, East Providence) and 1244418 (364 High St, Central Falls) for more info along with attached profit and loss statements. These properties can be sold as a package for the savvy investor or individually by MLS listing
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago
Home Details for 58 E Transit St
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Heating & Cooling Heating: Baseboard, GasHeating Fuel: Baseboard |
Levels, Entrance, & Accessibility Floors: Hardwood |
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Year Built Year Built: 1930 |
Property Type / Style Property Type: Multi Family |
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Exterior Home Features Exterior: Vinyl |
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Lot Area: 5000 sqft |
Price History for 58 E Transit St
| Date | Price | Event | Source |
|---|---|---|---|
| 06/06/2020 | $999,900 | ListingRemoved | Agent Provided |
| 02/15/2020 | $999,900 | Listed For Sale | Agent Provided |
Market trends in Providence
Last updated May 2026
Avg. sale price
$409K
$2.67KMoM
Sale-to-List Price
99.4%
Price per sq ft
$319
$11MoM
Available listings
233
18MoM
Comparable Sales for 58 E Transit St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.03 | Multi-Family Home | $1,154,143 | 07/09/25 | 6 | 5 | 3,456 | |
0.13 | Multi-Family Home | $920,000 | 10/16/25 | 5 | 4 | 2,318 | |
0.05 | Multi-Family Home | $1,210,000 | 06/12/26 | 8 | 5 | 2,995 | |
0.02 | Multi-Family Home | $590,000 | 11/05/25 | 5 | 3 | 1,840 | |
0.14 | Multi-Family Home | $745,000 | 09/15/25 | 8 | 3 | 2,250 | |
0.01 | Multi-Family Home | $902,000 | 11/07/25 | 8 | 3 | 3,162 | |
0.24 | Multi-Family Home | $857,000 | 05/08/26 | 8 | 3 | 2,715 | |
0.16 | Multi-Family Home | $1,100,000 | 03/31/26 | 9 | 3 | 3,032 | |
0.20 | Multi-Family Home | $925,000 | 01/08/26 | 5 | 3 | 2,592 | |
0.16 | Multi-Family Home | $1,400,000 | 12/12/25 | 9 | 6 | 3,072 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 58 E Transit St.
What Locals Say about Fox Point
At least 45 Trulia users voted on each feature.
96 % Say there are sidewalks
96 % Say it's dog friendly
90 % Say it's walkable to restaurants
85 % Say people would walk alone at night
83 % Say streets are well-lit
76 % Say it's walkable to grocery stores
75 % Say parking is easy
54 % Say there's holiday spirit
53 % Say neighbors are friendly
50 % Say kids play outside
49 % Say they plan to stay for at least 5 years
47 % Say car is needed
40 % Say yards are well-kept
34 % Say there are community events
31 % Say it's quiet
30 % Say there's wildlife
Sourced by Trulia users. Learn more about our methodology.
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