$1,270,000
$200K PRICE DROP

428 Hope St Providence, RI 02906

Mount Hope Neighborhood

Estimated payment $8,792/month

Total Views 4,472
4 Beds
4 Baths
4,998 Sq Ft
$254 Price per Sq Ft

Highlights

  • Wood Flooring
  • Thermal Windows
  • Bathtub with Shower
  • Tennis Courts
  • Intercom
  • Public Transportation

About This Home

Investor Opportunity! This fully occupied 6-unit apartment building is ideally located near Brown University, RISD, and the high-demand Thayer Street business district. Purpose-built as an apartment building, each well-laid-out unit features spacious living rooms, hardwood floors throughout, and kitchens with adjoining dining areas.
Tenants pay their own heat, electricity, and gas for cooking, making for efficient landlord operations. Additional amenities include off-street parking for 6 vehicles and common coin-operated laundry. The building is lead certified, fully fire-coded, and benefits from recent updates including 5 of 6 kitchens renovated and freshly painted exterior. A solid turnkey investment in a prime East Side location!

Listing Agent

Bruce Nathaniel

Beacon Realty Group License #REB.0018782 Listed on: 07/31/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,025

Year Built

  • Built in 1925

Home Design

  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 4,998 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Unfinished Basement
  • Crawl Space
  • Intercom

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Gas
  • Baseboard Heating
  • Water Heater
  • Cable TV Available

Additional Features

  • 6,303 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 104
  • Assessor Parcel Number 428HOPESTPROV

Community Details

Overview

  • 4 Units
  • Mount Hope Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Tennis Courts
  • Recreation Facilities

Building Details

  • Operating Expense $33,998

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,025

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1447
  • Subdivision Name: Mount Hope
  • Above Grade Finished Sq Ft: 4998.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Common Water Heater, Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Other Equipment: Intercom
  • Has Basement: Crawl Space, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
  • Interior Amenities: Tub Shower, Cable TV
  • Stories: 3
  • Window Features: Thermal Windows

Exterior Features

  • Construction Type: Plaster
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Zoned
  • Heating Yn: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6303.0
  • Parcel #: 428HOPESTPROV
  • Zoning: R3

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 33998.0

Tax Info

  • Tax Annual Amount: 25025.0
  • Tax Lot: 104
  • Tax Map Number: 8
  • Tax Year: 2025

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 Price Changed $1,270,000 -13.6% $254 / Sq Ft
07/31/2025 07/31/25 For Sale $1,470,000 -- $294 / Sq Ft
Source: State-Wide MLS

Source: State-Wide MLS

MLS Number: 1391523

State-Wide MLS
Rhode Island Providence County Providence 02906 Mount Hope

428 Hope St, Providence, RI

This home is located at 428 Hope St, Providence, RI 02906 and is currently priced at $1,270,000, approximately $254 per square foot. This property was built in 1925. 428 Hope St is a home located in Providence County with nearby schools including Asa Messer Elementary School, Charles N. Fortes Elementary School, and Veazie Street Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

State-Wide MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Copyright © 2025 State-Wide MLS, Inc. All rights reserved.

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Bruce Nathaniel
Listing Agent
Bruce Nathaniel
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Beacon Realty Group
(401) 425-6346