428 Hope Street, Providence, RI 02906 - Photo 1

1/1

$1,030,500

Sold
Closed
Commercial Residential Facility

1/1

Property Description

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 with renovated kitchens and freshly painted exterior. A solid turnkey investment in a prime East Side location!

Full Property Details

Full Property Details for 428 Hope St

General

Sold For: $1,030,500
Taxes: $25,025 (2025)
Status: Closed
Type: Commercial Residential Facility
Source: STWMLS
MLS ID: 1391414
Added to Site: 170 day(s) ago

Interior

Furnishings: Unfurnished

Rooms

Other Rooms

Laundry: Common Area

Additional Information

Tennis: Yes
Security/Safety: Carbon Monoxide Detector(s), Fire Alarm, Smoke Detector(s), Security Lights

Parking

Total Spaces: 6

Location

County: Providence
Subdivision: Mount Hope
Near Highway: Yes

Community

Units Assoc/Comm: 21

Heating & Cooling

Heating Type: Baseboard, Hot Water, Individual, Zoned

Utilities

Sewer: Connected, Public Sewer
Water: Connected, Public
Cable Available: Yes
Utility Description: Cable Available, Electricity Available, Natural Gas Available, Municipal Utilities, Water Connected, Sewer Connected

Structural Information

# Buildings: 1
Structure Type: Apartment
Detached/Attached: Detached
Basement Desc.: Crawlspace
Stories/Levels: 3
Building Size: 3850
Finished Total: 3,850 Sq. Ft.
Finished Above Grnd: 3,850 Sq. Ft.
Year Built: 1925

Lot Features

Lot Size (Sq. Ft.): 6,303
Lot Size: 6303
Sidewalks: Yes
Potential Use: Residential

Financial Considerations

Operating Expenses: $58,291
Tax Amount: $25,025
Tax Year: 2025
Tenant Pays: Cable TV, Electricity, Gas, Heat

Disclosures and Reports

Inclusions: Building conveys with kitchen appliances and coin operated washer and dryer
Property ID: 428HOPESTPROV
Lot Number: 104

Listed by Beacon Realty Group
Sold by NAI Advisors

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— 428 Hope St —

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Schools

Schools serving 428 Hope St

School District:Providence School District

Name	Grades	Distance
Martin Luther King El. School 35 Camp Street, Providence, RI 02906	K-5	0.1 mi
Vartan Gregorian El. School 455 Wickenden Street, Providence, RI 02903	PK-5	1.3 mi
Harry Kizirian Elementary School 60 Camden Avenue, Providence, RI 02908	K-5	1.4 mi
Nathan Bishop Middle School 101 Sessions Street, Providence, RI 02906	6-8	0.4 mi
Esek Hopkins Middle School 480 Charles Street, Providence, RI 02904	6-8	1.2 mi
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908	6-8	1.6 mi
Hope High School 324 Hope Street, Providence, RI 02906	9-12	0.2 mi
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903	9-12	1.8 mi
Classical High School, Providence, RI 770 Westminster Street, Providence, RI 02903	9-12	1.8 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 428 Hope St

Date

Details

Price

Change

Source

1/07/2026

Sold

$1,030,500

-18.86%

MLS

8/21/2025

Price Reduced

$1,270,000

-13.61%

MLS

7/31/2025

Listed

$1,470,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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428 Hope St, Providence, RI 02906 - Photo 1

Sold

$1,030,500