85 Governor Street, Providence, RI 02906 - Photo 1

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$1,499,000 Just Listed

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Property Description

Investors take notice! Must see SIX (6) unit multi-family house available in the College Hill neighborhood on the East Side of Providence. Within walking distance to Brown University, RISD and Thayer Street. Easy access to highways, parks, restaurants, shopping, etc. This house features a brand new whole house boiler system, a brand new whole house on demand water heater, newer windows and roof. All units have been well maintained and have hardwood floors, some units have new stainless steel appliances and updated bathrooms. This property has been lead certified. Strong steady rental income stream with long term leases. There is also a SIX (6) bay garage for added income or possible ADU(s). Property is also listed on MLS as Multi-Family Residential MLS#1410945.

Full Property Details

Full Property Details for 85 Governor St

General

Price: $1,499,000
Taxes: $21,986 (2026)
Status: Active
Type: Business
Source: STWMLS
MLS ID: 1412337
Updated: Today (5/12/2026)
Added to Site: Today

Rooms

Other Rooms

Laundry: Common Area

Additional Information

Tennis: Yes

Parking

Total Spaces: 10

Location

County: Providence
Subdivision: Fox Point / College Hill
Near Highway: Yes

Community

Units Assoc/Comm: 21

Heating & Cooling

Cooling Type: None
Heating Type: Gas, Steam

Utilities

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

Structural Information

# Buildings: 1
Architectural Style: Stacked, Side By Side
Structure Type: Apartment
Detached/Attached: Attached
Construction: Masonry
Basement: Yes
Basement Desc.: Full
Stories/Levels: 3
Building Size: 3750
Finished Total: 3,750 Sq. Ft.
Finished Above Grnd: 3,750 Sq. Ft.
Year Built: 1940

Lot Features

Lot Size (Acres): 0.1377
Lot Size (Sq. Ft.): 6,000
Lot Size: 6000
Frontage: City Street, Asphalt
Sidewalks: Yes
Potential Use: Commercial, Mixed Use, Residential

Financial Considerations

Operating Expenses: $41,500
Tax Amount: $21,986
Tax Year: 2026
Owner Pays: Heat, Hot Water, Taxes, Water
Tenant Pays: Electricity

Disclosures and Reports

Inclusions: THIS PROPERTY HAS 6 UNITS. EACH UNIT HAS 4 ROOMS WITH 1 BED, 1 FULL BATH AND IS APPROXIMATELY 625 SQ. FEET.
Property ID: 85GOVERNORSTPROV
Lot Number: 324

Listed by Archive Realty

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Schools

Schools serving 85 Governor St

School District:Providence School District

Name	Grades	Distance
Vartan Gregorian El. School 455 Wickenden Street, Providence, RI 02903	PK-5	0.3 mi
Martin Luther King El. School 35 Camp Street, Providence, RI 02906	K-5	1.1 mi
Mary E. Fogarty El. School 199 Oxford Street, Providence, RI 02905	K-5	1.7 mi
Nathan Bishop Middle School 101 Sessions Street, Providence, RI 02906	6-8	1.2 mi
Roger Williams Middle School 278 Thurbers Avenue, Providence, RI 02905	6-8	1.9 mi
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908	6-8	2.1 mi
Hope High School 324 Hope Street, Providence, RI 02906	9-12	0.9 mi
Classical High School, Providence, RI 770 Westminster Street, Providence, RI 02903	9-12	1.4 mi
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903	9-12	1.5 mi

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

Price & Sales History for 85 Governor St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

5/12/2026

Listed

$1,499,000

—

MLS

Get Price Alerts and Save Property

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

Tax History

Tax History for 85 Governor St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$21,986

73%

$845,600

22%

2024

$12,729

—

$693,700

—

2023

$12,729

$693,700

—

2022

$12,348

-30%

$693,700

45%

2021

$17,579

—

$479,000

—

2019

$17,579

24%

$479,000

2018

$14,145

—

$442,600

—

2017

$14,145

-13%

$442,600

—

2016

$16,243

$442,600

2015

$15,681

—

$426,700

—

2014

$15,681

—

$426,700

—

2013

$15,681

—

$426,700

—

View All

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

Estimate the Cost

Estimate the Cost for 85 Governor St

85 Governor Street, Providence, RI 02906 (MLS# 1412337) is a Business property. 85 Governor Street is currently listed for $1,499,000 and was received on May 12, 2026. Want to learn more about 85 Governor Street? Do you have questions about finding other Business real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

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85 Governor St Providence, RI 02906