“Children” traffic signs and a good number of bungalows, many with lush gardens, mark the streets surrounding Lippitt Memorial Park on the East Side of Providence.

This neighborhood bordering Oak Hill in Pawtucket is primarily residential, with a commercial district on Hope Street that continues onto East Avenue in Pawtucket.

The northern point of the triangular-shaped Lippitt Park is located where Blackstone Boulevard meets Hope Street, so residents also have easy access to the park-like Boulevard, which is popular with runners and walkers.

Lippitt Park is a “not-so-big-house” kind of neighborhood — there are 1920s and 1930s-era bungalows and small Colonials, along with some multifamily housing, on smaller lots, and a number of front yards are overflowing in the spring with flowering bushes, annuals and perennials.

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Compared with other districts in the East Side, prices in Lippitt Park are also not so big.

Kevin Fox of Coldwell Banker Residential Brokerage said Tuesday that he expected to put his listing at 193 Chace Ave. under contract that night. The house, a three-bedroom, two-bath bungalow built in 1930, priced at $399,000, was on the market for just 33 days.

“It’s an affordable entry point to the East Side,” Fox said of the neighborhood. He said houses on the East Side that are in good shape, have modern kitchens and are priced under $450,000 or $500,000 are the easiest to sell in today’s market.

Fox said Lippitt Park attracts a diverse set of buyers, including young families and single professionals. “The idea that Blackstone Boulevard is your front yard is especially appealing,” he said.

Fox added that the Saturday Hope Street Farmers’ Market was recently moved from Hope High School to the 6-acre Lippitt Memorial Park.

“Some of the lots are smaller up there,” he said, “but there are some great houses, really beautiful, neat houses,” he said.

Lippitt Memorial Park was named for former Rhode Island Gov. Charles W. Lippitt, a Republican who was the brother of Henry Lippitt, a textile mill owner who also had served as governor. Charles W. Lippitt was governor from 1895 to 1897; Henry Lippitt was governor from 1875 to 1877.

Henry Lippitt’s family mansion at 199 Hope St., built in 1865, today is the Governor Henry Lippitt Museum. Henry Lippitt was the great-grandfather of the late John Chafee, who also served as a governor of Rhode Island, as well as a U.S. senator and secretary of the Navy, and he was the great-great-grandfather of former U.S. Senator Lincoln Chafee.

There were five houses listed for sale last week in Lippitt Park, ranging in price from $259,900 for a 1930 Cape at 39 Chace Ave., to $399,000 for Fox’s listing at 193 Chace Ave. Another house, a 1933 Colonial at 45 Methyl St., was also offered at $399,000.

A 1920 Colonial at 95 Chace Ave. is for sale for $369,000, and a 1927 bungalow at 175 9th St. is priced at $369,900.

There were two condominiums listed for sale in converted multifamily houses. A condo at 114 9th St., on one level in a 1930 house that was renovated three years ago, is listed at $269,000, and a three-bedroom, first-floor condo at 230 Summit Ave. is for sale for $245,000. Multifamilies for sale near Lippitt Park include a two-family built in 1910 a 97 7th St., priced at $279,000; a two-family built in 1920 at 28 10th St., listed at $349,000; a 1915 duplex at 142 5th St., priced at $375,000; and a 1920 two-family at 230 Summit Ave., listed for $479,900.

POPULATION:

(Providence, 2000) 173,618

MEDIAN HOUSE PRICE:

(East Side of Providence, 2008) $486,000

ETCETERA:

The Lippitt family donated their brick Victorian mansion at 199 Hope St. to Preserve Rhode Island in 1981.

cdunn@projo.com