$1,999,999
Active15-17 278 Emmett, Beacon and Point
Providence, RI, 02903
Multi-Family · MLS #73479686
Price/sqft
$665
Days on market
New today
Year built
1904
Lot size
0.10 ac
3,008 sq ft
Sq Ft
0.10 acres
Lot
1904
Year Built
Taxes: $7,066 (2025)
About this home
Opportunity to acquire a multi-parcel assemblage offering strong in-place income with substantial development upside. Individually stable and collectively powerful, this portfolio presents both immediate cash flow and long-term density potential.Highlights:278 Point Street: 3-family, fully rented, ~$5,600/month income; right to add 3 additional units by right (no variances) 3,088 SFLand 7,522 SF1517 Emmett Street: 3-family, fully rented, ~$4,200/month income; right to add 1 additional unit by right3,007.5 SFLand 4,190 SFBeacon Street: Development potential for 12 additional unitsStrong existing cash flow while pursuing expansionAssemblage potential to support a redevelopment exceeding 28+ residential units (subject to planning & zoning review)Ideal for investors or developers seeking stabilized income with significant future build-out opportunity.
Listed by Michael Alves · HomeSmart Professionals Real Estate
Schedule a showing
15-17 278 Emmett, Beacon and Point
Estimated payment
$11,535 / month
Loan term
- Principal & interest
- $10,113
- Property tax
- $589
- Home insurance
- $833
Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses listed taxes.