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$1,999,999

Active

15-17 278 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 SF15–17 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 1–2 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

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$11,535 / month

Down payment20% · $400,000
Interest rate6.50%

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.