Triplex With Detached
New
For Sale
$729,900
49 Emanuel Street, North Providence, RI 02911
A renovated three-unit property includes one vacant apartment and a separate garage.
Property Size2,700 SF
Price / SF$270.33
Days on Market7
Property Features for 49 Emanuel Street
General Information
Standard status
Active
Size
2,700 SF
Property subtype
MultiFamily
Occupancy
67%
Additional Details
Highway Access
Yes
Multifamily Units
3
Tenant in Place
Yes
Building Details
Year Built
1920
Listing Agency:
Westcott Properties
(401) 421-5300
Listed By:
Melissa Riley · License #RES.0033799
Source:
Lockandkeyre
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 24 at 6:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Westcott Properties
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Investment Insights
Based on property information with market context.
At 49 Emanuel Street, this three-family property includes a detached garage and was built in 1920. The building has been renovated, and two of its three apartments are occupied; the second-floor unit is vacant.
The property is in North Providence, with access to major highways, shopping, restaurants, local amenities, and downtown Providence. The site may offer potential for an accessory dwelling unit or other development, subject to local approvals.
The property is in North Providence, with access to major highways, shopping, restaurants, local amenities, and downtown Providence. The site may offer potential for an accessory dwelling unit or other development, subject to local approvals.
Key Highlights
- Three‑family property with two of three apartments occupied
- Detached garage on the property
- Second‑floor apartment is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,956
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$899,120
$899.1K
Cap Rate 7%
$642,229
$642.2K
Cap Rate 9%
$499,511
$499.5K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$68.7K $25.44/SF
− Vacancy
−$4.5K −$1.65/SF
EGI
$64.2K $23.79/SF
− OpEx
−$19.3K −$7.14/SF
NOI
$45.0K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$899,120
Cap Rate 7%
$642,229
Cap Rate 9%
$499,511
Alternative Uses
Best Use
Multifamily LT 5
$642.2K
$562.0K – $749.3K
NOI $44,956 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$509.7K
$446.0K – $594.7K
NOI $35,679 @ 7.0% cap · market cap 4.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
66.7%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
Explore this area
Business Placement
Demographics for 02911, RI
16,384
Population
6,894
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
2.5 sq mi
ZIP Area
6,554
Density / Sq Mi
$85,803
Median Household Income
$53,209
Median Earnings
$1,480
Median Rent
$319,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A renovated three-unit property includes one vacant apartment and a separate garage.
Where is this triplex located?
The property is located at 49 Emanuel Street North Providence, RI.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Three‑family property with two of three apartments occupied; Detached garage on the property; Second‑floor apartment is vacant
