Renovated Triplex with Development
49 Emanuel Street, North Providence, RI 02911
New
MULTI_FAMILY - North Providence, RI
Property size:
2,700 SFLot size:
0.70 AcresPrice / SF:
$314/SF- Added:
- May 31, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 1 at 3:06 pm
Property Features for 49 Emanuel Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 4, Bathroom 2, Basement, Bedroom 3, Bedroom 1, Bedroom 6
- Parking
- 12
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 2,700 SF
- Lot size
- 0.70 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7755
Utilities
- Heating system
- Natural Gas, Baseboard
Building Details
- Year built
- 1920
- Number of units
- 3
- Flooring type
- Hardwood
- Building materials
- Vinyl Siding
Listing agent Melissa Riley License #RES.0033799 (401) 421-5300
Listing office Westcott Properties 178 Broadway, Providence, RI (401) 421-5300
Listing date May 31, 2026
MLS# 1414016
Listing URL
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully leased three‑family property providing immediate cash flow.
- Expansive lot with significant frontage offering development potential (ADU, etc.).
- Recently renovated residence occupied by stable tenants.
- Detached garage included.
- Ideally located in a highly desirable suburban setting with convenient access to amenities.
- Easy access to major highways, shopping, dining, and downtown Providence.
Overview
This fully leased three-family property in North Providence, Rhode Island, presents an investment and development opportunity. The property includes a detached garage and offers immediate cash flow. Situated on an expansive 0.7-acre lot with significant frontage, the property has possibilities for additional development, including a potential accessory dwelling unit, subject to approvals. The three-family residence has been recently renovated and is occupied by stable tenants, providing in-place income. The property is located in a suburban setting with access to major highways, shopping, dining, local amenities, and downtown Providence. The property size is 2,700 square feet.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.7k | $25.44 |
| − Vacancy | −$4.5k | −$1.65 |
| EGI | $64.2k | $23.79 |
| − OpEx | −$19.3k | −$7.14 |
| NOI | $45.0k | $16.65 |
2,700 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$642.2K
$562.0K – $749.3K
NOI $44,956 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$509.7K
$446.0K – $594.7K
NOI $35,679 @ 7.0% cap · market cap 4.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- North Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.47384
- Latitude
- 41.845621
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Fully leased triplex with development potential in desirable location.
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 $849,900.
What are key features of this property?
This property features: Fully leased three‑family property providing immediate cash flow.; Expansive lot with significant frontage offering development potential (ADU, etc.).; Recently renovated residence occupied by stable tenants.
