Renovated Three-Family with Detached
49 Emanuel Street North Providence, RI 02911
49 Emanuel Street, North Providence, RI, 02911
$849,900
For Sale
$849,900
MULTI_FAMILY - North Providence, RI
Property Size2,700 SF
Lot Size0.35 Acres
Price / SF$314.78
Days on Market48
Property Features for 49 Emanuel Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 8, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Basement, Bedroom 7, Bedroom 6
- Parking
- 12
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 2,700 SF
- Lot size
- 0.35 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 Agency
Westcott Properties
(401) 421-5300
178 Broadway, Providence, RI
Listed by
Melissa Riley · License #RES.0033799
(401) 421-5300
Added: May 31 Checked: Jul 17 at 4:06 am
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.
Investment Insights
Based on property information with market context.
This fully leased three-family property at 49 Emanuel Street in North Providence, RI features a detached garage and a recently renovated residence. The current configuration supports three separate units, with in-place tenant occupancy. The site sits on an approximately 0.3516-acre lot with significant frontage, providing room for future possibilities. Subject to approvals, there may be potential to add an accessory dwelling unit (ADU) or pursue other development options on the property.
The home is positioned in North Providence and is described as offering easy access to major highways, shopping, dining, and local amenities, along with convenient access to downtown Providence. The property is being offered for sale and may be purchased as part of a package that includes MLS 1414035.
For buyers seeking a small multifamily with immediate, occupied status and a recently renovated interior, this three-family setup offers a straightforward residential income profile. The combination of detached garage space, a lot sized for potential additional development, and existing tenant occupancy may appeal to owner-occupants and investors evaluating both current cash-flow needs and longer-term site flexibility, subject to applicable approvals.
The home is positioned in North Providence and is described as offering easy access to major highways, shopping, dining, and local amenities, along with convenient access to downtown Providence. The property is being offered for sale and may be purchased as part of a package that includes MLS 1414035.
For buyers seeking a small multifamily with immediate, occupied status and a recently renovated interior, this three-family setup offers a straightforward residential income profile. The combination of detached garage space, a lot sized for potential additional development, and existing tenant occupancy may appeal to owner-occupants and investors evaluating both current cash-flow needs and longer-term site flexibility, subject to applicable approvals.
Key Highlights
- Fully leased three‑family property for immediate in‑place income
- Recently renovated three‑family residence with stable tenants
- Detached garage included
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully leased three-family on an expandable lot with a detached garage and recently renovated units.
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 for immediate in‑place income; Recently renovated three‑family residence with stable tenants; Detached garage included
