Three-Family Property with
New
For Sale
$729,900
49 Emanuel Street, North Providence, RI 02911
Residential Income, North Providence, RI
Property Size2,700 SF
Lot Size0.35 Acres
Price / SF$270.33
Days on Market2
Property Features for 49 Emanuel Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 1, Bedroom 8, Basement, Bathroom 3, Bedroom 7, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4
Parking
11
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
Listed By:
Melissa Riley
(401) 421-5300
Added: Oct 20
Last Checked: Oct 21 at 7:06AM
MLS# 1426521
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.
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Investment Insights
Based on property information with market context.
This three-family property contains 2,700 square feet across three apartments, with two currently occupied and one vacant. A detached garage is part of the property. The building dates to 1920 and has vinyl siding, hardwood flooring, and natural-gas baseboard heat. The site measures 0.3516 acres.
The property is in North Providence, with access to major highways, shops, restaurants, local services, and downtown Providence. It is offered individually or as a package with the neighboring property at 61 Emanuel Street. Possible future site development, including an accessory dwelling unit, would require local approvals.
The property is in North Providence, with access to major highways, shops, restaurants, local services, and downtown Providence. It is offered individually or as a package with the neighboring property at 61 Emanuel Street. Possible future site development, including an accessory dwelling unit, would require local approvals.
Key Highlights
- Three‑family property with 2,700 square feet
- 0.3516‑acre site
- Two of three apartments occupied; one 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
Yes
Paved road 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
Check the figures for this property
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 - One apartment is vacant, while the remaining two are occupied; a detached garage is also included.
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 2,700 square feet; 0.3516‑acre site; Two of three apartments occupied; one is vacant
