Three-Family Residential Income
49 Emanuel Street North Providence, RI 02911
New
49 Emanuel Street, North Providence, RI, 02911
$799,900
For Sale
$799,900
Recently renovated three-family with a detached garage on an expansive lot; first-floor unit is soon to be vacant.
Property Size2,700 SF
Price / SF$296.26
Days on Market2
Property Features for 49 Emanuel Street
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing Agency
Westcott Properties
(401) 421-5300
Listed by
Melissa Riley · License #27164
Source
Onshorerealtors
Added: Jul 19 Updated: Jul 20 at 1:57 am Checked: Jul 20 at 1:57 am
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
Investment Insights
Based on property information with market context.
This fully leased three-family residence has been recently renovated and includes a detached garage. The property is currently occupied by stable tenants, with strong in-place income available upon current occupancy, and the first-floor unit is soon to be vacant and may be suited for owner-occupancy. The home sits on an expansive lot with significant frontage.
The property is located in North Providence, RI, with easy access to major highways and nearby shopping, dining, and local amenities. The remarks also note convenient access to downtown Providence.
In addition to the existing three-family configuration, the lot offers possibilities for further development, including a potential accessory dwelling unit (ADU) or other value-add opportunities, subject to applicable approvals. The property may be sold alone or as part of a package with MLS 1414035.
The property is located in North Providence, RI, with easy access to major highways and nearby shopping, dining, and local amenities. The remarks also note convenient access to downtown Providence.
In addition to the existing three-family configuration, the lot offers possibilities for further development, including a potential accessory dwelling unit (ADU) or other value-add opportunities, subject to applicable approvals. The property may be sold alone or as part of a package with MLS 1414035.
Key Highlights
- Recently renovated three‑family home with detached garage on an expansive lot
- Fully leased with stable tenants and in‑place rental income; first‑floor unit will be soon vacant
- Year built 1920
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 5.62%
Second Best
Apartment 5plus
$509.7K
$446.0K – $594.7K
NOI $35,679 @ 7.0% cap · market cap 4.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Recently renovated three-family with a detached garage on an expansive lot; first-floor unit is soon to be vacant.
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 $799,900.
What are key features of this property?
This property features: Recently renovated three‑family home with detached garage on an expansive lot; Fully leased with stable tenants and in‑place rental income; first‑floor unit will be soon vacant; Year built 1920
