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
MULTI_FAMILY - North Providence, RI
Property Size2,700 SF
Lot Size0.35 Acres
Price / SF$296.26
Days on Market2
Property Features for 49 Emanuel Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 7, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 8, Bathroom 2, Bedroom 5, Basement, Bedroom 2, Bathroom 3
- 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
- Baseboard, Natural Gas
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: Jul 17 Checked: Jul 18 at 6:06 am
MLS# 1418173
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 recently renovated three-family residence features in-place, stable tenant occupancy and a detached garage. The first-floor unit is soon to be vacant, offering flexibility for an owner-occupant scenario or continued tenancy planning.
Set on an expansive lot with significant frontage, the property presents additional development possibilities, including an accessory dwelling unit (ADU) or other value-add opportunities, subject to applicable approvals. It also offers convenient access to major highways and is positioned near shopping, dining, local amenities, and Providence-area attractions.
Offered for sale in North Providence, the property is listed as a single asset and may also be sold as part of a package with MLS 1414035.
Set on an expansive lot with significant frontage, the property presents additional development possibilities, including an accessory dwelling unit (ADU) or other value-add opportunities, subject to applicable approvals. It also offers convenient access to major highways and is positioned near shopping, dining, local amenities, and Providence-area attractions.
Offered for sale in North Providence, the property is listed as a single asset and may also be sold as part of a package with MLS 1414035.
Key Highlights
- Fully leased three‑family property with stable tenants and in‑place rental income
- Recently renovated three‑family residence with a first‑floor unit soon to be vacant
- Detached garage and expansive lot with significant frontage
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
Property Profile
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 detached garage on an expansive lot, including stable tenant occupancy and a first-floor unit soon available.
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: Fully leased three‑family property with stable tenants and in‑place rental income; Recently renovated three‑family residence with a first‑floor unit soon to be vacant; Detached garage and expansive lot with significant frontage
