Triplex with Detached
New
For Sale
$729,900
61 Emanuel Street, North Providence, RI 02911
The property is fully occupied and situated in North Providence.
Property Size2,700 SF
Price / SF$270.33
Days on Market4
Property Features for 61 Emanuel Street
General Information
Standard status
Active
Size
2,700 SF
Property subtype
MultiFamily
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
3
Tenant in Place
Yes
Building Details
Year Built
1920
Listing Agency:
Westcott Properties
Listed By:
Melissa Riley · License #RES.0033799
(401) 421-5300
Source:
Lockandkeyre
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 4 at 9:54AM
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
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Investment Insights
Based on property information with market context.
This three-unit residential property includes a detached garage and dates to 1920. All units are occupied, providing an established residential configuration on Emanuel Street in North Providence.
The property is in North Providence, with downtown Providence described as minutes away. It is offered individually or in a package with 49 Emanuel Street.
The property is in North Providence, with downtown Providence described as minutes away. It is offered individually or in a package with 49 Emanuel Street.
Key Highlights
- Three‑unit residential property
- Detached garage
- Built in 1920
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
100%
Occupancy
Yes
Highway 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
$319,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Providence County, RI
Properties on Market for Triplexes in Providence County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The property is fully occupied and situated in North Providence.
Where is this triplex located?
The property is located at 61 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‑unit residential property; Detached garage; Built in 1920
