Three-Family Income
61 Emanuel Street North Providence, RI 02911
New
61 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 61 Emanuel Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 7, Bedroom 4, Bedroom 3, Bedroom 6, 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# 1418172
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 well-maintained three-family property includes a detached garage and is set on a generously sized lot. The asset is currently fully occupied and generates rental income, and it features recent renovations throughout, supporting a turnkey condition.
Located in North Providence, the property offers convenient access to major transportation routes and nearby shopping, restaurants, schools, and recreational amenities. It is also minutes from downtown Providence, providing access to employment centers and cultural attractions.
With substantial lot size and ample frontage, the property may offer flexibility for future growth, including potential for additional development or an additional build or ADU, subject to municipal approvals. The seller may also consider a package sale with MLS 1414016.
Located in North Providence, the property offers convenient access to major transportation routes and nearby shopping, restaurants, schools, and recreational amenities. It is also minutes from downtown Providence, providing access to employment centers and cultural attractions.
With substantial lot size and ample frontage, the property may offer flexibility for future growth, including potential for additional development or an additional build or ADU, subject to municipal approvals. The seller may also consider a package sale with MLS 1414016.
Key Highlights
- Three‑family property built in 1920 with a detached garage
- Currently fully occupied and generates rental income
- Recent renovations throughout
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 - Well-maintained three-family property with a detached garage on a sizable lot, currently fully occupied.
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 $799,900.
What are key features of this property?
This property features: Three‑family property built in 1920 with a detached garage; Currently fully occupied and generates rental income; Recent renovations throughout
