Renovated Three-Family
For Sale
$729,000
Pending
61 Emanuel Street, North Providence, RI 02911
Residential Income, North Providence, RI
Property Size2,700 SF
Lot Size0.35 Acres
Days on Market47
Property Features for 61 Emanuel Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 3, Basement, Bedroom 7, Bathroom 3, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2
Parking
12
Basement
Full, Unfinished
Standard status
Pending
Size
2,700 SF
Lot size
0.35 Acres
Additional Details
Tenant in Place
Yes
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
Listed By:
Melissa Riley
(401) 421-5300
Added: Sep 10
Changed: Oct 23
Last Checked: Oct 26 at 8:06AM
MLS# 1422983
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 residential property contains 2,700 square feet on a 0.3516-acre lot and includes a detached garage. Built in 1920, the building has vinyl siding, hardwood flooring, natural-gas baseboard heat, three bathrooms, and seven bedrooms. Recent renovations have been completed, and the property is currently fully occupied.
The property is located at 61 Emanuel Street in North Providence, near shopping, dining, schools, parks, major highways, and other everyday services. Downtown Providence is also described as minutes away. The lot provides generous frontage and may support consideration of an additional building or ADU, subject to municipal approvals.
The property is located at 61 Emanuel Street in North Providence, near shopping, dining, schools, parks, major highways, and other everyday services. Downtown Providence is also described as minutes away. The lot provides generous frontage and may support consideration of an additional building or ADU, subject to municipal approvals.
Key Highlights
- Three‑family property with 2,700 square feet
- 0.3516‑acre lot with generous frontage
- Fully occupied with recent renovations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,956
Cap Rate
6.17%
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 6.17%
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.
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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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Occupied multifamily property with a detached garage, hardwood flooring, and a residential setting near everyday amenities.
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 $729,000.
What are key features of this property?
This property features: Three‑family property with 2,700 square feet; 0.3516‑acre lot with generous frontage; Fully occupied with recent renovations
