Three-Family Property with Detached
61 Emanuel Street North Providence, RI 02911
61 Emanuel Street, North Providence, RI, 02911
$849,900
For Sale
$849,900
MULTI_FAMILY - North Providence, RI
Property Size2,700 SF
Lot Size0.35 Acres
Price / SF$314.78
Days on Market47
Property Features for 61 Emanuel Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 7, Basement, Bedroom 1, Bathroom 1
- Parking
- 12
- Basement
- Unfinished, Full
- 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: May 31 Checked: Jul 16 at 11:06 pm
MLS# 1414035
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 is currently fully occupied and designed for straightforward rental operations. The home includes recent renovations throughout, supporting a turn-key presentation, and is complemented by a detached garage. The property sits on a generously sized lot with ample frontage, offering practical flexibility for future possibilities, subject to municipal approvals.
Located in North Providence, Rhode Island, the property benefits from convenient access to major transportation routes and nearby shopping, restaurants, schools, and recreational amenities. It is also just minutes from downtown Providence, providing relatively quick access to employment centers and local attractions.
For buyers seeking an income-producing residential asset, the current occupancy and recent updates provide a ready-to-manage foundation. The additional lot area may appeal to those interested in exploring further development options such as an additional build or an accessory dwelling unit (ADU), subject to permitting. The property may also be purchased as part of a package with MLS 1414016.
Located in North Providence, Rhode Island, the property benefits from convenient access to major transportation routes and nearby shopping, restaurants, schools, and recreational amenities. It is also just minutes from downtown Providence, providing relatively quick access to employment centers and local attractions.
For buyers seeking an income-producing residential asset, the current occupancy and recent updates provide a ready-to-manage foundation. The additional lot area may appeal to those interested in exploring further development options such as an additional build or an accessory dwelling unit (ADU), subject to permitting. The property may also be purchased as part of a package with MLS 1414016.
Key Highlights
- Three‑family property built in 1920 with vinyl siding and hardwood flooring.
- Fully occupied income‑producing rental property with a detached garage.
- Basement included; additional rooms listed: 7 bedrooms and 3 bathrooms.
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 5.29%
Second Best
Apartment 5plus
$509.7K
$446.0K – $594.7K
NOI $35,679 @ 7.0% cap · market cap 4.20%
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 - Turnkey three-family home with recent renovations, fully occupied status, and a detached garage on a sizable lot.
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 $849,900.
What are key features of this property?
This property features: Three‑family property built in 1920 with vinyl siding and hardwood flooring.; Fully occupied income‑producing rental property with a detached garage.; Basement included; additional rooms listed: 7 bedrooms and 3 bathrooms.
