15-17 278 Emmett, Beacon And Point, Providence, RI 02903

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 $1,600,000

  • 15 BedroomBedrooms
  • 6 BathroomBathrooms
  • 4,284 Sq.Ft.
  • Multi-Family
  • Active
  • MLS# 73479686
  • Sold On
  • Rental
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Source MLS Verified

PROPERTY DESCRIPTION

Opportunity to acquire a multi-parcel assemblage offering strong in-place income with substantial development upside. Individually stable and collectively powerful, this portfolio presents both immediate cash flow and long-term density potential.Highlights:278 Point Street: 3-family, fully rented, ~$5,600/month income; right to add 3 additional units by right (no variances) 3,088 SFLand 7,522 SF1517 Emmett Street: 3-family, fully rented, ~$4,200/month income; right to add 1 additional unit by right3,007.5 SFLand 4,190 SFBeacon Street: Development potential for 12 additional unitsStrong existing cash flow while pursuing expansionAssemblage potential to support a redevelopment exceeding 28+ residential units (subject to planning & zoning review)Ideal for investors or developers seeking stabilized income with significant future build-out opportunity.

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Property Details

General

  • County: Providence
  • Acreage: 0.1
  • Beds: 15
  • Full Bathrooms: 6
  • Year Built: 1904
  • Sq. Ft.: 4,284
  • Lot Description: Corner Lot
  • Garage/Parking Spaces: 0.00

Financial Considerations

  • Tax Amount: $7,066
  • Tax Year: 2025

Activity

  • Days On Market: 244
  • List Date: 02/23/2026
 

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