$1,600,000
 $8,589 est/mo Sourced by Back At You

15-17 278 Emmett,Providence, RI 02903

Providence, RI 02903

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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 SF15-17 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 1-2 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.

Details

MLS #73479686
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1904
Days On Site219
Listing Provided ByRemax Revolution | Michael Alves

Features

Bed(s)15
Bath(s) 6 Total
SQ Feet3,008
Story(s)3
Units6
Zoning-
Acreage0.10

Interior

Rooms Total19
Fireplaces Total0
Fireplace Yes / NoNo

Exterior

Foundation DetailsOther
Lot FeaturesCorner Lot

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Taxes

Tax Annual Amount7066
Tax Assessed Value504700
Tax Year2025

Location

Senior Community Yes / NoNo

Area Information

StateRI
CountyProvidence
CityProvidence
Zip Code02903
AreaProvidence
Listing VS Median (in 02903)
Price:
$1,600,000
low | high
Med:
$1,375,000
64.0625% of Average
sqft:
3,008
low | high
Med:
2,553
65.126329787234% of Average
$ / sqft:
$532
low | high
Med:
$540
48.474737845567% of Average
On site:
219
low | high
Med:
165.5
100% of Average
Sourced by Back At You

Market Activity 02903

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Contact

Learn More About This Property

Wendy Tauber

Wendy Tauber

HK Realty

 (603) 502-7151wendy@h-krealty.com
StateRI
CountyProvidence
CityProvidence
Zip Code02903
AreaProvidence
Listing VS Median (in 02903)
Price:
$1,600,000
low | high
Med:
$1,375,000
64.0625% of Average
sqft:
3,008
low | high
Med:
2,553
65.126329787234% of Average
$ / sqft:
$532
low | high
Med:
$540
48.474737845567% of Average
On site:
219
low | high
Med:
165.5
100% of Average
Sourced by Back At You
Listing Updated: September 29, 2026 at 7:14:39 AM PDT