15 - 17 Emmett Street Providence

$1,999,999
6,096 sq ft

The Property

Two 3 units with an extra lot! Point, Emmet and Beacon St!

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 SF

Land 7,522 SF

15–17 Emmett Street: 3-family, fully rented, ~$4,200/month income; right to add 1 additional unit by right

3,007.5 SF

Land 4,190 SF

Beacon Street: Development potential for 1–2 additional units

Strong existing cash flow while pursuing expansion

Assemblage 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.

Contact Associate

Listing Details

MLS Number

1405381

Lot Size:

0.27 acres

Features

  • Basement: Full
  • Free Standing
  • Year Built: 1904

Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today73-90.1% decrease in inventory
    New on Market *18-21.7% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$199.92$31 increase in List Price/Sq.Ft.
    Avg. Sale Price *$615,000$500,000 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *77.78%-17.8% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$194.74$54 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *1312 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Homesmart Professionals

Similar Listings

Exclusively From Us To You

We invite you to join our exquisite collection of properties, latest news and events.

Thank you for subscribing!