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

15beds
6baths
3,008sqft
$1,999,999
$665price/sqft
$13,310/moest. monthly cost
$532,400/yrincome needed

About This Home

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.

Getting Around

85
WalkingVery Walkable
67
TransitGood Transit
58
BikeBikeable

Schools

2/10
10/10
Classical High SchoolGrades 9-120.4 mi

Construction

Condition

  • Year built: 1904

Materials

  • Foundation: Other

Type & Style

  • Home type: MultiFamily
  • Property subType: 3 Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 15
  • Bathrooms: 6
  • Full bathrooms: 6

Features

  • Finished area above ground: 3,008

Interior Area

  • Total structure area: 3,008
  • Total interior livable area: 3,008 sqft

Property

Details

  • Parcel number: M:23 L:636
  • Zoning: -

Lot

  • Lot size: 4,190 sqft
  • Features: Corner Lot

Parking

  • Total spaces: 12
  • Uncovered spaces: 12