15-17 278 Emmett Beacon Point, Providence, RI, 02903
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
Very Walkable
Good Transit
BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Rhode Island Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $10,113 | $121,356 |
| Home Insurance * | $602 | $7,224 |
| Property Taxes | $1,983 | $23,796 |
| Electricity | $612 | $7,351 |
| Total | $13,310 | $159,720 |
Income You'd Need if You Spent...
Rhode Island FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-24 | Listed for sale | $1,999,999 |
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