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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.

More Info

Basic Information

  • Gross Income $120,000
  • Lot Features Corner Lot
  • Mls StatusActive
  • Parcel Number M:23 L:636

Tax Information

  • Tax Assessed Value $504,700
  • Tax Year 2025
  • Taxes$7,066

Parking

  • Parking Spaces12

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 6
  • Bedrooms15
  • Full Bath6

Basic Information

  • List Price$1,999,999
  • MLS Number73479686
  • Modification Date05/19/2026
  • Property SubType3 Family
  • Virtual TourView Tour

Location

  • Address15-17 278 Emmett, Beacon And Point
  • Building Number15-17 278
  • CountyProvidence
  • StateRI
  • StreetEmmett, Beacon And Point
  • TownProvidence
  • Zip02903

Building

  • Building Area Units Square Feet
  • FoundationOther
  • Levels 3
  • Rooms19
  • Stories3
  • Units6
  • Year Built1904
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.1

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,008
  • Lot Size Square Feet 4,190
  • Lot Size Units Acres
  • Square Feet3,008

Legal

  • Zoning-

Other

  • Date Listed02/24/2026
  • Farm Land Area Units Square Feet
  • View Count5

Map Location

Driving Directions

Listed by Michael Alves of HomeSmart Professionals Real Estate

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