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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 6 |
| Living area | 3,008 sqft |
| Lot size | 4,190 sqft |
| Year built | 1904 |
| Price / sqft | $665 |
| County | Providence |
| MLS # | 73479686 |
Listing status
| Days on market | 85 days |
| Listed on | February 23, 2026 |
Taxes & financials
| Annual property tax | $7,066 |
| Tax year | 2025 |
| Assessed value | $504,700 |
| Zoning | - |
| Gross income (actual) | $120,000/yr |
| Net operating income (actual) | $77,787/yr |
| Total actual rent | $10,000/mo |
| Electric expense | $0/yr |
| Insurance expense | $9,220/yr |
Building & lot
| Stories | 3 |
| Total rooms | 19 |
| Lot size | 0.1 acres |
| Garage spaces | 0 |
| Parking spaces | 12 |
| Foundation | Other |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Providence →
Listing courtesy of HomeSmart Professionals Real Estate — Michael Alves. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 15-17 278 Emmett, Beacon And Point, Providence RI 02903 have?
It is a 6-unit multi-family property with 3,008 sqft of living area, built in 1904.
How long has 15-17 278 Emmett, Beacon And Point, Providence RI 02903 been on the market?
15-17 278 Emmett, Beacon And Point, Providence RI 02903 has been listed for 85 days (since February 23, 2026).
What is the price per unit?
At a list price of $1,999,999 across 6 units, that works out to roughly $333,333 per unit.
What are the property taxes on 15-17 278 Emmett, Beacon And Point, Providence RI 02903?
Annual property taxes are $7,066 (2025), on an assessed value of $504,700.
What is the price per square foot?
At $1,999,999 for 3,008 sqft, that's about $665 per square foot.
Is there parking?
12 total parking spaces.
Where is this property located?
15-17 278 Emmett, Beacon And Point, Providence RI 02903 is in Providence, Providence County, MA 02903.
