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.
- Sewer:
- Public Sewer
- Water:
- Public
- Garage Parking
- Lead Paint:
- Unknown
- Market Time:
- 5
- Parking Spaces:
- 12
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $665
- Zoning:
- -
- No Units:
- 6
- Orig Price:
- $1,999,999
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Providence
- State:
- RI
- County:
- Providence
- Postal Code:
- 02903
- Longitude:
- W72° 35' 9.9''
- Latitude:
- N41° 48' 51''
Residential Income
15-17 278 Emmett, Beacon And Point, Providence, Rhode Island
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,999,999
- Bedrooms :
- 15
- Rooms :
- 19
- Total Bathrooms :
- 6
- Full Bathrooms :
- 6
- Square Footage :
- 3,008 Sqft
- Year Built :
- 1904
- Lot Area :
- 0.10 Acre
- Listing ID :
- 73479686
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
