Two 3 units with an extra lot! Point, Emmet and Beacon St! 278 Point Street, Providence, RI 02903

Availability: for sale

Property Type: Multi-Family

Year Built: 1920

Building Size: 6,096 SF

Land Size: 11712 SF

Price: $1,999,999

Price per SF: $328.08

278 Point St - Video Tour 15-17 Emmett St - Video Tour PROPERTY FLYER PROPERTY FLYER PROPERTY FLYER PROPERTY FLYER PROPERTY FLYER

Michael Alves m.alves@remax.net (401) 523-9555

Overview Details Documents Map Video

Property Description

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 SF
Land 7,522 SF

15–17 Emmett Street: 3-family, fully rented, ~$4,200/month income; right to add 1 additional unit by right
3,007.5 SF
Land 4,190 SF

Beacon Street: Development potential for 1–2 additional units

Strong existing cash flow while pursuing expansion

Assemblage 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.

Full Address: 278 Point Street, Providence, RI 02903

Listing Type: FOR SALE

Status: Active

Occupancy Rate: 100%

Region: E-NE

County: Providence County

Property ID: 4104955

Building Sf: 6,096

Parcel Num: PROV-230636-000000-000000

Number Units: 6

Number Buildings: 2

Year Built: 1920

Tenancy Type: Multi-Tenant

278 Point St - Video Tour
15-17 Emmett St - Video Tour 15 Emmett St - Property Card 278 Point St & 15 Emmett St - P&L 278 Point St - Property Card Palumbo-Emmett-1b - Plan 2 Palumbo-Emmett-1c - Plan 2

278 Point St - Video Tour

15-17 Emmett St - Video Tour

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