Two 3 units with an extra lot! Point, Emmet and Beacon St!

278 Point Street, Providence, RI 02903

Property Information

  • For Sale $1,999,999
  • Property Type Multi-Family
  • Property Size 6,096 SF
  • Lot Size 11,712 SF
  • # of Floors 3
  • Property Tenancy Multi-Tenant
  • Year Built 1920
  • Date Updated May 12, 2026

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.
 

Contacts

Michael Alves

REMAX Revolution

Location

Contact Listing Broker
Michael Alves

REMAX Revolution

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