$729,900

About this home

** Welcome to 49 Emanuel Street! ** An exceptional investment opportunity with outstanding income and future development potential! This partially occupied three-family property, complete with a detached garage, delivers immediate rental income while offering the flexibility to maximize the site's long-term value. Positioned on a generously sized lot with substantial frontage, the property presents exciting possibilities for future expansion, including the potential for an accessory dwelling unit (ADU) or other development opportunities, subject to local approvals. The building has been thoughtfully renovated and is currently 2/3 occupied, providing strong, stable cash flow. The second-floor apartment is currently vacant, creating an ideal opportunity for an owner-occupant seeking a spacious primary residence while benefiting from rental income from the units above and below. Located in a sought-after suburban neighborhood, this property combines a convenient location with excellent accessibility. Enjoy quick access to major highways, shopping, restaurants, local amenities, and everything downtown Providence has to offer. Available for purchase individually or together with the neighboring property at 61 Emanuel, for an outstanding investment package.

Property facts

Property type

Multi Family

Year built

1920

Lot size (acres)

0.352

Total rooms

12

Garage spaces

1

Total parking

11

Annual taxes

$7,755

Tax year

2025

County

Providence

Features

Heating

Natural Gas, Baseboard

Cooling

None

Basement

Full, Interior Only, Unfinished

Parking

Detached

Construction

Vinyl Siding

Utilities

Sewer Connected, Water Connected

Location