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$1,799,999

49 61 Emanuel Street
North Providence, RI 02911
Listed by Melissa Riley
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1920

About this home

Outstanding investment and development opportunity!! This property features two fully leased multifamily properties along with approved plans for a luxury four-unit residential development. Situated on an expansive parcel with substantial frontage and site potential, this project is shovel-ready with all approvals in place. Generate immediate rental income while moving forward with a high-end new construction development. The two 3 family dwellings have been recently renovated and have stable tenants and strong in-place income. The property also includes approvals for a four-unit residential development, offering endless possibilities for a visionary investor or developer to create a premier project tailored to the market. Ideally situated in a desirable suburban setting, this location offers the perfect balance of neighborhood charm and convenience, with easy access to major highways, shopping, dining, local amenities, and all that downtown Providence has to offer.

Property details

MLS #
1412892
Property type
Commercial
Subdivision
N/A
Status
Active
Days on market
10
On market date
May 18, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
20
Lot size
30,492 sqft
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
James L. McGuire School
0.71 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
377
Student:teacher ratio
14.0:1
District
North Providence
Middle
Dr. Edward Ricci School
0.2 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
405
Student:teacher ratio
13.5:1
District
North Providence
High
Mount Pleasant High
1.15 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,174
Student:teacher ratio
14.5:1
District
Providence

Walkability

Blended score for North Providence's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

84
Highly walkable
out of 100
EPA National Walkability Index
15.2 / 20 -- Above average walkable
Google Places amenity density
95 / 100
Restaurants & cafes20
Grocery stores3
Parks4
Schools11
Transit stops20
Pharmacies5

Market position

How this listing compares to current activity in North Providence, from live MLS data.

On the market 10 days -- 28 fewer days than North Providence's current average of 38 days.
For reference, the median list price across 220 active listings in North Providence right now is $392,450.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$10,990/mo
$360,000 down
$1,439,999 loan
Principal & interest$9,340
Property tax (est.)$1,500
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated May 29, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.