No photos available for this listing

$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: N/A
Stories: N/A
Garage spaces: N/A
Lot size: 30,492 sqft

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

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

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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.