163 Park Street, Pawtucket, RI 02860
MULTI_FAMILY - Pawtucket, RI
- Added:
- Jun 10, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 12 at 12:06 am
Property Features for 163 Park Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- RM
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 3, Bedroom 4, Basement, Bedroom 2
- Parking
- 5
- Parking features
- Garage
- Interior features
- Plumbing (Mixed)
- Basement
- Full, Unfinished
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 2,261 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5225
Utilities
- Heating system
- Baseboard, Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Hardwood, Laminate
- Building materials
- Aluminum Siding
Listing agent Jaston Robinson (401) 649-2358
Listing office Here Realty 875 Oaklawn Avenue, Cranston, RI (401) 862-1251
Listing date Jun 10, 2026
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Updated multi‑family on a corner lot in Pawtucket, RI
- Renovated 2nd and 3rd floor units
- Major system refresh: 3 new water heaters and 2 new gas boilers
- Mixed plumbing with gas water heater; heated by natural gas with baseboard heating
- Hardwood and laminate flooring throughout
- Garage parking; window A/C units and public water source
Overview
Located in Pawtucket, Rhode Island, the property benefits from easy access to Route 95. The location is described as approximately 15 minutes to Providence, with commute access to Boston, while remaining close to local shops, dining, and parks.
This offering should appeal to buyers seeking a multi-family property with recently renovated upper units and newly refreshed mechanical systems. With zoning identified as RM, the site is positioned for multi-family use within the existing local zoning framework. Whether you are evaluating owner-occupancy or an investment approach, the combination of unit renovations and installed major system replacements is intended to support a straightforward near-term ownership plan.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.5k | $25.44 |
| − Vacancy | −$3.7k | −$1.65 |
| EGI | $53.8k | $23.79 |
| − OpEx | −$16.1k | −$7.14 |
| NOI | $37.6k | $16.65 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pawtucket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.37567
- Latitude
- 41.889509
