Renovated Medical Office and
460 Smithfield Avenue Pawtucket, RI 02860
460 Smithfield Avenue, Pawtucket, RI, 02860
$965,000
For Sale
$965,000
MULTI_FAMILY - Pawtucket, RI
Property Size4,968 SF
Lot Size0.06 Acres
Price / SF$194.24
Days on Market57
Property Features for 460 Smithfield Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RT
- Bedrooms
- 9
- Bathrooms
- 5
- Rooms
- Bedroom 9, Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 6, Bathroom 5, Bedroom 2, Bathroom 1, Basement, Bedroom 8, Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 3, Bathroom 3
- Parking
- 3
- Parking features
- None
- Interior features
- Cathedral Ceilings
- Basement
- Full, Unfinished, Storage Space
- Appliances
- Gas Water Heater, Dishwasher, Microwave, Oven/Range, Refrigerator
- Standard status
- Active
- Size
- 4,968 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3602
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Natural Gas
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Vinyl
- Building materials
- Vinyl Siding
Listing agency
Keller Williams Leading Edge
(401) 333-4900
Listed by
April Holland · License #1000714
(401) 333-4900
Added: May 27 Updated: Jul 21 at 11:20AM Checked: Jul 22 at 4:06AM
MLS# 1413656
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.
Investment Insights
Based on property information with market context.
A fully renovated four-unit mixed-use property with a first-level, fully accessible medical office space paired with a one-bedroom apartment. The second level includes a two-bedroom unit and a townhouse-style three-bedroom apartment that extends through the third floor. A full-size basement provides additional storage and utility space. Residential units feature modern upgrades, including quartz countertops, large kitchen islands, stainless steel appliances with dishwashers, and in-unit laundry hookups.
Located on Smithfield Avenue in Pawtucket, the property is described as being minutes from a new train station. Additional nearby context noted in the listing includes Tidewater Landing Soccer Stadium and Pawtucket Commons. Zoning is RT.
The seller is offering a $10,000 concession toward the buyer’s closing costs with a good offer, and the property has been renovated from top to bottom with a new exterior, interior design, structure, and roof.
Located on Smithfield Avenue in Pawtucket, the property is described as being minutes from a new train station. Additional nearby context noted in the listing includes Tidewater Landing Soccer Stadium and Pawtucket Commons. Zoning is RT.
The seller is offering a $10,000 concession toward the buyer’s closing costs with a good offer, and the property has been renovated from top to bottom with a new exterior, interior design, structure, and roof.
Key Highlights
- 4‑unit mixed‑use property in the Fairlawn community of Pawtucket
- Medical office space on the first level plus a spacious one‑bedroom apartment
- Second and third levels include a two‑bedroom unit and a townhouse‑style three‑bedroom apartment
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 | $126.4k | $25.44 |
| − Vacancy | −$8.2k | −$1.65 |
| EGI | $118.2k | $23.79 |
| − OpEx | −$35.5k | −$7.14 |
| NOI | $82.7k | $16.65 |
4,968 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.38M
NOI $82,720 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$937.9K
$820.6K – $1.09M
NOI $65,650 @ 7.0% cap · market cap 6.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Four-unit mixed-use building includes a fully accessible medical office and multiple renovated residential units with in-unit laundry hookups.
Where is this triplex located?
The property is located at 460 Smithfield Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: 4‑unit mixed‑use property in the Fairlawn community of Pawtucket; Medical office space on the first level plus a spacious one‑bedroom apartment; Second and third levels include a two‑bedroom unit and a townhouse‑style three‑bedroom apartment
