Triplex with Detached Two-Car
For Sale
$719,900
Pending
85 Maynard St, Pawtucket, RI 02860
MULTI_FAMILY - Pawtucket, RI
Property Size3,989 SF
Lot Size0.13 Acres
Days on Market23
Property Features for 85 Maynard St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 8, Bedroom 2, Bedroom 1, Bedroom 7, Bedroom 6, Bedroom 9, Bathroom 1, Bathroom 3, Bedroom 3
Parking
6
Elementary school
Agnes Elementary
Middle school
Joseph Jenks Jr Middle/High
High school
William Tolman High School
Directions
95 S, To exit 42 Downtown, Continue on Broadway. Take Walcott St to Maynard St. Use GPS please.
Standard status
Pending
APN
403142
Size
3,989 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6624
Building Details
Year built
1920
Floors in Building
3
Number of units
3
Listing Agency:
RE/MAX Platinum · RE/MAX International
(781) 484-1957
Listed By:
Scott Jones Jr
(781) 844-5070
Added: Jul 22
Changed: Aug 6
Last Checked: Aug 13 at 2:06AM
MLS# 73553347
Copyright © 2026 MLS Property Information Network 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.
This triplex offers three separate units with 3 bedrooms and 1 full bath each. The property is described as having generous living space per unit, with separate utilities for each unit. A full basement provides additional area for storage or potential future finished space, subject to any required approvals. A detached two-car garage and ample off-street parking add convenience for tenants and owners.
Set on a 0.134-acre lot in Pawtucket, the home is zoned RM and was built in 1920. The location is positioned for commuting and everyday needs, with access noted to Interstate 95, the South Attleboro MBTA station, downtown Providence, Slater Park, shopping, restaurants, and schools.
With its three-family layout, dedicated utility setup, and on-site parking with a detached garage, the property can fit an owner-occupant or rental-focused strategy within the residential multifamily framework of the RM zoning designation.
Set on a 0.134-acre lot in Pawtucket, the home is zoned RM and was built in 1920. The location is positioned for commuting and everyday needs, with access noted to Interstate 95, the South Attleboro MBTA station, downtown Providence, Slater Park, shopping, restaurants, and schools.
With its three-family layout, dedicated utility setup, and on-site parking with a detached garage, the property can fit an owner-occupant or rental-focused strategy within the residential multifamily framework of the RM zoning designation.
Key Highlights
- Three‑unit triplex with 3 bedrooms and 1 full bath per unit
- Separate utilities for each unit
- Detached two‑car garage plus ample off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,713
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,054,260
$1.1M
Cap Rate 7%
$753,043
$753.0K
Cap Rate 9%
$585,700
$585.7K
Market Conditions
NOI Build-Up for 3,989 SF
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.
Gross rent
$102.0K $25.56/SF
− Vacancy
−$6.1K −$1.53/SF
EGI
$95.8K $24.03/SF
− OpEx
−$43.1K −$10.81/SF
NOI
$52.7K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,054,260
Cap Rate 7%
$753,043
Cap Rate 9%
$585,700
Alternative Uses
Best Use
Multifamily LT 5
$948.8K
$830.2K – $1.11M
NOI $66,419 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$753.0K
$658.9K – $878.6K
NOI $52,713 @ 7.0% cap · market cap 7.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,905
Businesses Nearby
Explore this area
Business Placement
Demographics for 02860, RI
47,894
Population
21,467
Households
2.2
Avg Household Size
37
Median Age
25%
College-Educated
80%
High-School Grad
5.3 sq mi
ZIP Area
9,037
Density / Sq Mi
$59,954
Median Household Income
$42,038
Median Earnings
$1,112
Median Rent
$287,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Triplex zoned RM with separate utilities, three-bedroom units, and a detached two-car garage plus full basement space.
Where is this triplex located?
The property is located at 85 Maynard St Pawtucket, RI.
What is the asking price?
The asking price for this property is $719,900.
What are key features of this property?
This property features: Three‑unit triplex with 3 bedrooms and 1 full bath per unit; Separate utilities for each unit; Detached two‑car garage plus ample off‑street parking
