Four-Unit Multifamily
For Sale
$699,900
103 Brook Street, Woonsocket, RI 02895
Four-unit residential income property offering a flexible multifamily ownership configuration.
Property Size3,780 SF
Price / SF$185.16
Days on Market13
Property Features for 103 Brook Street
General Information
Standard status
Active
Size
3,780 SF
Property subtype
Multi-Unit (2-4)
Additional Details
Multifamily Units
4
Amenities
Lot Size Acres: 0.19, Lot Size Square Feet: 8276
Total Taxes: $10,366, Tax Year: 2025, Percentage of Tax that is Deductable: 0
Vinyl Floor
Baseboard Heating, Gas Heat Fuel
Sale, Sale Type: Foreclosure, Availability Date: 2026-08-20
Basement Type: Full, Unfinished
12 Bedrooms
Residential Style: Upside Down, Built in 1900, 20 Rooms, Community Laundry
Above Area Square Feet: 3780
Near Bus
4 Full Baths
Amps: 100
Vinyl Siding
Oven, Refrigerator
Building Details
Year Built
1900
Listing Agency:
Your Home Sold Guaranteed Realty, The Nathan Clark Team
(401) 232-7661
Listed By:
Rachel Sanville
(401) 232-7661
Source:
Doyle-realty
Added: Aug 20
Changed: Aug 31
Last Checked: Aug 31 at 1:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Your Home Sold Guaranteed Realty, The Nathan Clark Team
Investment Insights
Based on property information with market context.
This multifamily property contains four residential units within a 3,780-square-foot building constructed in 1900. The configuration provides multiple living spaces within one income-producing asset and may support varied ownership or occupancy arrangements.
Located at 103 Brook Street in Woonsocket, Rhode Island, the property is identified as fully lead certified. Its quadplex classification positions it within the multifamily and residential income property categories.
Located at 103 Brook Street in Woonsocket, Rhode Island, the property is identified as fully lead certified. Its quadplex classification positions it within the multifamily and residential income property categories.
Key Highlights
- Four‑unit multifamily configuration
- 3,780 square feet of building area
- Constructed in 1900
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
$62,939
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
8.99%
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%
$1,258,780
$1.3M
Cap Rate 7%
$899,129
$899.1K
Cap Rate 9%
$699,322
$699.3K
Market Conditions
NOI Build-Up for 3,780 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
$96.2K $25.44/SF
− Vacancy
−$6.3K −$1.65/SF
EGI
$89.9K $23.79/SF
− OpEx
−$27.0K −$7.14/SF
NOI
$62.9K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
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%
$1,258,780
Cap Rate 7%
$899,129
Cap Rate 9%
$699,322
Alternative Uses
Best Use
Multifamily LT 5
$899.1K
$786.7K – $1.05M
NOI $62,939 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$713.6K
$624.4K – $832.5K
NOI $49,951 @ 7.0% cap · market cap 7.14%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
Explore this area
Business Placement
Demographics for 02895, RI
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property offering a flexible multifamily ownership configuration.
Where is this quadplex located?
The property is located at 103 Brook Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Four‑unit multifamily configuration; 3,780 square feet of building area; Constructed in 1900
