Three-Unit Residential
For Sale
$725,000
126 Coyle Avenue, Pawtucket, RI 02861
Fully occupied with a two-bedroom residence and two three-bedroom residences, plus off-street parking and a yard.
Property Size4,361 SF
Price / SF$166.25
Days on Market15
Property Features for 126 Coyle Avenue
General Information
Standard status
Active
Size
4,361 SF
Property subtype
MultiFamily
Building Details
Year Built
1890
Listing Agency:
Century 21 Limitless
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Source:
Lockandkeyre
Added: Sep 29
Changed: Oct 13
Last Checked: Oct 12 at 7:33PM
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 Century 21 Limitless
Investment Insights
Based on property information with market context.
This 4,361-square-foot residential property contains three units: two with three bedrooms each and one with two bedrooms. Hardwood flooring, stainless steel appliances, and ample windows are present in each residence. The property was built in 1890 and includes off-street parking and a yard.
The property is in Pawtucket, near Newport Avenue, Armistice Boulevard, Route 1A, and I-95. Slater Memorial Park and the Pawtucket/Central Falls Transit Center are nearby; the transit center offers MBTA commuter rail and RIPTA bus service. Shopping, restaurants, schools, and public transportation are also in the surrounding area.
The property is in Pawtucket, near Newport Avenue, Armistice Boulevard, Route 1A, and I-95. Slater Memorial Park and the Pawtucket/Central Falls Transit Center are nearby; the transit center offers MBTA commuter rail and RIPTA bus service. Shopping, restaurants, schools, and public transportation are also in the surrounding area.
Key Highlights
- Three residential units: two 3‑bedroom units and one 2‑bedroom unit
- 4,361 square feet; built in 1890
- Fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,629
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,580
$1.2M
Cap Rate 7%
$823,271
$823.3K
Cap Rate 9%
$640,322
$640.3K
Market Conditions
NOI Build-Up for 4,361 SF
Gross rent
$111.5K $25.56/SF
− Vacancy
−$6.7K −$1.53/SF
EGI
$104.8K $24.03/SF
− OpEx
−$47.2K −$10.81/SF
NOI
$57.6K $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 Rate 5%
$1,152,580
Cap Rate 7%
$823,271
Cap Rate 9%
$640,322
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$907.7K – $1.21M
NOI $72,613 @ 7.0% cap · market cap 10.02%
Second Best
Apartment 5plus
$823.3K
$720.4K – $960.5K
NOI $57,629 @ 7.0% cap · market cap 7.95%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
Explore this area
Business Placement
Demographics for 02861, RI
27,833
Population
11,928
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
3.6 sq mi
ZIP Area
7,731
Density / Sq Mi
$83,044
Median Household Income
$47,384
Median Earnings
$1,278
Median Rent
$285,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied with a two-bedroom residence and two three-bedroom residences, plus off-street parking and a yard.
Where is this triplex located?
The property is located at 126 Coyle Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Three residential units: two 3‑bedroom units and one 2‑bedroom unit; 4,361 square feet; built in 1890; Fully occupied
