3-Unit Multifamily
New
For Sale
$725,000
126 Coyle Avenue, Pawtucket, RI 02861
Residential Income, Pawtucket, RI
Property Size4,361 SF
Lot Size0.12 Acres
Price / SF$166.25
Days on Market7
Property Features for 126 Coyle Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 8, Bedroom 7, Basement, Bedroom 3, Bathroom 1
Parking
3
Parking features
None
Basement
Full, Unfinished
Appliances
Gas Water Heater
Standard status
Active
Size
4,361 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5946
Utilities
Heating system
Natural Gas, Baseboard
Amenities
off-street parking
yard
hardwood flooring
stainless steel appliances
Building Details
Year built
1890
Number of units
3
Flooring type
Hardwood
Building materials
Vinyl Siding
Listing Agency:
Century 21 Limitless · Century 21 Real Estate
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Added: Sep 29
Last Checked: Oct 5 at 4:06PM
MLS# 1424336
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.
This 4,361-square-foot triplex contains two three-bedroom apartments and one two-bedroom apartment. Hardwood flooring and stainless steel appliances are featured in each unit, with baseboard heat fueled by natural gas. The 1890 building has vinyl siding and occupies a 0.12-acre lot. The property is fully occupied and includes off-street parking and a yard.
The property is in Pawtucket, near Newport Avenue, Armistice Boulevard, Route 1A, and I-95. Shopping, restaurants, schools, public transportation, Slater Memorial Park, and the Pawtucket/Central Falls Transit Center are nearby. The transit center offers MBTA commuter rail and RIPTA bus connections.
The property is in Pawtucket, near Newport Avenue, Armistice Boulevard, Route 1A, and I-95. Shopping, restaurants, schools, public transportation, Slater Memorial Park, and the Pawtucket/Central Falls Transit Center are nearby. The transit center offers MBTA commuter rail and RIPTA bus connections.
Key Highlights
- Two 3‑bedroom apartments and one 2‑bedroom apartment
- 4,361 square feet on a 0.12‑acre lot
- Fully occupied, with off‑street parking and a yard
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.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
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
Check the figures for this property
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 - Three distinct apartment layouts are complemented by hardwood floors and stainless steel appliances throughout.
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: Two 3‑bedroom apartments and one 2‑bedroom apartment; 4,361 square feet on a 0.12‑acre lot; Fully occupied, with off‑street parking and a yard
