Two-Family Home with Detached
127 Meadow Street Pawtucket, RI 02860
For Sale
$669,900
Legal two-family residence includes newer roof and heating system plus a detached 2-bedroom dwelling on a corner lot.
Property Size1,794 SF
Lot Size0.23 Acres
Price / SF$373.41
Days on Market21
Property Features for 127 Meadow Street
General Information
- Standard status
- Active
- Size
- 1,794 SF
- Lot size
- 0.23 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1880
Listing Agency:
HERE Realty
(401) 862-1251
Listed By:
Catherine Espinosa
Source:
Lockandkeyre
Added: Jul 7
Changed: Jul 23
Last Checked: Jul 26 at 1:50PM
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 HERE Realty
Investment Insights
Based on property information with market context.
This legal two-family home offers flexibility with each unit featuring 2 bedrooms and 1 full bathroom. Recent updates include a newer roof and a newer heating system. The property sits on a 10,000-square-foot corner lot and also includes a separate detached additional dwelling at 123 Meadow Street, providing another 2-bedroom, 1-bath setup.
The detached building has been formerly used as a flower shop, and it may support supplemental income or extended living arrangements, along with other permitted uses. The expansive lot provides ample off-street parking and generous backyard space.
For convenient commuting and access, the property is located with easy access to I-95 and Route 1, and is just minutes from the Pawtucket/Central Falls MBTA Station. It is also described as minutes from Downtown Pawtucket, Centreville Bank Stadium, Hope Artiste Village, Slater Memorial Park, shopping, restaurants, and the Massachusetts border.
The detached building has been formerly used as a flower shop, and it may support supplemental income or extended living arrangements, along with other permitted uses. The expansive lot provides ample off-street parking and generous backyard space.
For convenient commuting and access, the property is located with easy access to I-95 and Route 1, and is just minutes from the Pawtucket/Central Falls MBTA Station. It is also described as minutes from Downtown Pawtucket, Centreville Bank Stadium, Hope Artiste Village, Slater Memorial Park, shopping, restaurants, and the Massachusetts border.
Key Highlights
- Legal two‑family home built in 1880 with two 2‑bedroom, 1‑bath units
- Recent updates include a newer roof and a newer heating system
- 10,000 sq ft corner lot with ample off‑street parking and a generous backyard
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 | $45.6k | $25.44 |
| − Vacancy | −$3.0k | −$1.65 |
| EGI | $42.7k | $23.79 |
| − OpEx | −$12.8k | −$7.14 |
| NOI | $29.9k | $16.65 |
1,794 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$426.7K
$373.4K – $497.9K
NOI $29,871 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$338.7K
$296.3K – $395.1K
NOI $23,707 @ 7.0% cap · market cap 3.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Legal two-family residence includes newer roof and heating system plus a detached 2-bedroom dwelling on a corner lot.
Where is this triplex located?
The property is located at 127 Meadow Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $669,900.
What are key features of this property?
This property features: Legal two‑family home built in 1880 with two 2‑bedroom, 1‑bath units; Recent updates include a newer roof and a newer heating system; 10,000 sq ft corner lot with ample off‑street parking and a generous backyard
