Three-Unit Multifamily with Two
127 Meadow Street Pawtucket, RI 02860
New
For Sale
$659,900
MULTI_FAMILY - Pawtucket, RI
Property Size2,674 SF
Lot Size0.23 Acres
Price / SF$246.78
Days on Market1
Property Features for 127 Meadow Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Rooms
Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Basement, Bedroom 2, Bedroom 3
Parking
8
Parking features
None
Interior features
Wall (Dry Wall), Stairs, Plumbing (Mixed), Insulation (Walls)
Basement
Full, Finished
Appliances
Gas Water Heater, Dryer, Oven/Range, Refrigerator, Washer
Standard status
Active
Size
2,674 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5653
Utilities
Heating system
Electric (Heating), Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1880
Floors in Building
2
Number of units
3
Flooring type
Tile - Ceramic, Hardwood, Laminate
Building materials
Dry Wall, Shingles, Vinyl Siding
Listing Agency:
Here Realty
(401) 862-1251
Listed By:
Catherine Espinosa
(401) 255-4157
Added: Jul 27
Last Checked: Jul 27 at 5:06PM
MLS# 1418931
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 three-unit multifamily property is arranged across two separate buildings on a corner lot. The main building at 127 Meadow Street contains two units with two bedrooms and one bathroom each. A detached second building at 123 Meadow Street provides an additional two-bedroom, one-bath unit.
Recent updates include a newer roof and a newer heating system. The lot size supports ample off-street parking and a generous backyard area.
With three total rental units and an overall property size of 2,674 square feet, this offering is positioned for owner-occupancy or investment use. The property is located with convenient access to I-95, Route 1, and the Pawtucket/Central Falls MBTA Station, and is minutes from Downtown Pawtucket and nearby community amenities.
Recent updates include a newer roof and a newer heating system. The lot size supports ample off-street parking and a generous backyard area.
With three total rental units and an overall property size of 2,674 square feet, this offering is positioned for owner-occupancy or investment use. The property is located with convenient access to I-95, Route 1, and the Pawtucket/Central Falls MBTA Station, and is minutes from Downtown Pawtucket and nearby community amenities.
Key Highlights
- Three‑unit multifamily with 2 buildings on a 10,000 sq ft corner lot
- Main building at 127 Meadow St: two 2‑bedroom, 1‑bath units
- Detached building at 123 Meadow St: one 2‑bedroom, 1‑bath unit
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 | $68.0k | $25.44 |
| − Vacancy | −$4.4k | −$1.65 |
| EGI | $63.6k | $23.79 |
| − OpEx | −$19.1k | −$7.14 |
| NOI | $44.5k | $16.65 |
2,674 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$636.0K
$556.5K – $742.1K
NOI $44,523 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$504.8K
$441.7K – $588.9K
NOI $35,336 @ 7.0% cap · market cap 5.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit multifamily spans two buildings on a corner lot, including two 2/1 units and one detached 2/1 unit.
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 $659,900.
What are key features of this property?
This property features: Three‑unit multifamily with 2 buildings on a 10,000 sq ft corner lot; Main building at 127 Meadow St: two 2‑bedroom, 1‑bath units; Detached building at 123 Meadow St: one 2‑bedroom, 1‑bath unit
