Triplex with Period
131 Mulberry Street, Pawtucket, RI 02860
For Sale
New
$750,000
Residential Income, Pawtucket, RI
Property Size4,510 SF
Lot Size0.13 Acres
Price / SF$166.30
Days on Market1
Property Features for 131 Mulberry Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Parking features
Window features
Patio and Porch features
Interior features
Exterior features
Basement
Appliances
Subdivision
Lot features
Standard status
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Buildings
Listing Agency:
Residential Properties Ltd.
(401) 333-9333
Listed By:
Michael Plante · License RI REB.0014946
(401) 487-7600
Added: Nov 12
Last Checked: Nov 12 at 11:06PM
MLS# 1428252
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.
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Investment Insights
Based on property information with market context.
This 4,510-square-foot triplex contains three residences: a 1,740-square-foot unit and two apartments of 1,385 square feet each. Interior features include mahogany parquet flooring, detailed fireplace surrounds, leaded-glass accents, and a cherry kitchen with granite counters. The principal residence also has one and a half baths and porch access. The building was constructed in 1900 on a 0.1303-acre lot.
Each residence has its own heat and electric service. The property is zoned RM and connected to public water and public sewer.
Each residence has its own heat and electric service. The property is zoned RM and connected to public water and public sewer.
Key Highlights
- Three residences totaling 4,510 square feet
- Owner's residence measures 1,740 square feet; two additional apartments are 1,385 square feet each
- Separate heat and electric service for all three residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,597
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,940
$1.2M
Cap Rate 7%
$851,386
$851.4K
Cap Rate 9%
$662,189
$662.2K
Market Conditions
NOI Build-Up for 4,510 SF
Gross rent
$115.3K $25.56/SF
− Vacancy
−$6.9K −$1.53/SF
EGI
$108.4K $24.03/SF
− OpEx
−$48.8K −$10.81/SF
NOI
$59.6K $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%
$1,191,940
Cap Rate 7%
$851,386
Cap Rate 9%
$662,189
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$938.7K – $1.25M
NOI $75,094 @ 7.0% cap · market cap 10.01%
Second Best
Apartment 5plus
$851.4K
$745.0K – $993.3K
NOI $59,597 @ 7.0% cap · market cap 7.95%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,461
Businesses Nearby
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Business Placement
Demographics for 02860, RI
47,894
Population
21,467
Households
2.2
Avg Household Size
37
Median Age
25%
College-Educated
80%
High-School Grad
5.3 sq mi
ZIP Area
9,037
Density / Sq Mi
$59,954
Median Household Income
$42,038
Median Earnings
$1,112
Median Rent
$287,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Pawtucket, RI
Properties on Market for Triplexes in Pawtucket
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences have separate heating and electric services, with the property zoned RM.
Where is this triplex located?
The property is located at 131 Mulberry Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three residences totaling 4,510 square feet; Owner's residence measures 1,740 square feet; two additional apartments are 1,385 square feet each; Separate heat and electric service for all three residences
