Three-Unit Triplex with
For Sale
$749,900
175 Sayles Ave, Pawtucket, RI 02860
Three residential units offer dining areas, separate utilities, replacement windows, and upgraded electrical service.
Property Size3,987 SF
Price / SF$188.09
Days on Market51
Property Features for 175 Sayles Ave
General Information
Standard status
Active
Size
3,987 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Amenities
hardwood floors
replacement windows
gas heat
upgraded electric
Building Details
Year Built
1930
Listing Agency:
Mateus Realty
Listed By:
Luis Mateus · License #5124
(401) 434-8399
Source:
Alpernandmesenbourg
Added: Aug 16
Changed: Sep 21
Last Checked: Oct 4 at 3:27PM
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 Mateus Realty
Investment Insights
Based on property information with market context.
Built in 1930, this three-family property provides 3 beds and a dining area on each floor. The building features hardwood flooring, gas heat, replacement windows, a young roof, upgraded electric, and separate utilities. Lead certificates are available.
A two-car garage and additional parking support the property, with highway access and the Pawtucket train station nearby. Restaurants, schools, and shopping are also close to the address.
A two-car garage and additional parking support the property, with highway access and the Pawtucket train station nearby. Restaurants, schools, and shopping are also close to the address.
Key Highlights
- Three‑family property with 3 beds and dining areas on each floor
- Replacement windows, hardwoods, gas heat, and a young roof
- Upgraded electric with separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,385
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,327,700
$1.3M
Cap Rate 7%
$948,357
$948.4K
Cap Rate 9%
$737,611
$737.6K
Market Conditions
NOI Build-Up for 3,987 SF
Gross rent
$101.4K $25.44/SF
− Vacancy
−$6.6K −$1.65/SF
EGI
$94.8K $23.79/SF
− OpEx
−$28.5K −$7.14/SF
NOI
$66.4K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,327,700
Cap Rate 7%
$948,357
Cap Rate 9%
$737,611
Alternative Uses
Best Use
Multifamily LT 5
$948.4K
$829.8K – $1.11M
NOI $66,385 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$752.7K
$658.6K – $878.1K
NOI $52,686 @ 7.0% cap · market cap 7.03%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,295
Businesses Nearby
Explore this area
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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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 residential units offer dining areas, separate utilities, replacement windows, and upgraded electrical service.
Where is this triplex located?
The property is located at 175 Sayles Ave Pawtucket, RI.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Three‑family property with 3 beds and dining areas on each floor; Replacement windows, hardwoods, gas heat, and a young roof; Upgraded electric with separate utilities
