4-Unit Multifamily Property with
New
For Sale
$700,000
141 Lafayette Street, Pawtucket, RI 02860
Residential Income, Pawtucket, RI
Property Size3,456 SF
Lot Size0.11 Acres
Price / SF$202.55
Days on Market4
Property Features for 141 Lafayette Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Rt
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Basement, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 2, Bedroom 7, Bedroom 5, Bedroom 8, Bedroom 1
Parking
16
Window features
Storm Window(s)
Patio and Porch features
Porch
Interior features
Wall (Dry Wall), Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Ceiling), Insulation (Walls)
Exterior features
Porch
Basement
Full, Unfinished, Storage Space
Appliances
Gas Water Heater
Subdivision
Oak Hill
Standard status
Active
Size
3,456 SF
Lot size
0.11 Acres
Additional Details
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9461
Utilities
Heating system
Natural Gas, Baseboard
Cooling system
Window Unit(s)
Amenities
partially fenced yard
Building Details
Year built
1925
Floors in Building
2
Number of units
4
Flooring type
Tile - Ceramic, Hardwood, Vinyl
Building materials
Dry Wall, Plaster
Listing Agency:
Keller Williams Leading Edge · Keller Williams Realty
(401) 333-4900
Listed By:
Denali Group · License #52040
(401) 524-0770
Added: Oct 29
Changed: Oct 31
Last Checked: Nov 1 at 4:06AM
MLS# 1427318
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 3,456-square-foot multifamily property, built in 1925, contains four similarly sized apartments, each with two bedrooms. The building includes a 10-car garage, a porch, and a partially fenced yard. Interior finishes include hardwood, vinyl, and ceramic tile flooring, with window-unit cooling and natural-gas baseboard heat.
Each apartment has its own gas and electric meter, and tenants pay their utilities. The property has a new fire alarm system and boilers approximately 6 years old. Two apartments received hot water tanks in 2025. The parcel encompasses 0.1148 acres and is zoned Rt.
Each apartment has its own gas and electric meter, and tenants pay their utilities. The property has a new fire alarm system and boilers approximately 6 years old. Two apartments received hot water tanks in 2025. The parcel encompasses 0.1148 acres and is zoned Rt.
Key Highlights
- Four two‑bedroom apartments in a 3,456‑square‑foot building
- 10‑car garage
- 0.1148‑acre parcel zoned Rt
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,544
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,150,880
$1.2M
Cap Rate 7%
$822,057
$822.1K
Cap Rate 9%
$639,378
$639.4K
Market Conditions
NOI Build-Up for 3,456 SF
Gross rent
$87.9K $25.44/SF
− Vacancy
−$5.7K −$1.65/SF
EGI
$82.2K $23.79/SF
− OpEx
−$24.7K −$7.14/SF
NOI
$57.5K $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%
$1,150,880
Cap Rate 7%
$822,057
Cap Rate 9%
$639,378
Alternative Uses
Best Use
Multifamily LT 5
$822.1K
$719.3K – $959.1K
NOI $57,544 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$652.4K
$570.9K – $761.2K
NOI $45,669 @ 7.0% cap · market cap 6.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,701
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom apartments have separate gas and electric meters, with a substantial garage on site.
Where is this quadplex located?
The property is located at 141 Lafayette Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Four two‑bedroom apartments in a 3,456‑square‑foot building; 10‑car garage; 0.1148‑acre parcel zoned Rt
