Four-Unit Multifamily Corner
For Sale
$750,000
146 Pond Street, Pawtucket, RI 02860
Well-maintained four-unit multifamily on a highly visible corner lot with separate utilities and recent mechanical improvements.
Property Size4,799 SF
Price / SF$156.28
Days on Market9
Property Features for 146 Pond Street
General Information
Standard status
Active
Size
4,799 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
4
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
RE/MAX Platinum
(781) 484-1957
Listed By:
Scott Jones
Source:
Lockandkeyre
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 30 at 5:53AM
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 RE/MAX Platinum
Investment Insights
Based on property information with market context.
This well-maintained four-unit multifamily building offers a total of 10 bedrooms and four full bathrooms. The property is sited on a corner lot with two addresses listed for the same building: 58 & 62 Arch Street and 146 & 148 Pond Street. Updates include a roof approximately six years old and the replacement of three of the four furnaces. Additional features include a nice-sized basement, separate utilities, and spacious apartments.
The location places the property just minutes from I-95 and the MBTA Commuter Rail, with nearby shopping, restaurants, schools, parks, and downtown Pawtucket.
The layout is configured as a four-unit income property with multiple bedrooms and full baths, supported by the recent roof and furnace improvements.
The location places the property just minutes from I-95 and the MBTA Commuter Rail, with nearby shopping, restaurants, schools, parks, and downtown Pawtucket.
The layout is configured as a four-unit income property with multiple bedrooms and full baths, supported by the recent roof and furnace improvements.
Key Highlights
- Well‑maintained 4‑unit multifamily (built 1900) with 10 bedrooms and 4 full baths
- Highly visible corner lot with two addresses: 58 & 62 Arch St and 146 & 148 Pond St
- Roof is approximately 6 years old
Financial Insights For Apartment 5plus
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 | $122.7k | $25.56 |
| − Vacancy | −$7.4k | −$1.53 |
| EGI | $115.3k | $24.03 |
| − OpEx | −$51.9k | −$10.81 |
| NOI | $63.4k | $13.21 |
4,799 SF · lease $25.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$998.8K – $1.33M
NOI $79,906 @ 7.0% cap · market cap 10.65%
Second Best
Apartment 5plus
$905.9K
$792.7K – $1.06M
NOI $63,416 @ 7.0% cap · market cap 8.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,661
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained four-unit multifamily on a highly visible corner lot with separate utilities and recent mechanical improvements.
Where is this quadplex located?
The property is located at 146 Pond 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: Well‑maintained 4‑unit multifamily (built 1900) with 10 bedrooms and 4 full baths; Highly visible corner lot with two addresses: 58 & 62 Arch St and 146 & 148 Pond St; Roof is approximately 6 years old
