3-Unit Home with
For Sale
$695,000
Pending
155 Lowden St, Pawtucket, RI 02860
Separate utilities, shared laundry, and flexible first-floor living support the three-residence configuration.
Property Size2,636 SF
Days on Market32
Property Features for 155 Lowden St
General Information
Standard status
Pending
Size
2,636 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,603
Amenities
on-site laundry
garden
Building Details
Buildings
1
Listing Agency:
Residential Properties Ltd.
(401) 274-6740
Listed By:
Jim DeRentis
(401) 274-6740
Source:
Exprealty
Added: Jul 29
Changed: Aug 28
Last Checked: Aug 28 at 12:25PM
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 Residential Properties Ltd.
Investment Insights
Based on property information with market context.
This 2,636-square-foot triplex includes three distinct residences within a well-maintained home. The first-floor unit has its own entrance, three bedrooms, a sizable kitchen, a full bathroom, and a finished basement recreation room adding over 400 square feet of living area. Two upper-level apartments each provide one bedroom, a living room, a fully equipped kitchen, and a full bathroom.
The property occupies a generous lot behind a privacy hedge, with front and rear garden areas, a large driveway, and a two-car garage. Basement amenities include laundry machines serving all three units and additional storage. Separate utilities are in place, along with a house gas and electric meter.
Shopping, schools, restaurants, recreation, Blackstone Boulevard, and the farmer's market are within easy walking distance. The train and interstate are a 5-minute drive away.
The property occupies a generous lot behind a privacy hedge, with front and rear garden areas, a large driveway, and a two-car garage. Basement amenities include laundry machines serving all three units and additional storage. Separate utilities are in place, along with a house gas and electric meter.
Shopping, schools, restaurants, recreation, Blackstone Boulevard, and the farmer's market are within easy walking distance. The train and interstate are a 5-minute drive away.
Key Highlights
- Three‑unit triplex totaling 2,636 square feet
- First‑floor unit includes 3 bedrooms and a finished basement recreation room adding over 400 square feet
- Two upper‑level 1‑bedroom units with living rooms, kitchens, and full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,891
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$877,820
$877.8K
Cap Rate 7%
$627,014
$627.0K
Cap Rate 9%
$487,678
$487.7K
Market Conditions
NOI Build-Up for 2,636 SF
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.
Gross rent
$67.1K $25.44/SF
− Vacancy
−$4.4K −$1.65/SF
EGI
$62.7K $23.79/SF
− OpEx
−$18.8K −$7.14/SF
NOI
$43.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$877,820
Cap Rate 7%
$627,014
Cap Rate 9%
$487,678
Alternative Uses
Best Use
Multifamily LT 5
$627.0K
$548.6K – $731.5K
NOI $43,891 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$497.6K
$435.4K – $580.6K
NOI $34,833 @ 7.0% cap · market cap 5.01%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,608
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Separate utilities, shared laundry, and flexible first-floor living support the three-residence configuration.
Where is this triplex located?
The property is located at 155 Lowden St Pawtucket, RI.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Three‑unit triplex totaling 2,636 square feet; First‑floor unit includes 3 bedrooms and a finished basement recreation room adding over 400 square feet; Two upper‑level 1‑bedroom units with living rooms, kitchens, and full bathrooms
