Three-Unit Victorian
For Sale
$650,000
166 Summit Street, Pawtucket, RI 02860
Updated windows, separate utilities, and distinct heating systems serve this three-unit residential property.
Property Size4,241 SF
Price / SF$153.27
Days on Market41
Property Features for 166 Summit Street
General Information
Standard status
Active
Size
4,241 SF
Total Parking Spaces
5
Property subtype
Multi Family Home
Units
Multifamily Units
3
Individually Metered Utilities
unspecified utilities
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,598
Amenities
Paved Driveway
Building Details
Building Size
4,241 SF
Year Built
1880
Buildings
1
Stories
3
Units
3
Listing Agency:
CENTURY 21 Stachurski Agency
(401) 725-1115
Listed By:
Kathleen Coutu · License #7576
(401) 474-9750
Source:
Berettarealty
Added: Sep 15
Changed: Oct 23
Last Checked: Oct 23 at 4:29PM
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 CENTURY 21 Stachurski Agency
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Investment Insights
Based on property information with market context.
Built in 1880, this 4,241-square-foot triplex has Victorian character and three separate residences. The first and second floors are described with six rooms and three bedrooms, and the third-floor unit has four rooms and two bedrooms. Improvements include brand-new windows, three newer heating systems, separate utilities, and hardwood and ceramic flooring. Lead certificates are in place, and fire-code work is planned.
The property is in Pawtucket’s Quality Hill section, with access to Route 95 northbound and southbound, shopping, schools, and the soccer stadium.
The property is in Pawtucket’s Quality Hill section, with access to Route 95 northbound and southbound, shopping, schools, and the soccer stadium.
Key Highlights
- Three‑family property totaling 4,241 square feet
- Built in 1880 with Victorian architectural character
- Third‑floor unit has 4 rooms and 2 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,043
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,120,860
$1.1M
Cap Rate 7%
$800,614
$800.6K
Cap Rate 9%
$622,700
$622.7K
Market Conditions
NOI Build-Up for 4,241 SF
Gross rent
$108.4K $25.56/SF
− Vacancy
−$6.5K −$1.53/SF
EGI
$101.9K $24.03/SF
− OpEx
−$45.9K −$10.81/SF
NOI
$56.0K $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%
$1,120,860
Cap Rate 7%
$800,614
Cap Rate 9%
$622,700
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$882.7K – $1.18M
NOI $70,615 @ 7.0% cap · market cap 10.86%
Second Best
Apartment 5plus
$800.6K
$700.5K – $934.1K
NOI $56,043 @ 7.0% cap · market cap 8.62%
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
Yes
Highway access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Updated windows, separate utilities, and distinct heating systems serve this three-unit residential property.
Where is this triplex located?
The property is located at 166 Summit Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three‑family property totaling 4,241 square feet; Built in 1880 with Victorian architectural character; Third‑floor unit has 4 rooms and 2 bedrooms
