Three-Unit Triplex with
New
For Sale
$749,900
175-177 Sayles Avenue, Pawtucket, RI 02860
Each residence has three bedrooms, a dining room, separate utilities, and gas heat.
Property Size3,987 SF
Price / SF$188.09
Days on Market7
Property Features for 175-177 Sayles Avenue
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
Building Details
Year Built
1930
Listing Agency:
Mateus Realty
Listed By:
Luis Mateus · License #5124
(401) 434-8399
Source:
Jmulkerinrealty
Added: Oct 10
Changed: Oct 15
Last Checked: Oct 16 at 8:43AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1930-built triplex contains three residences, each with three bedrooms and a dining room. The 3,987-square-foot property has hardwood floors, replacement windows, upgraded electrical service, and a newer roof. Separate utilities serve the units, and lead certificates are available. A two-car garage and additional parking are on site.
The property offers highway access and is near the Pawtucket train station, restaurants, schools, and shopping.
The property offers highway access and is near the Pawtucket train station, restaurants, schools, and shopping.
Key Highlights
- Three residences, each with 3 bedrooms and a dining room
- 3,987 square feet; built in 1930
- Two‑car garage plus additional on‑site parking
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.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has three bedrooms, a dining room, separate utilities, and gas heat.
Where is this triplex located?
The property is located at 175-177 Sayles Avenue 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 residences, each with 3 bedrooms and a dining room; 3,987 square feet; built in 1930; Two‑car garage plus additional on‑site parking
