Three-Family Residential Income
For Sale
$575,000
178 Coyle Avenue, Pawtucket, RI 02861
Three-unit home offers separate utilities and laundry hookups with off-street parking for five cars.
Property Size3,927 SF
Price / SF$146.42
Days on Market14
Property Features for 178 Coyle Avenue
General Information
Standard status
Active
Size
3,927 SF
Total Parking Spaces
5
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Keller Williams Realty
(508) 695-4545
Listed By:
Corina Bonenfant
Source:
Lockandkeyre
Added: Jul 17
Changed: Jul 26
Last Checked: Jul 30 at 5:29AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This three-family residential income property includes vinyl siding, a two-car garage, a fenced-in yard, and ample off-street parking for five cars. Each unit has separate utilities and its own laundry hookups, supporting independent day-to-day use.\n\nThe first-floor unit features hardwood floors, a separate dining room, and an eat-in kitchen. The second-floor layout provides two apartments, each with one bedroom, an eat-in kitchen, and a separate living room.\n\nLocated in the Darlington area of Pawtucket, the property is minutes from I-95, less than 1.5 miles from the South Attleboro Train Station, less than 2 miles from the Pawtucket/Central Falls MBTA Station, and about 1 mile from John St Playground.
Key Highlights
- Three‑family home built in 1920 with vinyl siding
- Each unit has separate utilities and laundry hookups
- Off‑street parking for 5 cars plus a 2‑car garage
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 | $100.4k | $25.56 |
| − Vacancy | −$6.0k | −$1.53 |
| EGI | $94.4k | $24.03 |
| − OpEx | −$42.5k | −$10.81 |
| NOI | $51.9k | $13.21 |
3,927 SF · lease $25.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$934.1K
$817.3K – $1.09M
NOI $65,386 @ 7.0% cap · market cap 11.37%
Second Best
Apartment 5plus
$741.3K
$648.7K – $864.9K
NOI $51,893 @ 7.0% cap · market cap 9.02%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
Explore this area
Business Placement
Demographics for 02861, RI
27,833
Population
11,928
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
3.6 sq mi
ZIP Area
7,731
Density / Sq Mi
$83,044
Median Household Income
$47,384
Median Earnings
$1,278
Median Rent
$285,200
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?
Triplex - Three-unit home offers separate utilities and laundry hookups with off-street parking for five cars.
Where is this triplex located?
The property is located at 178 Coyle Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three‑family home built in 1920 with vinyl siding; Each unit has separate utilities and laundry hookups; Off‑street parking for 5 cars plus a 2‑car garage
