3-Unit Residential Income
New
For Sale
$650,000
187 Sisson Street, Pawtucket, RI 02860
A garage and additional off-street parking complement the residential units.
Property Size4,100 SF
Price / SF$158.54
Days on Market5
Property Features for 187 Sisson Street
General Information
Standard status
Active
Size
4,100 SF
Property subtype
MultiFamily
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Additional Details
Gross Income
$61,800
Building Details
Year Built
1900
Listing Agency:
eXp Realty
(888) 315-3445
Listed By:
Diana Kim · License #RES.0049151
(617) 271-2037
Source:
Lockandkeyre
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 10:04AM
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 eXp Realty
Investment Insights
Based on property information with market context.
Built in 1900, this Pawtucket residential property contains three 2-bedroom units, all currently tenant occupied. Unit 1 is rented month to month. The property also includes a garage and additional off-street parking.
The location offers access to local shopping, dining, public transportation, and major highways, with connections to downtown Providence and the Massachusetts state line.
The location offers access to local shopping, dining, public transportation, and major highways, with connections to downtown Providence and the Massachusetts state line.
Key Highlights
- Three 2‑bedroom units
- All three units are tenant occupied
- Unit 1 has a month‑to‑month tenancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,180
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,083,600
$1.1M
Cap Rate 7%
$774,000
$774.0K
Cap Rate 9%
$602,000
$602.0K
Market Conditions
NOI Build-Up for 4,100 SF
Gross rent
$104.8K $25.56/SF
− Vacancy
−$6.3K −$1.53/SF
EGI
$98.5K $24.03/SF
− OpEx
−$44.3K −$10.81/SF
NOI
$54.2K $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%
$1,083,600
Cap Rate 7%
$774,000
Cap Rate 9%
$602,000
Alternative Uses
Best Use
Multifamily LT 5
$975.2K
$853.3K – $1.14M
NOI $68,267 @ 7.0% cap · market cap 10.50%
Second Best
Apartment 5plus
$774.0K
$677.3K – $903.0K
NOI $54,180 @ 7.0% cap · market cap 8.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,048
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - A garage and additional off-street parking complement the residential units.
Where is this triplex located?
The property is located at 187 Sisson 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 2‑bedroom units; All three units are tenant occupied; Unit 1 has a month‑to‑month tenancy
