Three-Unit
New
For Sale
$650,000
187 Sisson Street, Pawtucket, RI 02860
Residential Income, Pawtucket, RI
Property Size4,100 SF
Lot Size0.17 Acres
Price / SF$158.54
Days on Market5
Property Features for 187 Sisson Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Basement, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4
Parking
8
Interior features
Wall (Dry Wall), Wall (Plaster), Wall (Wood)
Basement
Partial, Partially Finished
Appliances
Oven, Range, Refrigerator, Gas Water Heater
Lot features
Paved Driveway
Standard status
Active
Size
4,100 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6278
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Laminate, Vinyl
Building materials
Dry Wall, Plaster, Wood Wall(s), Aluminum Siding
Listing Agency:
Exp Realty
(888) 315-3445
Listed By:
Diana Kim · License #RES.0049151
(617) 271-2037
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 5 at 3:06PM
MLS# 1424864
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Pawtucket triplex contains three two-bedroom apartments within a 4,100-square-foot building on a 0.17-acre lot. All three units are tenant occupied. Unit 1 is rented month to month; any change in occupancy remains subject to applicable lease terms, notice requirements, and law. The property also includes a garage and off-street parking.
The address is near local shopping, dining, public transportation, and major highways, with access to downtown Providence and the Massachusetts state line. Interior finishes include vinyl, laminate, and hardwood flooring, and the building has natural-gas forced-air heating. Public water serves the property.
The address is near local shopping, dining, public transportation, and major highways, with access to downtown Providence and the Massachusetts state line. Interior finishes include vinyl, laminate, and hardwood flooring, and the building has natural-gas forced-air heating. Public water serves the property.
Key Highlights
- Three apartments, each with two bedrooms
- 4,100‑square‑foot building on a 0.17‑acre lot
- 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
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Each apartment has two bedrooms, with a garage and additional off-street parking serving the property.
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 apartments, each with two bedrooms; 4,100‑square‑foot building on a 0.17‑acre lot; All three units are tenant occupied; Unit 1 has a month‑to‑month tenancy
