Four-Unit Residential
New
For Sale
$699,900
189 Vine Street, Pawtucket, RI 02861
Residential Income, Pawtucket, RI
Property Size3,008 SF
Lot Size0.11 Acres
Price / SF$232.68
Days on Market7
Property Features for 189 Vine Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Basement, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 6
Parking
6
Parking features
None
Interior features
Plumbing (PVC)
Basement
Full, Unfinished
Appliances
Gas Water Heater
Subdivision
Darlington
Lot features
Paved Driveway, Paved, Sidewalks
Standard status
Active
Size
3,008 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7030
Utilities
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Flooring type
Hardwood
Building materials
Vinyl Siding
Listing Agency:
Keller Williams Realty
(508) 695-4545
Listed By:
Kurt Franklin
(508) 446-0275
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 5 at 6:06PM
MLS# 1424514
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 3,008-square-foot quadplex, built in 1900, contains four residences: two with one bedroom and two with two bedrooms. Each unit has one full bathroom. Hardwood floors are present, and the property has vinyl siding, natural gas heating, window air-conditioning units, a gas water heater, and public water. The parcel measures 0.11 acres and is zoned RES.
The property is in Pawtucket, near Slater Memorial Park and Pawtucket Country Club, with access to Newport Avenue. Section 8 housing is in place. The property has no parking.
The property is in Pawtucket, near Slater Memorial Park and Pawtucket Country Club, with access to Newport Avenue. Section 8 housing is in place. The property has no parking.
Key Highlights
- Four units: two one‑bedroom and two two‑bedroom residences
- Each unit has 1 full bathroom
- 3,008 square feet on a 0.11‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,085
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,700
$1.0M
Cap Rate 7%
$715,500
$715.5K
Cap Rate 9%
$556,500
$556.5K
Market Conditions
NOI Build-Up for 3,008 SF
Gross rent
$76.5K $25.44/SF
− Vacancy
−$5.0K −$1.65/SF
EGI
$71.5K $23.79/SF
− OpEx
−$21.5K −$7.14/SF
NOI
$50.1K $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%
$1,001,700
Cap Rate 7%
$715,500
Cap Rate 9%
$556,500
Alternative Uses
Best Use
Multifamily LT 5
$715.5K
$626.1K – $834.8K
NOI $50,085 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$567.8K
$496.9K – $662.5K
NOI $39,749 @ 7.0% cap · market cap 5.68%
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
4
Residential units
Location Intelligence
Trade Area within ½ mile
618
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
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?
Quadplex - Two one-bedroom and two two-bedroom residences create a varied unit mix.
Where is this quadplex located?
The property is located at 189 Vine Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Four units: two one‑bedroom and two two‑bedroom residences; Each unit has 1 full bathroom; 3,008 square feet on a 0.11‑acre parcel
