Renovated 3-Unit
19 Wood Street, Pawtucket, RI 02860
For Sale
$400,000
Three occupied one-bedroom apartments offer shared outdoor space, basement laundry hookups, and off-street tenant parking.
Property Size2,300 SF
Price / SF$173.91
Days on Market15
Property Features for 19 Wood Street
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
laundry hookups
off street parking
shared outdoor area
Building Details
Year Built
Listing Agency:
Noble Realty NE
(508) 262-8618
Listed By:
Adam Laprade · License #REB.0019741
(401) 965-5031
Source:
Lockandkeyre
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 5:56AM
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 Noble Realty NE
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Investment Insights
Based on property information with market context.
This 2,300-square-foot triplex contains three apartments, each with one bedroom and one full bathroom. The first and second floors have updated flooring, kitchens, and bathrooms, and the electrical systems have also been upgraded. Basement laundry hookups, off-street parking for tenants, and a shared outdoor area serve the property. Built in 1900, the building is occupied by long-term tenants.
The property is near I-95, Route 1, Newport Avenue, and a train station, with shopping and public transportation also in the area. The owner is responsible for heat, water, and sewer.
The property is near I-95, Route 1, Newport Avenue, and a train station, with shopping and public transportation also in the area. The owner is responsible for heat, water, and sewer.
Key Highlights
- Three apartments, each with one bedroom and one full bathroom
- 2,300 square feet; built in 1900
- Renovated first and second floors include updated kitchens, baths, and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,393
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,860
$607.9K
Cap Rate 7%
$434,186
$434.2K
Cap Rate 9%
$337,700
$337.7K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$58.8K $25.56/SF
− Vacancy
−$3.5K −$1.53/SF
EGI
$55.3K $24.03/SF
− OpEx
−$24.9K −$10.81/SF
NOI
$30.4K $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%
$607,860
Cap Rate 7%
$434,186
Cap Rate 9%
$337,700
Alternative Uses
Best Use
Multifamily LT 5
$547.1K
$478.7K – $638.3K
NOI $38,296 @ 7.0% cap · market cap 9.57%
Second Best
Apartment 5plus
$434.2K
$379.9K – $506.6K
NOI $30,393 @ 7.0% cap · market cap 7.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,070
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
$287,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Pawtucket, RI
Properties on Market for Triplexes in Pawtucket
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied one-bedroom apartments offer shared outdoor space, basement laundry hookups, and off-street tenant parking.
Where is this triplex located?
The property is located at 19 Wood Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Three apartments, each with one bedroom and one full bathroom; 2,300 square feet; built in 1900; Renovated first and second floors include updated kitchens, baths, and flooring
