Pawtucket Multifamily Investment Opportunity

25 Margaret Street, Pawtucket, RI 02860

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For Sale

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Meticulously maintained 12-unit building with development potential.

Type:Land

Property size:

8,466 SF

Lot size:

0.49 Acres

Price / SF:

$230/SF

HighLights

Solid investment property with 12 units (6 one‑bedroom, 6 two‑bedroom) offering a robust income stream.
Large 21,344 sq ft double lot provides new build potential.
Newer roof and state‑of‑the‑art on‑demand heating and hot water systems ensure low maintenance and high efficiency.
Meticulously maintained brick building of 8,466 sq ft built in 1965.
Convenient location with accessibility to local amenities.
Lead certificates in place.

We can help!

Contact an agent

The Blackstone Team

For Sale

Contact for pricing

Meticulously maintained 12-unit building with development potential.

Type:Land

Property size:

8,466 SF

Lot size:

0.49 Acres

Price / SF:

$230/SF

Added:: Nov 4, 2024
Days on Market:: 612
Last Refresh:: May 12 at 9:09 pm

Property Features for 25 Margaret Street

General Information

Standard status: Active
Size: 8,466 SF
Lot size: 0.49 Acres
Property subtype: Land

Building Details

Year Built: 1965

We can help!

Contact an agent

The Blackstone Team

Listing office Compass

Listing date Nov 4, 2024

Source Crexi

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 Compass

HighLights

Solid investment property with 12 units (6 one‑bedroom, 6 two‑bedroom) offering a robust income stream.
Large 21,344 sq ft double lot provides new build potential.
Newer roof and state‑of‑the‑art on‑demand heating and hot water systems ensure low maintenance and high efficiency.
Meticulously maintained brick building of 8,466 sq ft built in 1965.
Convenient location with accessibility to local amenities.
Lead certificates in place.

Overview

Located at 25 Margaret Street in Pawtucket, RI, this multifamily property presents an investment opportunity. The brick building contains 12 units, with 6 one-bedroom and 6 two-bedroom layouts. The building spans 8,466 square feet and is situated on a 21,344 square foot double lot, which offers new build potential. The property features a newer roof and on-demand heating and hot water systems. Each unit is designed for space and functionality. Lead certificates are in place.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$216.4k	$25.56
− Vacancy	−$13.0k	−$1.53
EGI	$203.4k	$24.03
− OpEx	−$91.5k	−$10.81
NOI	$111.9k	$13.21

8,466 SF · lease $25.56/SF/yr · vacancy 6.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.60M

$1.40M – $1.86M (±1% cap)

NOI $111,874 @ 7.0% cap · market cap 5.74%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$2.01M

$1.76M – $2.35M (±1% cap)

NOI $140,963 @ 7.0% cap · market cap 7.23%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Pawtucket
County: Providence
State: Rhode Island
Longitude: -71.373524
Latitude: 41.8880869

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For sale
Apartment buildings
RI
Pawtucket
02860
25 Margaret Street

What type of property is this?

Apartment building - Meticulously maintained 12-unit building with development potential.

Where is this apartment building located?

The property is located at 25 Margaret Street Pawtucket, RI.

What is the asking price?

The asking price for this property is $1,950,000.

What are key features of this property?

This property features: Solid investment property with 12 units (6 one‑bedroom, 6 two‑bedroom) offering a robust income stream.; Large 21,344 sq ft double lot provides new build potential.; Newer roof and state‑of‑the‑art on‑demand heating and hot water systems ensure low maintenance and high efficiency.