Updated Three-Unit
252 Evergreen Street, Pawtucket, RI 02861
For Sale
New
$699,900
Three two-bedroom apartments feature hardwood flooring, tall ceilings, and recent improvements.
Property Size4,327 SF
Lot Size0.23 Acres
Price / SF$161.75
Days on Market3
Property Features for 252 Evergreen Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Amenities
hardwood floors
high ceilings
updated electrical
new appliances
mini-split heating and air conditioning
expansive backyard
Building Details
Year Built
Listing Agency:
Innovations Realty
(401) 414-7414
Listed By:
Renato De Lima · License RI RES.0041249
(401) 440-2490
Source:
Lockandkeyre
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 5:20AM
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 Innovations Realty
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Investment Insights
Based on property information with market context.
Built in 1880, this triplex contains three apartments, each with two bedrooms. Hardwood flooring and high ceilings feature throughout, alongside recent interior work, refreshed electrical systems, and new appliances. One apartment has a mini-split system providing heating and air conditioning. The property also includes a one-car garage and an expansive backyard on an approximately 10,000-square-foot lot.
Shopping, restaurants, schools, major highways, and everyday services are nearby. The property is in the Darlington neighborhood of Pawtucket, among single-family homes.
Shopping, restaurants, schools, major highways, and everyday services are nearby. The property is in the Darlington neighborhood of Pawtucket, among single-family homes.
Key Highlights
- Three two‑bedroom apartments
- Approximately 10,000‑square‑foot lot with an expansive backyard
- Hardwood floors and high ceilings in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,179
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,580
$1.1M
Cap Rate 7%
$816,843
$816.8K
Cap Rate 9%
$635,322
$635.3K
Market Conditions
NOI Build-Up for 4,327 SF
Gross rent
$110.6K $25.56/SF
− Vacancy
−$6.6K −$1.53/SF
EGI
$104.0K $24.03/SF
− OpEx
−$46.8K −$10.81/SF
NOI
$57.2K $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%
$1,143,580
Cap Rate 7%
$816,843
Cap Rate 9%
$635,322
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$900.6K – $1.20M
NOI $72,047 @ 7.0% cap · market cap 10.29%
Second Best
Apartment 5plus
$816.8K
$714.7K – $953.0K
NOI $57,179 @ 7.0% cap · market cap 8.17%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
641
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
$285,200
Median Home Value
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Market
Average Price Trend$/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 two-bedroom apartments feature hardwood flooring, tall ceilings, and recent improvements.
Where is this triplex located?
The property is located at 252 Evergreen 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: Three two‑bedroom apartments; Approximately 10,000‑square‑foot lot with an expansive backyard; Hardwood floors and high ceilings in each apartment
