For Sale
$769,000
277 Sayles Avenue, Pawtucket, RI 02860
Residential Income, Pawtucket, RI
Property Size2,948 SF
Lot Size0.21 Acres
Price / SF$260.85
Days on Market21
Property Features for 277 Sayles Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 4, Basement, Bedroom 6, Bathroom 2, Bedroom 5
Parking
9
Interior features
Wall (Cermaic), Wall (Dry Wall), Wall (Paneled), Wall (Plaster), Plumbing (Copper), Plumbing (Mixed)
Basement
Unfinished, Full
Appliances
Dishwasher, Microwave, Oven, Range, Refrigerator, Gas Water Heater
Standard status
Active
Size
2,948 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6100
Utilities
Heating system
Natural Gas, Electric (Heating), Forced Air, Baseboard
Cooling system
Window Unit(s)
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Vinyl, Tile - Ceramic, Laminate, Carpet
Building materials
Ceramic, Dry Wall, Paneled, Plaster, Clapboard, Vinyl Siding
Listing Agency:
The Mello Group, Inc.
(508) 640-0505
Listed By:
Susan Grieve · License #RES.0045467
(401) 451-6632
Added: Sep 23
Changed: Oct 11
Last Checked: Oct 13 at 10:06AM
MLS# 1423855
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,086
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,720
$981.7K
Cap Rate 7%
$701,229
$701.2K
Cap Rate 9%
$545,400
$545.4K
Market Conditions
NOI Build-Up for 2,948 SF
Gross rent
$75.0K $25.44/SF
− Vacancy
−$4.9K −$1.65/SF
EGI
$70.1K $23.79/SF
− OpEx
−$21.0K −$7.14/SF
NOI
$49.1K $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%
$981,720
Cap Rate 7%
$701,229
Cap Rate 9%
$545,400
Alternative Uses
Best Use
Multifamily LT 5
$701.2K
$613.6K – $818.1K
NOI $49,086 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$556.5K
$487.0K – $649.3K
NOI $38,956 @ 7.0% cap · market cap 5.07%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,174
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this triplex located?
The property is located at 277 Sayles Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $769,000.
