Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    303 Lafayette Pawtucket, RI 2860

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $789,900

    Six-unit apartment building in Oak Hill with garage.

    Type:Commercial
    Added:
    Jan 14, 2026
    Days on Market:
    97
    Last Refresh:
    Apr 5 at 9:08 pm

    Property Features for 303 Lafayette

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1915

    We can help!

    Listing Contact
    DANIEL HORNBY

    Listing agent DANIEL HORNBY

    Listing office ELM REAL ESTATE & DESIGN

    Listing date Jan 14, 2026

    Source Corcoran

    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 ELM REAL ESTATE & DESIGN

    Overview

    Oak Hill Apartment Building

    This three-story, six-unit brick apartment building is located in Oak Hill. The property features hardwood floors throughout and updated electric panels. A three-car garage is located at the rear of the property, providing parking for six or more vehicles. The building's exterior is brick, with vinyl windows and a rubber roof that is five years old. A full fire alarm system is in place. The building has a common oil-fed boiler for heating and common gas hot water. The property has many long-term tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pawtucket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3982
    Latitude
    41.8574

    Nearby Similar for Sale

    • $850,000

      Pawtucket Corner Restaurant/Lounge Opportunity

      Fully built-out restaurant, lounge, and hookah bar for sale.
      110 School Street, Pawtucket, RI 02860
      View Details
    • $650,000

      Turn-Key Liquor Store Opportunity

      Profitable liquor store with high traffic location in Pawtucket.
      551 Smithfield Avenue, Pawtucket, RI 02860
      View Details
    • $19

      Versatile Commercial Building on Broadway

      Adaptable commercial building suitable for various professional services.
      480 Broadway, Pawtucket, RI 02860
      View Details
    • $1.00

      Pawtucket Commercial Space For Sale

      Renovated commercial space in downtown Pawtucket, move-in ready.
      240 Main Street, Pawtucket, RI 02860
      View Details
    • $1,500,000

      Pawtucket Commercial Investment Opportunity

      Multi-unit commercial property in downtown Pawtucket with income potential.
      238 Main Street, Pawtucket, RI 02860
      View Details
    • $950,000

      Pawtucket Commercial Property For Sale

      Commercial property with long-term tenant and $90,000/year NNN lease.
      176 Columbus Avenue, Pawtucket, RI 02860
      View Details
    • $599,000

      Pawtucket Two-Family Home For Sale

      Well-maintained two-family home with strong cash flow potential.
      400 Benefit Street, Pawtucket, RI 02903
      View Details
    • $439,000

      Pawtucket Commercial Building For Sale

      4,497 sqft commercial building with office and warehouse space.
      129 Warren Avenue, Pawtucket, RI 02860
      View Details
    • $1.00

      Pawtucket Commercial Space For Sale

      Renovated commercial space in downtown Pawtucket, move-in ready.
      244 Main Street, Pawtucket, RI 02860
      View Details
    • $3,200,000

      Pawtucket Commercial Warehouse/Mill Opportunity

      Large commercial warehouse/mill property in Pawtucket, Rhode Island.
      120 Webster Street, Pawtucket, RI 02861
      View Details
    • $650,000

      Pawtucket Commercial Property with Lifts

      Expansive commercial property ideal for auto, industrial, or service operations.
      19 Benefit Street, Pawtucket, RI 02861
      View Details
    • $650,000

      Pawtucket Commercial/Industrial Lot For Sale

      Commercial/industrial lot with auto repair facility and expansion potential.
      102 Esten Avenue, Pawtucket, RI 02860
      View Details

    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building in Oak Hill with garage.
    Where is this apartment building located?
    The property is located at 303 Lafayette Pawtucket, RI.
    What is the asking price?
    The asking price for this property is $789,900.
    What are key features of this property?
    This property features: Six‑unit apartment building in Oak Hill location.; Low‑maintenance building: Brick exterior, vinyl windows, and 5‑year‑old rubber roof.; Updated electric panels and full fire alarm system.
    (401) 484-1838
    We can help!
    Listing Contact
    DANIEL HORNBY
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!