Three-Family
38 Wood Street, Pawtucket, RI 02860
For Sale
$439,900
Vinyl siding and an architectural roof update the exterior of this residential income property.
Property Size2,112 SF
Lot Size0.17 Acres
Price / SF$208.29
Days on Market8
Property Features for 38 Wood Street
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Listing Agency:
BisMarc Properties, LLC
Listed By:
Brenda L. Marchwicki · License #REC.0014896
(401) 276-8300
Source:
Lockandkeyre
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 6:06AM
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 BisMarc Properties, LLC
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Investment Insights
Based on property information with market context.
This 1899-built triplex contains 2,112 square feet and is recognized as a legal three-family property with a zoning certificate. The exterior is finished in vinyl siding, and the architectural roof is approximately nine years old. The property is being sold in as-is condition. Current tenants occupy the units on a month-to-month basis, with no leases in place.
The property sits on a 7,278-square-foot lot in Pawtucket, Rhode Island. Discussions with the zoning officer have addressed the possibility of a future detached ADU; no approval is stated.
The property sits on a 7,278-square-foot lot in Pawtucket, Rhode Island. Discussions with the zoning officer have addressed the possibility of a future detached ADU; no approval is stated.
Key Highlights
- Legal three‑family property with zoning certificate
- 2,112 square feet on a 7,278‑square‑foot lot
- Architectural roof approximately 9 years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,166
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,320
$703.3K
Cap Rate 7%
$502,371
$502.4K
Cap Rate 9%
$390,733
$390.7K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$53.7K $25.44/SF
− Vacancy
−$3.5K −$1.65/SF
EGI
$50.2K $23.79/SF
− OpEx
−$15.1K −$7.14/SF
NOI
$35.2K $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%
$703,320
Cap Rate 7%
$502,371
Cap Rate 9%
$390,733
Alternative Uses
Best Use
Multifamily LT 5
$502.4K
$439.6K – $586.1K
NOI $35,166 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$398.7K
$348.9K – $465.2K
NOI $27,909 @ 7.0% cap · market cap 6.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
954
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
$287,400
Median Home Value
Market
Average Price Trend$/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 - Vinyl siding and an architectural roof update the exterior of this residential income property.
Where is this triplex located?
The property is located at 38 Wood Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Legal three‑family property with zoning certificate; 2,112 square feet on a 7,278‑square‑foot lot; Architectural roof approximately 9 years old
