Four-Unit Residential Income
39 Highland St Pawtucket, RI 02860
For Sale
$650,000
Well maintained four-family property with all units occupied and two separately rented garage spaces.
Property Size1,901 SF
Price / SF$341.93
Days on Market29
Property Features for 39 Highland St
General Information
Standard status
Active
Size
1,901 SF
Property subtype
4 Family
Building Details
Year Built
1880
Listing Agency:
revolv Real Estate
(508) 493-9566
Listed By:
Cory DaSilva
(508) 493-9566
Source:
Lockandkeyre
Added: Jun 29
Changed: Jul 21
Last Checked: Jul 27 at 5:52AM
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 revolv Real Estate
Investment Insights
Based on property information with market context.
Well maintained 4-family residential income property offering four occupied units and immediate rental income. The property also generates additional revenue from two separately rented garage spaces. Each unit includes a functional layout designed to provide comfortable living space.
The quadplex is offered for sale as a versatile investment or owner-occupant option, with the flexibility to live in one unit while renting the others.
The current configuration provides on-site residential units supported by separate garage revenue, creating a straightforward income-producing setup.
The quadplex is offered for sale as a versatile investment or owner-occupant option, with the flexibility to live in one unit while renting the others.
The current configuration provides on-site residential units supported by separate garage revenue, creating a straightforward income-producing setup.
Key Highlights
- Four‑family property built in 1880
- All four units are currently occupied, providing immediate rental income
- Two separately rented garage spaces add additional revenue
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.4k | $25.44 |
| − Vacancy | −$3.1k | −$1.65 |
| EGI | $45.2k | $23.79 |
| − OpEx | −$13.6k | −$7.14 |
| NOI | $31.7k | $16.65 |
1,901 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$452.2K
$395.7K – $527.6K
NOI $31,653 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$358.9K
$314.0K – $418.7K
NOI $25,121 @ 7.0% cap · market cap 3.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Well maintained four-family property with all units occupied and two separately rented garage spaces.
Where is this quadplex located?
The property is located at 39 Highland St Pawtucket, RI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four‑family property built in 1880; All four units are currently occupied, providing immediate rental income; Two separately rented garage spaces add additional revenue
