Four-Unit Residential Income
For Sale
$599,000
39 Highland St, Pawtucket, RI 02860
Well maintained four-family property with all units occupied and two separately rented garage spaces.
Property Size1,901 SF
Price / SF$315.10
Days on Market99
Property Features for 39 Highland St
General Information
Standard status
Active
Size
1,901 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Zoning
RT
Occupancy
100%
Net Operating Income
$58,800
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,257
Building Details
Building Size
1,901 SF
Year Built
1880
Stories
4
Tenancy
Multi
Listing Agency:
revolv Real Estate
(508) 644-8995
Listed By:
Cory DaSilva
(508) 493-9566
Source:
Churchillprop
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 26 at 1:58PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$31,653
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,060
$633.1K
Cap Rate 7%
$452,186
$452.2K
Cap Rate 9%
$351,700
$351.7K
Market Conditions
NOI Build-Up for 1,901 SF
Gross rent
$48.4K $25.44/SF
− Vacancy
−$3.1K −$1.65/SF
EGI
$45.2K $23.79/SF
− OpEx
−$13.6K −$7.14/SF
NOI
$31.7K $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%
$633,060
Cap Rate 7%
$452,186
Cap Rate 9%
$351,700
Alternative Uses
Best Use
Multifamily LT 5
$452.2K
$395.7K – $527.6K
NOI $31,653 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$358.9K
$314.0K – $418.7K
NOI $25,121 @ 7.0% cap · market cap 4.19%
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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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,153
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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 $599,000.
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
