Renovated
For Sale
$600,000
Pending
42 Sisson Street, Pawtucket, RI 02860
Two updated residences offer modern finishes and convenient off-street parking.
Property Size2,736 SF
Days on Market28
Property Features for 42 Sisson Street
General Information
Standard status
Pending
Size
2,736 SF
Property subtype
MultiFamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Amenities
off-street parking
Building Details
Year Built
1969
Buildings
1
Listing Agency:
Century 21 Limitless
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Source:
Lockandkeyre
Added: Sep 18
Changed: Oct 15
Last Checked: Oct 15 at 12:14AM
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 Century 21 Limitless
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each with 3 bedrooms and 1.5 bathrooms. Recent improvements include new flooring, vinyl siding, updated bathrooms and tile, replacement windows, and a new heating boiler. Brand-new stainless steel appliances are planned for installation in the modern kitchens. Off-street parking serves the property.
The property is located near Pawtucket Avenue, Newport Avenue, and East Avenue, with access to I-95, Route 146, and Route 15. The Pawtucket/Central Falls Transit Center, Slater Memorial Park, Slater Mill, the Blackstone River corridor, Downtown Pawtucket, shopping, restaurants, healthcare, and public transportation are nearby. Built in 1969, the duplex also provides access to Providence and surrounding communities.
The property is located near Pawtucket Avenue, Newport Avenue, and East Avenue, with access to I-95, Route 146, and Route 15. The Pawtucket/Central Falls Transit Center, Slater Memorial Park, Slater Mill, the Blackstone River corridor, Downtown Pawtucket, shopping, restaurants, healthcare, and public transportation are nearby. Built in 1969, the duplex also provides access to Providence and surrounding communities.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 1.5 bathrooms in each unit
- Recent updates include flooring, vinyl siding, bathrooms, tile, windows, and a new heating boiler
- Brand‑new stainless steel appliances planned for installation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,556
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,120
$911.1K
Cap Rate 7%
$650,800
$650.8K
Cap Rate 9%
$506,178
$506.2K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$69.6K $25.44/SF
− Vacancy
−$4.5K −$1.65/SF
EGI
$65.1K $23.79/SF
− OpEx
−$19.5K −$7.14/SF
NOI
$45.6K $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%
$911,120
Cap Rate 7%
$650,800
Cap Rate 9%
$506,178
Alternative Uses
Best Use
Multifamily LT 5
$650.8K
$569.5K – $759.3K
NOI $45,556 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$516.5K
$451.9K – $602.6K
NOI $36,155 @ 7.0% cap · market cap 6.03%
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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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,162
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer modern finishes and convenient off-street parking.
Where is this duplex located?
The property is located at 42 Sisson Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 1.5 bathrooms in each unit; Recent updates include flooring, vinyl siding, bathrooms, tile, windows, and a new heating boiler; Brand‑new stainless steel appliances planned for installation
