Three-Unit Multifamily
For Sale
$665,000
422 East Avenue, Pawtucket, RI 02860
Residential Income, Pawtucket, RI
Property Size2,864 SF
Lot Size0.17 Acres
Price / SF$232.19
Days on Market62
Property Features for 422 East Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 4, Basement, Bathroom 3, Bedroom 6
Parking
6
Parking features
None
Patio and Porch features
Deck
Interior features
Wall (Dry Wall), Wall (Paneled), Wall (Plaster), Stairs, Plumbing (Copper), Plumbing (Mixed), Plumbing (PVC), Insulation (Unknown)
Exterior features
Deck
Basement
Unfinished, Full, Storage Space
Appliances
Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Gas Water Heater
Lot features
Extra Lot, Fenced, Paved, Sidewalks
Standard status
Active
Size
2,864 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5857
Utilities
Heating system
Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1880
Floors in Building
3
Number of units
3
Flooring type
Laminate, Vinyl
Building materials
Dry Wall, Paneled, Plaster, Vinyl Siding
Listing Agency:
Badger Realty
(401) 495-4756
Listed By:
Inessa Moshkina
(401) 556-4352
Added: Aug 5
Changed: Sep 30
Last Checked: Oct 5 at 4:06PM
MLS# 1417472
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Pawtucket multifamily property contains three apartments, each with two bedrooms. The building totals 2,864 square feet on a 0.17-acre lot and dates to 1880. A deck, vinyl siding, and two recently replaced hot water heaters are among its features. The units have baseboard heating fueled by natural gas, and the property is served by public water. Appliances include dishwashers, ranges, refrigerators, washers, and dryers.
The property is near shopping, dining, schools, public transportation, and major routes. Its three-unit configuration and separate two-bedroom layouts provide a straightforward multifamily arrangement.
The property is near shopping, dining, schools, public transportation, and major routes. Its three-unit configuration and separate two-bedroom layouts provide a straightforward multifamily arrangement.
Key Highlights
- Three apartments, each configured with 2 bedrooms
- 2,864‑square‑foot building on a 0.17‑acre lot
- Built in 1880
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,687
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$953,740
$953.7K
Cap Rate 7%
$681,243
$681.2K
Cap Rate 9%
$529,856
$529.9K
Market Conditions
NOI Build-Up for 2,864 SF
Gross rent
$72.9K $25.44/SF
− Vacancy
−$4.7K −$1.65/SF
EGI
$68.1K $23.79/SF
− OpEx
−$20.4K −$7.14/SF
NOI
$47.7K $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%
$953,740
Cap Rate 7%
$681,243
Cap Rate 9%
$529,856
Alternative Uses
Best Use
Multifamily LT 5
$681.2K
$596.1K – $794.8K
NOI $47,687 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$540.7K
$473.1K – $630.8K
NOI $37,846 @ 7.0% cap · market cap 5.69%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,154
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom apartments occupy a 0.17-acre parcel in Pawtucket.
Where is this triplex located?
The property is located at 422 East Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Three apartments, each configured with 2 bedrooms; 2,864‑square‑foot building on a 0.17‑acre lot; Built in 1880
