Triplex with Off-Street
453 Central Avenue Pawtucket, RI 02861
For Sale
$599,000
Pending
MULTI_FAMILY - Pawtucket, RI
Property Size4,084 SF
Lot Size0.08 Acres
Days on Market48
Property Features for 453 Central Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MO
Bedrooms
6
Bathrooms
3
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Basement, Bedroom 5
Parking
4
Parking features
None
Interior features
Stairs, Plumbing (Mixed)
Basement
Storage Space, Unfinished, Full
Appliances
Oven/Range, Refrigerator
Standard status
Pending
Size
4,084 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5013
Utilities
Heating system
Steam, Natural Gas, Baseboard
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Vinyl, Hardwood
Building materials
Vinyl Siding
Listing Agency:
Here Realty
(401) 862-1251
Listed By:
Jake Pereira
(774) 284-3802
Added: Jun 10
Changed: Jul 23
Last Checked: Jul 27 at 9:06AM
MLS# 1414583
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 triplex at 453 Central Avenue offers a clean, practical residential-income setup with updated flooring throughout and basement space included as part of the property. The exterior has been maintained, and the building is supported by off-street parking, helping with day-to-day tenant convenience. The property is professionally managed, which provides added confidence for buyers evaluating the current operation.
Located in Pawtucket, Rhode Island (02861) in Providence County, the property benefits from a straightforward, owner-user-friendly timeline: Unit 2 is scheduled to move out on July 1. That creates a clear opportunity for an owner-occupant to plan for occupancy while continuing to receive rent from the remaining units.
For investors, the appeal is an income-producing structure with management already in place, supported by updates noted in the interior flooring. For owner-occupants, the combination of updated finishes and a unit becoming available on July 1 supports a controlled transition to living on-site. Overall, the property is positioned as a straightforward option for buyers seeking a managed triplex with off-street parking and near-term flexibility.
Located in Pawtucket, Rhode Island (02861) in Providence County, the property benefits from a straightforward, owner-user-friendly timeline: Unit 2 is scheduled to move out on July 1. That creates a clear opportunity for an owner-occupant to plan for occupancy while continuing to receive rent from the remaining units.
For investors, the appeal is an income-producing structure with management already in place, supported by updates noted in the interior flooring. For owner-occupants, the combination of updated finishes and a unit becoming available on July 1 supports a controlled transition to living on-site. Overall, the property is positioned as a straightforward option for buyers seeking a managed triplex with off-street parking and near-term flexibility.
Key Highlights
- 6‑bedroom, multi‑unit property with basement space and updated flooring throughout
- Off‑street parking available; parking features listed as none
- Heating includes natural gas, baseboard, and steam systems
Financial Insights For Apartment 5plus
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 | $104.4k | $25.56 |
| − Vacancy | −$6.3k | −$1.53 |
| EGI | $98.1k | $24.03 |
| − OpEx | −$44.2k | −$10.81 |
| NOI | $54.0k | $13.21 |
4,084 SF · lease $25.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$971.4K
$850.0K – $1.13M
NOI $68,001 @ 7.0% cap · market cap 11.35%
Second Best
Apartment 5plus
$771.0K
$674.6K – $899.5K
NOI $53,968 @ 7.0% cap · market cap 9.01%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Well-kept triplex with updated flooring, basement space, and off-street parking, with one unit set to open July 1.
Where is this triplex located?
The property is located at 453 Central Avenue 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: 6‑bedroom, multi‑unit property with basement space and updated flooring throughout; Off‑street parking available; parking features listed as none; Heating includes natural gas, baseboard, and steam systems
