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Renovated Mixed-Use Property Near Train

460-458 Smithfield Avenue Pawtucket, RI 02860

Claim this Listing
For Sale
$965,000

Four-unit mixed-use property with modern upgrades and prime location.

Type:Multi-family / 4 Family
Property size:
3,366 SF
Price / SF:
$286/SF
Added:
May 23, 2026
Days on Market:
51
Last Refresh:
May 27 at 7:50 am

Property Features for 460-458 Smithfield Avenue

General Information

Standard status
Active
Size
3,366 SF
Property subtype
Multi-family / 4 Family

Building Details

Year Built
1920

Listing office Keller Williams Realty Leading Edge

Listing date May 23, 2026

Source Compass

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 Keller Williams Realty Leading Edge


Investment Insights

Based on property information with market context.

This four-unit mixed-use property is located in the Fairlawn area, minutes from the new train station. The location offers excellent visibility and convenience, making it suitable for commercial use and residential living. The first level features a fully accessible medical office space, along with a one-bedroom apartment. The second level includes a two-bedroom unit and a townhouse-style three-bedroom apartment that extends to the third floor. A full-size basement provides storage and utility space. All residential units have been upgraded with modern features, including quartz countertops, large kitchen islands, stainless steel appliances, dishwashers, and in-unit laundry hookups. The property has been renovated from top to bottom, with a new exterior, interior design, structure, and roof. The property size is 3366 square feet.

Key Highlights

  • Completely renovated property with new exterior, interior, structure, and roof
  • $10,000 seller concession towards buyer's closing costs
  • 4‑unit mixed‑use property with commercial and residential spaces

Local 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 $85.6k $25.44
− Vacancy −$5.6k −$1.65
EGI $80.1k $23.79
− OpEx −$24.0k −$7.14
NOI $56.0k $16.65
3,366 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$800.7K
$700.6K – $934.1K (±1% cap)
NOI $56,046 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$635.4K
$556.0K – $741.3K (±1% cap)
NOI $44,480 @ 7.0% cap · market cap 4.61%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Dental Office Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Hotel & Motel (Bike/Boat/Book/etc) Store Plumbing Service Locksmith Cafe & Coffee Shop Veterinary Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Four-unit mixed-use property with modern upgrades and prime location.
Where is this quadplex located?
The property is located at 460-458 Smithfield Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: Completely renovated property with new exterior, interior, structure, and roof; $10,000 seller concession towards buyer's closing costs; 4‑unit mixed‑use property with commercial and residential spaces
Contact an agent
More about this property
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