Renovated Mixed-Use Property Near
460-458 Smithfield Avenue Pawtucket, RI 02860
460-458 Smithfield Avenue, Pawtucket, RI, 02860
$965,000
For Sale
$965,000
Four-unit mixed-use property with modern upgrades and prime location.
Property Size3,366 SF
Price / SF$286.69
Days on Market57
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 Agency
Keller Williams Realty Leading Edge
(401) 333-4900
Listed by
April Holland · License #1000714
(401) 333-4900
Source
Compass
Added: May 23 Checked: Jul 17 at 4:36 am
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
NOI $56,046 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$635.4K
$556.0K – $741.3K
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
Similar For Sale Nearby
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
