Renovated Mixed-Use Quadplex with Medical
460 458 Smithfield Avenue, Pawtucket, RI 02860
Four-unit mixed-use building with a fully accessible medical office and updated residential apartments with in-unit laundry hookups.
Type:Multi-family
Property size:
3,366 SFPrice / SF:
$289/SF- Added:
- May 22, 2026
- Days on Market:
- 37
- Last Refresh:
- Jun 21 at 2:13 am
Property Features for 460 458 Smithfield Avenue
General Information
- Standard status
- Active
- Size
- 3,366 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing office Keller Williams Realty Leading Edge
Listing date May 22, 2026
Source Jmulkerinrealty
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
HighLights
- 4‑unit mixed‑use building with a fully accessible medical office plus residential units in the Fairlawn area
- Completely renovated from top to bottom with new exterior, interior design, structure, and a new roof
- Medical office on the first level plus a spacious 1‑bedroom apartment
- Second level includes a 2‑bedroom unit and a townhouse‑style 3‑bedroom apartment extending up to the third floor
- Full‑size basement for storage and utility space
- Residential units updated with quartz countertops, large kitchen islands, stainless steel appliances, and in‑unit laundry hookups
Overview
This renovated four-unit mixed-use property combines a medical office and residential living in a single building. The first level features a fully accessible medical office space along with a spacious one-bedroom apartment. The second level includes a two-bedroom unit and a townhouse-style three-bedroom apartment that extends up to the third floor. A full-size basement provides additional storage and utility space. Residential units have been upgraded with modern finishes and features, including quartz countertops, large kitchen islands, stainless steel appliances, dishwashers, and in-unit laundry hookup provisions.
Located in the Fairlawn area of Pawtucket, the property is described as being minutes from the new train station, supporting convenient access for tenants and visitors.
Sellers are offering a $10,000 seller concession toward a buyer’s closing costs with a good offer. For a purchaser, this configuration can support an owner-operator or investor seeking a mixed-use setup that includes both an accessible medical component and multiple residential units within a completely renovated building, including a new exterior, interior design, structure, and roof.
Located in the Fairlawn area of Pawtucket, the property is described as being minutes from the new train station, supporting convenient access for tenants and visitors.
Sellers are offering a $10,000 seller concession toward a buyer’s closing costs with a good offer. For a purchaser, this configuration can support an owner-operator or investor seeking a mixed-use setup that includes both an accessible medical component and multiple residential units within a completely renovated building, including a new exterior, interior design, structure, and roof.
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 5.75%
Second Best
Apartment 5plus
$635.4K
$556.0K – $741.3K
NOI $44,480 @ 7.0% cap · market cap 4.56%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Pawtucket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4145012
- Latitude
- 41.8735455
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit mixed-use building with a fully accessible medical office and updated residential apartments with in-unit laundry hookups.
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 $975,000.
What are key features of this property?
This property features: 4‑unit mixed‑use building with a fully accessible medical office plus residential units in the Fairlawn area; Completely renovated from top to bottom with new exterior, interior design, structure, and a new roof; Medical office on the first level plus a spacious 1‑bedroom apartment
