4-Unit Mixed-Use
For Sale
$950,000
460 Smithfield Avenue, Pawtucket, RI 02860
Residential Income, Pawtucket, RI
Property Size4,968 SF
Lot Size0.06 Acres
Price / SF$191.22
Days on Market46
Property Features for 460 Smithfield Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RT
Bedrooms
9
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 4, Bathroom 4, Basement, Bedroom 6, Bathroom 1, Bedroom 7, Bedroom 2, Bedroom 1, Bedroom 9, Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 8, Bathroom 5
Parking
3
Parking features
None
Interior features
Cathedral Ceilings
Basement
Full, Storage Space, Unfinished
Appliances
Dishwasher, Microwave, Oven, Range, Refrigerator, Electric Water Heater
Standard status
Active
Size
4,968 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3602
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Building Details
Year built
1920
Floors in Building
3
Number of units
4
Flooring type
Vinyl
Building materials
Vinyl Siding
Listing Agency:
Keller Williams Leading Edge · Keller Williams Realty
(401) 333-4900
Listed By:
April Holland · License #RES.0043718
(401) 699-3209
Added: Sep 2
Changed: Oct 16
Last Checked: Oct 17 at 9:06PM
MLS# 1422229
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.
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Investment Insights
Based on property information with market context.
This 4-unit property contains 4,968 square feet on a 0.06-acre lot and is zoned RT. The first floor has a medical office and a one-bedroom apartment; the upper levels include a two-bedroom apartment and a three-bedroom townhouse-style unit extending to the third floor. A full basement provides storage and utility space. Residential improvements include quartz countertops, kitchen islands, stainless steel appliances, dishwashers, and laundry hookups. The building was renovated, with work encompassing the roof, exterior, interior, and structure. It was built in 1920 and has vinyl siding, vinyl flooring, electric heat, and public sewer.
The property is in Pawtucket, near the train station, Tidewater Landing Soccer Stadium, and Pawtucket Commons. No on-site parking is listed.
The property is in Pawtucket, near the train station, Tidewater Landing Soccer Stadium, and Pawtucket Commons. No on-site parking is listed.
Key Highlights
- 4,968‑square‑foot, 4‑unit mixed‑use property on a 0.06‑acre lot
- RT zoning
- Medical office plus one-, two-, and three‑bedroom residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,720
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,654,400
$1.7M
Cap Rate 7%
$1,181,714
$1.2M
Cap Rate 9%
$919,111
$919.1K
Market Conditions
NOI Build-Up for 4,968 SF
Gross rent
$126.4K $25.44/SF
− Vacancy
−$8.2K −$1.65/SF
EGI
$118.2K $23.79/SF
− OpEx
−$35.5K −$7.14/SF
NOI
$82.7K $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%
$1,654,400
Cap Rate 7%
$1,181,714
Cap Rate 9%
$919,111
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.38M
NOI $82,720 @ 7.0% cap · market cap 8.71%
Second Best
Apartment 5plus
$937.9K
$820.6K – $1.09M
NOI $65,650 @ 7.0% cap · market cap 6.91%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
742
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines a medical office with three apartments, including a townhouse-style residence spanning the upper floors.
Where is this mixed-use property located?
The property is located at 460 Smithfield Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 4,968‑square‑foot, 4‑unit mixed‑use property on a 0.06‑acre lot; RT zoning; Medical office plus one-, two-, and three‑bedroom residential units
