Four-Unit Residential
New
For Sale
$769,000
484 Weeden Street, Pawtucket, RI 02860
Separate electric meters, heating, and hot water tanks serve the individual apartments.
Property Size3,072 SF
Price / SF$250.33
Days on Market4
Property Features for 484 Weeden Street
General Information
Standard status
Active
Size
3,072 SF
Total Parking Spaces
2
Property subtype
MultiFamily
Additional Details
Utilities to Site
Yes
Multifamily Units
4
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Blu Sky Real Estate
(508) 557-0022
Listed By:
Lisa Halajko · License #RES.0034578
(774) 991-0052
Source:
Lockandkeyre
Added: Oct 4
Changed: Oct 7
Last Checked: Oct 7 at 12:44PM
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 Blu Sky Real Estate
Investment Insights
Based on property information with market context.
This four-unit residential property contains a two-level apartment with three bedrooms, a dining room, kitchen, office area, and two full bathrooms. A separate three-bedroom apartment on the second floor is vacant and has stainless steel appliances and new carpet. The third floor is divided into two studio apartments. The building totals 3,072 square feet and was built in 1900.
Each unit has its own electric meter, heating, and hot water tank. The roof was replaced two years ago, and the exterior has vinyl siding. A walk-out basement connects to a two-story garage with two stalls. The side yard includes fruit trees and a grape trellis.
Each unit has its own electric meter, heating, and hot water tank. The roof was replaced two years ago, and the exterior has vinyl siding. A walk-out basement connects to a two-story garage with two stalls. The side yard includes fruit trees and a grape trellis.
Key Highlights
- Four apartments, including two studios and two three‑bedroom units
- 3,072‑square‑foot building constructed in 1900
- Vacant second‑floor unit with new stainless steel appliances and carpet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,150
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,000
$1.0M
Cap Rate 7%
$730,714
$730.7K
Cap Rate 9%
$568,333
$568.3K
Market Conditions
NOI Build-Up for 3,072 SF
Gross rent
$78.2K $25.44/SF
− Vacancy
−$5.1K −$1.65/SF
EGI
$73.1K $23.79/SF
− OpEx
−$21.9K −$7.14/SF
NOI
$51.2K $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%
$1,023,000
Cap Rate 7%
$730,714
Cap Rate 9%
$568,333
Alternative Uses
Best Use
Multifamily LT 5
$730.7K
$639.4K – $852.5K
NOI $51,150 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$579.9K
$507.4K – $676.6K
NOI $40,595 @ 7.0% cap · market cap 5.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
771
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 Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Separate electric meters, heating, and hot water tanks serve the individual apartments.
Where is this quadplex located?
The property is located at 484 Weeden Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Four apartments, including two studios and two three‑bedroom units; 3,072‑square‑foot building constructed in 1900; Vacant second‑floor unit with new stainless steel appliances and carpet
