Updated Three-Unit
For Sale
$474,900
Pending
50 Jefferson Avenue, Pawtucket, RI 02860
Legal three-family property with two two-bedroom units, one one-bedroom unit, and tenant parking.
Property Size2,865 SF
Days on Market111
Property Features for 50 Jefferson Avenue
General Information
Standard status
Pending
Size
2,865 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR, 1 x 1BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Building Details
Building Size
2,865 SF
Year Built
1900
Stories
2
Listing Agency:
Century 21 Visionary Group
(508) 726-3492
Listed By:
Wil Hernandez
Source:
Dawnmarano.kw
Added: May 12
Changed: Aug 29
Last Checked: Aug 25 at 9:33AM
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 Century 21 Visionary Group
Investment Insights
Based on property information with market context.
This legal three-family property contains two units with 2 bedrooms and 1 bathroom each, along with a 1-bedroom unit. The building dates to 1900 and has received recent updates, including a roof replacement completed in 2018. On-site parking is available for tenants.
Located at 50 Jefferson Avenue in Pawtucket, the property is near the Pawtucket train station and a new middle school, with a playground directly across the street. The three-unit configuration and varied bedroom mix provide a defined residential income layout with an owner-occupancy option.
Located at 50 Jefferson Avenue in Pawtucket, the property is near the Pawtucket train station and a new middle school, with a playground directly across the street. The three-unit configuration and varied bedroom mix provide a defined residential income layout with an owner-occupancy option.
Key Highlights
- Legal 3‑family property
- Two 2‑bedroom, 1‑bathroom units
- One 1‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,860
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$757,200
$757.2K
Cap Rate 7%
$540,857
$540.9K
Cap Rate 9%
$420,667
$420.7K
Market Conditions
NOI Build-Up for 2,865 SF
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.
Gross rent
$73.2K $25.56/SF
− Vacancy
−$4.4K −$1.53/SF
EGI
$68.8K $24.03/SF
− OpEx
−$31.0K −$10.81/SF
NOI
$37.9K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$757,200
Cap Rate 7%
$540,857
Cap Rate 9%
$420,667
Alternative Uses
Best Use
Multifamily LT 5
$681.5K
$596.3K – $795.1K
NOI $47,704 @ 7.0% cap · market cap 10.05%
Second Best
Apartment 5plus
$540.9K
$473.3K – $631.0K
NOI $37,860 @ 7.0% cap · market cap 7.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,309
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family property with two two-bedroom units, one one-bedroom unit, and tenant parking.
Where is this triplex located?
The property is located at 50 Jefferson Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Legal 3‑family property; Two 2‑bedroom, 1‑bathroom units; One 1‑bedroom unit
