Three-Unit Triplex with Private
518 Lonsdale Avenue Pawtucket, RI 02863
For Sale
$599,000
Triplex offering three 2-bedroom, 1-bath units with private self-contained layouts and two off-street parking spaces.
Property Size2,450 SF
Price / SF$244.49
Days on Market78
Property Features for 518 Lonsdale Avenue
General Information
- Standard status
- Active
- Size
- 2,450 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1912
Listing Agency:
Coldwell Banker Realty
(401) 426-4857
Listed By:
Alexander Parmenidez
Source:
Eganrealtygroup
Added: May 11
Changed: Jul 21
Last Checked: Jul 22 at 7:25AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This triplex investment property features three separate 2-bedroom, 1-bath units, each occupying its own floor with a self-contained, private layout. All three units are currently occupied. The exterior features vinyl siding, and the building is served by a steam heating system. The property also includes two off-street parking spaces.
The building is located at 518 Lonsdale Avenue in Pawtucket, RI. It provides direct access to I-95 and Route 146, and is also within reach of the MBTA Providence/Stoughton commuter rail line, which offers direct service to Boston South Station.
RM zoning is noted as supporting continued multifamily use, providing flexibility for ongoing residential income generation.
The building is located at 518 Lonsdale Avenue in Pawtucket, RI. It provides direct access to I-95 and Route 146, and is also within reach of the MBTA Providence/Stoughton commuter rail line, which offers direct service to Boston South Station.
RM zoning is noted as supporting continued multifamily use, providing flexibility for ongoing residential income generation.
Key Highlights
- 2,450 sq ft triplex built in 1912 with three 2‑bedroom, 1‑bath units
- Each unit occupies its own floor with a private, self‑contained layout
- All three units are currently occupied
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 | $62.3k | $25.44 |
| − Vacancy | −$4.1k | −$1.65 |
| EGI | $58.3k | $23.79 |
| − OpEx | −$17.5k | −$7.14 |
| NOI | $40.8k | $16.65 |
2,450 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$582.8K
$509.9K – $679.9K
NOI $40,794 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$462.5K
$404.7K – $539.6K
NOI $32,376 @ 7.0% cap · market cap 5.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex offering three 2-bedroom, 1-bath units with private self-contained layouts and two off-street parking spaces.
Where is this triplex located?
The property is located at 518 Lonsdale Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,450 sq ft triplex built in 1912 with three 2‑bedroom, 1‑bath units; Each unit occupies its own floor with a private, self‑contained layout; All three units are currently occupied
