4-Unit Multifamily
7 Williams Street, Pawtucket, RI 02860
For Sale
$725,000
Pending
The apartment mix comprises two three-bedroom homes and two one-bedroom homes, with separate utilities.
Property Size4,455 SF
Days on Market50
Property Features for 7 Williams Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
SERHANT.
Listed By:
Amy Barrett · License RI RES.0047119
(401) 474-1358
Source:
Baker21
Added: Sep 22
Changed: Nov 7
Last Checked: Nov 9 at 7:36PM
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 SERHANT.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit multifamily property in Pawtucket contains 4,455 square feet and was built in 1910. Its apartments include two three-bedroom units and two one-bedroom units. Interior and exterior features include original hardwood floors, vinyl windows, separate utilities, and off-street parking.
The property is in Pawtucket’s Oak Hill neighborhood, near Garden Grille, Wild Flour, Maven’s, local farmers markets, and the Blackstone Boulevard walking path. Area hospitals, colleges and universities, downtown Providence, and Amtrak service to Boston and New York City are described as minutes away.
The property is in Pawtucket’s Oak Hill neighborhood, near Garden Grille, Wild Flour, Maven’s, local farmers markets, and the Blackstone Boulevard walking path. Area hospitals, colleges and universities, downtown Providence, and Amtrak service to Boston and New York City are described as minutes away.
Key Highlights
- Four‑unit property with two three‑bedroom apartments and two one‑bedroom apartments
- 4,455 square feet; built in 1910
- Original hardwood floors and vinyl windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,871
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,177,420
$1.2M
Cap Rate 7%
$841,014
$841.0K
Cap Rate 9%
$654,122
$654.1K
Market Conditions
NOI Build-Up for 4,455 SF
Gross rent
$113.9K $25.56/SF
− Vacancy
−$6.8K −$1.53/SF
EGI
$107.0K $24.03/SF
− OpEx
−$48.2K −$10.81/SF
NOI
$58.9K $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 Rate 5%
$1,177,420
Cap Rate 7%
$841,014
Cap Rate 9%
$654,122
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$927.2K – $1.24M
NOI $74,178 @ 7.0% cap · market cap 10.23%
Second Best
Apartment 5plus
$841.0K
$735.9K – $981.2K
NOI $58,871 @ 7.0% cap · market cap 8.12%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,609
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
$287,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Providence County, RI
Properties on Market for Quadplexes in Providence County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - The apartment mix comprises two three-bedroom homes and two one-bedroom homes, with separate utilities.
Where is this quadplex located?
The property is located at 7 Williams Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four‑unit property with two three‑bedroom apartments and two one‑bedroom apartments; 4,455 square feet; built in 1910; Original hardwood floors and vinyl windows
