Three-Unit Multifamily
New
For Sale
$474,900
70 Pacific Street, Central Falls, RI 02863
Three separate residences include a spacious first-floor layout, hardwood flooring, and off-street parking.
Property Size2,868 SF
Price / SF$165.59
Days on Market5
Property Features for 70 Pacific Street
General Information
Standard status
Active
Size
2,868 SF
Property subtype
MultiFamily
Property Condition
Severity
Repairs Needed
Evidence
Some cosmetics updates in second floor bathroom should be considered
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Amenities
shed
Building Details
Year Built
1900
Listing Agency:
CENTURY 21 Gonsalves - Pastore
Listed By:
Robin Pastore · License #RES.0024397
(401) 728-2770
Source:
Lockandkeyre
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 1 at 4:28AM
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 Gonsalves - Pastore
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Investment Insights
Based on property information with market context.
This 2,868-square-foot multifamily property contains three residences. The first-floor unit has more than 1,300 square feet of living space, a large kitchen, an expanded family room with access to a three-season room, and an updated bathroom. The additional room can serve as a third bedroom. The second-floor apartment has two bedrooms, a formal dining room, a family room, and hardwood floors. A one-bedroom unit occupies the third floor. The property also includes a shed and off-street parking.
Built in 1900, the building is on a one-way street in Central Falls, near local shops, restaurants, schools, and public transportation. The sale is subject to probate court approval. The property is being sold as-is, has not been inspected for lead, and is fire coded. FHA financing is not available.
Built in 1900, the building is on a one-way street in Central Falls, near local shops, restaurants, schools, and public transportation. The sale is subject to probate court approval. The property is being sold as-is, has not been inspected for lead, and is fire coded. FHA financing is not available.
Key Highlights
- Three residential units across three floors
- First‑floor residence offers more than 1,300 sq. ft. of living space
- First‑floor layout includes a large kitchen and family room with walkout to a three‑season room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,899
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$757,980
$758.0K
Cap Rate 7%
$541,414
$541.4K
Cap Rate 9%
$421,100
$421.1K
Market Conditions
NOI Build-Up for 2,868 SF
Gross rent
$73.3K $25.56/SF
− Vacancy
−$4.4K −$1.53/SF
EGI
$68.9K $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 Rate 5%
$757,980
Cap Rate 7%
$541,414
Cap Rate 9%
$421,100
Alternative Uses
Best Use
Multifamily LT 5
$682.2K
$596.9K – $795.9K
NOI $47,754 @ 7.0% cap · market cap 10.06%
Second Best
Apartment 5plus
$541.4K
$473.7K – $631.7K
NOI $37,899 @ 7.0% cap · market cap 7.98%
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
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Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,533
Businesses Nearby
Explore this area
Business Placement
Demographics for 02863, RI
22,596
Population
8,341
Households
2.7
Avg Household Size
32
Median Age
12%
College-Educated
60%
High-School Grad
1.2 sq mi
ZIP Area
18,830
Density / Sq Mi
$45,921
Median Household Income
$30,050
Median Earnings
$1,118
Median Rent
$300,500
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
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences include a spacious first-floor layout, hardwood flooring, and off-street parking.
Where is this triplex located?
The property is located at 70 Pacific Street Central Falls, 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: Three residential units across three floors; First‑floor residence offers more than 1,300 sq. ft. of living space; First‑floor layout includes a large kitchen and family room with walkout to a three‑season room
