8 King, Pawtucket, RI 02860
Two buildings with five occupied rental units and updated parking, offering an income-focused residential investment in Pawtucket.
- Added:
- Jun 20, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 24 at 3:23 am
Property Features for 8 King
General Information
- Standard status
- Active
- Size
- 4,550 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing office CENTURY 21 GONSALVES - PASTORE (401) 728-2770
Listing date Jun 20, 2026
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 GONSALVES - PASTORE
HighLights
- Two‑building Pawtucket multi‑family with 5 total rental units
- Front building has three 3‑bedroom apartments
- Rear building has two 2‑bedroom apartments
- All 5 units are currently occupied by long‑term tenants
- Updated parking facilities for residents
Overview
Located in Pawtucket, the asset is arranged to provide a straightforward mix of unit sizes across the two buildings. With the front and rear structures containing distinct unit configurations, the layout supports a clean tenant mix of 3-bedroom and 2-bedroom homes. The updated parking helps accommodate resident needs on-site.
For investors or buyers looking to add a residential income property, the current in-place occupancy by long-term tenants is a key consideration. The five-unit composition offers an owner diversified by apartment size, with three 3-bedroom units paired with two 2-bedroom units. Updated parking is an additional practical feature that can help with resident satisfaction and property management. Overall, the property’s two-building setup, unit mix, and maintained condition make it a functional fit for buyers targeting a manageable multifamily portfolio.
Local Financial Insights For Apartment 5plus
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 | $116.3k | $25.56 |
| − Vacancy | −$7.0k | −$1.53 |
| EGI | $109.3k | $24.03 |
| − OpEx | −$49.2k | −$10.81 |
| NOI | $60.1k | $13.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pawtucket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4129236
- Latitude
- 41.8786218
