8 King Street, Pawtucket, RI 02860
COMMERCIAL - Pawtucket, RI
- Added:
- Jun 19, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 21 at 6:06 am
Property Features for 8 King Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Apartment
- Rooms
- Basement
- Parking
- 5
- Basement
- Full
- Standard status
- Active
- Size
- 4,550 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 15221
Utilities
- Heating system
- Baseboard, Natural Gas
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 1
- Building materials
- Frame
Listing agent Robin Pastore (401) 728-2770
Listing office Century 21 Gonsalves - Pastore 126 Broad St., Cumberland, RI (401) 728-2770
Listing date Jun 19, 2026
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two‑building multi‑family in Pawtucket with 5 rental units total
- Front building has three 3‑bedroom apartments
- Rear building has two 2‑bedroom apartments
- All units currently occupied by long‑term tenants
- Updated parking facilities for residents
- Heating includes natural gas with baseboard heat
Overview
Located at 8 King Street in Pawtucket, Rhode Island, the arrangement of three larger units at the front and two smaller units toward the rear creates a balanced unit mix. The presence of updated parking facilities is a practical amenity for day-to-day access and resident use.
For investors seeking a residential income asset, this offering presents a straightforward structure with five units across two buildings and in-place, long-term tenancy. The listing notes a positive cap rate, which may appeal to buyers looking for an established income profile rather than a vacancy-driven repositioning plan.
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
- -71.412877
- Latitude
- 41.878608
