Three-Family Residential
For Sale
$639,000
Pending
872 Lonsdale Avenue, Central Falls, RI 02863
MULTI_FAMILY - Central Falls, RI
Property Size3,604 SF
Lot Size0.07 Acres
Days on Market130
Property Features for 872 Lonsdale Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-2
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 9, Bedroom 2, Bathroom 1, Basement, Bedroom 3, Bedroom 7, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 8, Bedroom 5, Bedroom 6
Parking
6
Parking features
None
Interior features
Wall (Dry Wall), Attic, Plumbing (Mixed), Insulation (Unknown)
Basement
Partially Finished, Storage Space, Full
Appliances
Gas Water Heater, Microwave, Oven/Range, Refrigerator
Subdivision
Lonsdale
Lot features
Paved Driveway
Standard status
Pending
Size
3,604 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6602
Utilities
Heating system
Space Heater, Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Tile - Ceramic, Vinyl, Hardwood
Building materials
Dry Wall, Vinyl Siding, Wood
Listing Agency:
Re/Max Properties · RE/MAX International
(401) 232-3900
Listed By:
Rachel Baptista Da Moeda · License #RES.0042193
(401) 692-1796
Added: Mar 31
Changed: Aug 1
Last Checked: Aug 7 at 10:06PM
MLS# 1408763
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.
Investment Insights
Based on property information with market context.
872 Lonsdale Avenue is a three-family (triplex) residential building featuring units with three bedrooms and one bathroom, each with separate living and dining rooms. The property includes a partially finished basement with an additional bath, along with storage space and potential for further enhancements. Each unit is equipped with separate utilities. Construction elements include vinyl siding and wood, with interior features such as dry wall, attic space, and mixed plumbing. Flooring includes tile, vinyl, and hardwood. Heating is provided via baseboard systems and natural gas, with space heaters noted.
The building sits on a 0.0716-acre lot and has a listed size of 3,604 square feet. It is zoned C-2. Off-street parking is available for six cars. Public water is connected, and the home includes appliances such as a gas water heater, microwave, oven/range, and refrigerator.
Built in 1900, this centrally located triplex offers a practical multi-unit layout for tenants seeking separate living arrangements and access to nearby local destinations.
The building sits on a 0.0716-acre lot and has a listed size of 3,604 square feet. It is zoned C-2. Off-street parking is available for six cars. Public water is connected, and the home includes appliances such as a gas water heater, microwave, oven/range, and refrigerator.
Built in 1900, this centrally located triplex offers a practical multi-unit layout for tenants seeking separate living arrangements and access to nearby local destinations.
Key Highlights
- C‑2 zoned three‑family building with each unit featuring three bedrooms and one bathroom
- 0.0716‑acre lot and 3,604 square feet of total building size
- Partially finished basement with an additional bath plus extra storage potential
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,625
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$952,500
$952.5K
Cap Rate 7%
$680,357
$680.4K
Cap Rate 9%
$529,167
$529.2K
Market Conditions
NOI Build-Up for 3,604 SF
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.
Gross rent
$92.1K $25.56/SF
− Vacancy
−$5.5K −$1.53/SF
EGI
$86.6K $24.03/SF
− OpEx
−$39.0K −$10.81/SF
NOI
$47.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$952,500
Cap Rate 7%
$680,357
Cap Rate 9%
$529,167
Alternative Uses
Best Use
Multifamily LT 5
$857.3K
$750.1K – $1.00M
NOI $60,008 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$680.4K
$595.3K – $793.8K
NOI $47,625 @ 7.0% cap · market cap 7.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
700
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-bedroom, one-bath units in a C-2 zoned triplex with separate utilities and a partially finished basement.
Where is this triplex located?
The property is located at 872 Lonsdale Avenue Central Falls, RI.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: C‑2 zoned three‑family building with each unit featuring three bedrooms and one bathroom; 0.0716‑acre lot and 3,604 square feet of total building size; Partially finished basement with an additional bath plus extra storage potential
