Three-Unit Triplex with Fenced
New
For Sale
$629,000
95 Meadow Street, Pawtucket, RI 02860
The top-floor apartment has an open kitchen, living, and dining area, plus two bedrooms and skylights.
Property Size3,456 SF
Price / SF$182
Days on Market3
Property Features for 95 Meadow Street
General Information
Standard status
Active
Size
3,456 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
RE/MAX Properties
Listed By:
Rachel Baptista Da Moeda · License #38505
(401) 692-1796
Source:
Onshorerealtors
Added: Oct 23
Last Checked: Oct 24 at 2:22PM
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 RE/MAX Properties
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Investment Insights
Based on property information with market context.
This 3,456-square-foot triplex at 95 Meadow Street contains three apartments and dates to 1900. The first-floor unit has two bedrooms, a double parlor, an eat-in kitchen, and one full bathroom; it is scheduled to be vacant at closing. The second floor also has a double-parlor layout. On the third floor, an open kitchen, living, and dining area connects with two bedrooms and one full bathroom, while tall ceilings and skylights add character to the space.
The property includes a driveway for off-street parking, a fenced yard, and a recently cemented walkway. Shopping, dining, and transportation are nearby, and the Massachusetts border is accessible from the property.
The property includes a driveway for off-street parking, a fenced yard, and a recently cemented walkway. Shopping, dining, and transportation are nearby, and the Massachusetts border is accessible from the property.
Key Highlights
- Three apartments in a 3,456‑square‑foot building constructed in 1900
- First‑floor apartment has two bedrooms, a double parlor, eat‑in kitchen, and full bathroom
- First‑floor unit will be vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,544
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,150,880
$1.2M
Cap Rate 7%
$822,057
$822.1K
Cap Rate 9%
$639,378
$639.4K
Market Conditions
NOI Build-Up for 3,456 SF
Gross rent
$87.9K $25.44/SF
− Vacancy
−$5.7K −$1.65/SF
EGI
$82.2K $23.79/SF
− OpEx
−$24.7K −$7.14/SF
NOI
$57.5K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,150,880
Cap Rate 7%
$822,057
Cap Rate 9%
$639,378
Alternative Uses
Best Use
Multifamily LT 5
$822.1K
$719.3K – $959.1K
NOI $57,544 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$652.4K
$570.9K – $761.2K
NOI $45,669 @ 7.0% cap · market cap 7.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,661
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
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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 - The top-floor apartment has an open kitchen, living, and dining area, plus two bedrooms and skylights.
Where is this triplex located?
The property is located at 95 Meadow Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Three apartments in a 3,456‑square‑foot building constructed in 1900; First‑floor apartment has two bedrooms, a double parlor, eat‑in kitchen, and full bathroom; First‑floor unit will be vacant at closing
