Multifamily
For Sale
$625,000
Pawtucket, RI 02860, Pawtucket, RI 02860
Residential Income, Pawtucket, RI
Property Size2,340 SF
Lot Size0.13 Acres
Price / SF$267.09
Days on Market50
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 2
Parking
9
Window features
Storm Window(s)
Interior features
Plumbing (None), Insulation (Unknown)
Basement
Full, Unfinished, Storage Space
Appliances
Oven, Range, Refrigerator, Gas Water Heater
Lot features
Paved Driveway, Sidewalks
Standard status
Active
Size
2,340 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6270
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Flooring type
Tile - Ceramic, Hardwood
Building materials
Vinyl Siding
Additional Structures
None
Listing Agency:
Re/Max One · RE/MAX International
(401) 943-6111
Listed By:
Marko Harrington
(401) 641-1663
Added: Aug 26
Changed: Oct 8
Last Checked: Oct 14 at 1:06PM
MLS# 1421527
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.
This offering combines three multifamily properties for a total of 8 units. The portfolio includes a two-family property in Pawtucket and two three-family properties in Central Falls. The Pawtucket property is listed at 2,340 square feet and was built in 1900.
Key Highlights
- Portfolio totals 8 units across three multifamily properties
- Includes one two‑family property in Pawtucket and two three‑family properties in Central Falls
- Pawtucket property: 2,340 square feet; built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,962
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,240
$779.2K
Cap Rate 7%
$556,600
$556.6K
Cap Rate 9%
$432,911
$432.9K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$59.5K $25.44/SF
− Vacancy
−$3.9K −$1.65/SF
EGI
$55.7K $23.79/SF
− OpEx
−$16.7K −$7.14/SF
NOI
$39.0K $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%
$779,240
Cap Rate 7%
$556,600
Cap Rate 9%
$432,911
Alternative Uses
Best Use
Multifamily LT 5
$556.6K
$487.0K – $649.4K
NOI $38,962 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$441.7K
$386.5K – $515.4K
NOI $30,922 @ 7.0% cap · market cap 4.95%
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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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,518
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Three multifamily properties are offered together, comprising one two-family building and two three-family buildings.
Where is this duplex located?
The property is located at Pawtucket, RI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Portfolio totals 8 units across three multifamily properties; Includes one two‑family property in Pawtucket and two three‑family properties in Central Falls; Pawtucket property: 2,340 square feet; built in 1900
