$499,000
About this home
HIGHEST & BEST DUE MONDAY 6/3 AT 5PM. Discover a unique investment opportunity with this multifamily home, ideally situated on the Central Falls/Pawtucket line. This property includes two buildings on one lot, offering a total of three fully occupied units with potential for expansion into the attic to create a fourth unit or an oversized townhouse-style apartment. Each unit features 2 bedrooms and 1 bathroom, along with individually metered utilities, making it perfect for attracting long-term tenants. Off-street parking, a highly sought-after feature in this area, is also available. Most major updates have already been completed, including replacement windows, vinyl siding, and new roofs and boilers within the last 2-3 years. Coin-operated laundry provides additional tenant convenience and an extra revenue stream. With long-term tenants currently in place, there's also potential to increase rents and maximize your return on investment. Conveniently located just minutes from the train station, this property offers excellent commuter access and is situated in a growing neighborhood. It’s ideal for investors looking to expand their portfolio with a stable, income-generating property. The opportunity to raise rents and add an additional unit makes this an attractive option for those seeking long-term value and growth. Don't miss out on this rare chance to own a multifamily home in a prime location with significant upside potential!
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.
- Real estate (PITI + HOA + PMI)
- $4,560
- Utilities
- $1,904
- Transportation
- $150
- Other (entertainment)
- $140
Quick facts
At a glance
Home features
Lot features
Out Building, Paved
Neighborhood — 02863
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 14,429 | 1,095,423 | 299,088,112 |
| Population Change Since1990 | 14.00% | 9.00% | 20.00% |
| Population Density | 11,248 | 994 | — |
| Male | 7,273 | 529,266 | 147,432,321 |
| Female | 7,156 | 566,157 | 151,655,844 |
| Never Married | 3,779 | 266,404 | 63,775,926 |
| Married | 4,405 | 435,678 | 123,120,365 |
| Separated | 1,072 | 43,642 | 12,639,686 |
| Widowed | 820 | 66,668 | 15,467,586 |
| Divorced | 1,096 | 83,843 | 23,075,029 |
| Number Of House Hold | 5,003 | 410,399 | 111,826,380 |
| Average House Hold Size | 2.77 | 2.56 | 2.60 |
| Medial Age | 30.86 | 37.27 | 35.46 |
| Median House Hold Income | $31,213 | $47,553 | $48,276 |
| Average House Hold Income | $36,369 | $61,609 | $63,629 |
| P C I | $13,713 | $23,965 | $24,529 |
| M D I | $27,915 | $40,634 | $41,133 |
| A T H E | $35,707 | $49,940 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 71.01% | 78.02% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 5/31/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.