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Emilio DiSpirito

emilio.dispirito@engelvoelkers.com +1(401) 359-2338

$ 2,500,000

Est. payment -/mo

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60 Esten & 61 Vale AVE Pawtucket, RI 02860

24 Beds

12 Baths

12,704 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,704 sqft

Price per Sqft $196

MLS Listing ID 1416396

Bedrooms 24

Full Baths 12

HOA Y/N No

Abv Grd Liv Area 12,704

Year Built 1991

Annual Tax Amount $28,436

Tax Year 2025

Lot Size 0.441 Acres

Acres 0.4408

Property Sub-Type Multi Family

Property Description

This impressively renovated twelve-unit offering at 60 Esten Street and 61 Vale Street in Pawtucket consists of two 1991-built buildings, each with six large 2-bedroom units. The Property currently generates $23,225 in monthly rental income ($278,700 annually) with clear upside to a market level of $26,400/month approximately 14% as units turn. In-place rents range from $1,500 to $2,125 per month, with the renovated units achieving $2,075 to $2,125 and a market target of $2,200 across the board. Eight of the twelve units have been fully renovated with brand-new kitchens featuring high-end cabinetry, granite countertops, and stainless steel appliances, plus new flooring and fully updated bathrooms; six of those include in-unit washer/dryer (four at Esten, two at Vale), a standout amenity that commands premium rents. The remaining units are clean, well-maintained, and already achieving strong rents, offering a clear path to additional income. Key capital improvements are in place, including new boilers in both buildings, new windows on roughly half the Property, painted hallways, and new rubber stair treads, minimizing short-term capital expenditure. Ideal for an investor seeking large, well-renovated units, proven income, and one of the strongest rent-growth profiles available.

Location

State RI

County Providence

Rooms

Basement None

Interior

Heating Baseboard, Gas

Cooling None

Flooring Vinyl

Inclusions No warranty or representation, expressed or implied, is made by the Owner or Broker or any related entity as to the accuracy or completeness of the information contained herein, including but not limited to financial information or projections or any information related to the physical buildings or land. Prospective purchasers should make their own investigations, projections, and conclusions. It is expected that prospective purchasers will conduct their own independent due diligence concerning the offering.

Fireplace No

Appliance Gas Water Heater

Laundry Common Area, In Unit

Exterior

Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Other, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, See Remarks, Tennis Court(s)

Total Parking Spaces 28

Garage No

Building

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 60ESTEN&61VALEAVPAWT

Listed by New England Apartment Group

NEARBY SCHOOLS & PROPERTIES

Emilio DiSpirito

License Partner | Private Office Advisor | License ID: S35582

+1(401) 359-2338

Emilio DiSpirito

60 Esten & 61 Vale AVE Pawtucket, RI 02860

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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60 Esten & 61 Vale AVE