274 Lonsdale Avenue, Pawtucket, Rhode Island 02830
Listed By Slocum
The Commercial Property for Sale located at 274 Lonsdale Avenue, Pawtucket, Rhode Island 02830 is currently for sale. 274 Lonsdale Avenue, Pawtucket, Rhode Island 02830 is listed for $950,000. This property has Golf Course Holes, Marina Club, Suburban.
Date Updated : Aug 16, 2025
Property features
Key features
- Golf Course Holes
- Marina Club
- Suburban
Construction details
- Year built: 1912
Description
Discover the potential of this well-maintained 5-unit property offering over 4,800 sq. ft. of living space in the heart of Pawtucket on Lonsdale Avenue. The building is in great condition with many updates, including a newer roof (7 years old), updated PVC plumbing, and newer utilities all seperate for each unit.
Currently generating $6,350/month with long-term, reliable month-to-month tenants (some in place 5–20 years), this property offers immediate cash flow with substantial upside. With below-market rents, there is an excellent opportunity to raise rents and significantly increase income.
Operating expenses average around $20,000 per year total, and the property is currently covered under an umbrella insurance policy (which could be reduced with standard coverage).
Conveniently located near shopping, dining, schools, and easy highway access, this property is positioned in a high-demand rental area. Whether you’re an experienced investor or looking to expand your portfolio, this 5-unit presents strong current income with even stronger future potential.
Unit Mix:
• Two (1-Bedroom 1 Bath)
• One (2-Bedroom 1 Bath)
• One (3-Bedroom, 1.5 Bath)
• One (4-Bedroom, 1 Bath)
Location
All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.