
$2,500,000 USD
Apartment for Sale, 60 Esten & 61 Vale Avenue, Pawtucket, Rhode Island 02860
- MLS#1416396
- Bedrooms24
- Bathrooms12
- Home/Lot size
1,180 m² (12,704 ft²)
Listed By New England Apartment Group
The Apartment for Sale located at 60 Esten & 61 Vale Avenue, Pawtucket, Rhode Island 02860 is currently for sale. 60 Esten & 61 Vale Avenue, Pawtucket, Rhode Island 02860 is listed for $2,500,000. This property has 24 bedrooms, 12 bathrooms.
Property features
Property
- Property size:
1,180 m² (12,704 ft²)
Lot/Land
- Land/Lot size:
1,784 m² (19,200 ft²)
Construction
- Year built: 1991
Bedrooms
- Bedrooms: 24
Bathrooms
- Total bathrooms: 12
- Full bathrooms: 12
Interior Features
- Floors: Vinyl
Heating and Cooling
- Heating system: BaseboardNatural Gas
Utilities
- Other utilities: Public Sewer
Community
- Features: Golf CourseMarina
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
60 Esten & 61 Vale Avenue, Pawtucket, Rhode Island 02860