518 Lonsdale Avenue Pawtucket

$599,000
6 3 2,450 sq ft

The Property

Three-unit multifamily property for sale at 518 Lonsdale Ave in Pawtucket, RI, offering a strong opportunity for both investors and owner-occupants. This 2,450 square foot triplex features three 2-bedroom, 1-bath units, each positioned on its own floor, providing privacy and a functional layout that appeals to today’s rental market. The property sits on a 3,485 square foot lot and includes two off-street parking spaces. Exterior features include vinyl siding, and the building is serviced by a steam heating system.

The RM zoning supports continued multifamily use, making this a stable long-term investment in a growing area. Each unit offers a self-contained living space, ideal for consistent tenant demand and ease of management. This layout is especially attractive for owner-occupants looking to live in one unit while generating rental income from the others. Conveniently located less than five miles from downtown Providence, this property offers quick access to I-95 and Route 146, making it a commuter-friendly location. Nearby access to the MBTA Providence/Stoughton line provides direct service to Boston, increasing rental appeal for tenants working in both Providence and Boston. Pawtucket continues to see growth and investment, especially along the Blackstone Valley corridor, supporting strong demand for multifamily housing. This is a solid opportunity for a buy-and-hold investor, 1031 exchange buyer, or anyone seeking a move-in ready multifamily property.

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Listing Details

MLS Number

1408937

Lot Size:

0.08 acres

Features

  • Basement: Full, Interior and Exterior, Finished, Family Room, Playroom, Storage Space, Utility
  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Heating: Natural Gas, Baseboard, Gas on Gas
  • Heating Fuel: Natural Gas, Baseboard, Gas on Gas
  • Garage: 1
  • Laundry
  • Fenced
  • Paved Driveway
  • Sidewalks
  • Year Built: 1912

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Market Trends for Single Family Homes
in Pawtucket

  • Overview
    Homes for Sale Today84-94.2% decrease in inventory
    New on Market *55-14.1% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$271.83$28 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$445,616$9,737 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *100.56%2.4% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$290.08$25 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *5723 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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Listed by Coldwell Banker Realty

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