8 - 12 King Street Pawtucket

$849,900
4,550 sq ft

The Property

This well-maintained multi-family property in Pawtucket features two buildings comprising five rental units. The front building includes three spacious 3-bedroom units, while the rear building offers two comfortable 2-bedroom units. Each unit is currently occupied by long-term tenants, providing a stable income stream for potential investors. The property also boasts updated parking facilities, enhancing convenience for residents.

With a positive cap rate, this investment opportunity is ideal for those looking to expand their real estate portfolio in a growing area. The strategic layout and consistent occupancy make it a solid choice for both seasoned and new investors alike.

### Highlights

– Two buildings with five rental units total.

– Front unit: three 3-bedroom apartments.

– Rear unit: two 2-bedroom apartments.

– Updated parking facilities available.

– Long-term tenants in place ensure stable income.

– Positive cap rate appealing to investors.

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Listing Details

MLS Number

1415838

Lot Size:

0.11 acres

Features

  • Basement: Full
  • Bus
  • Commuter Bus
  • Highway Access
  • Interstate
  • Private School
  • Public School
  • Railroad
  • Restaurants
  • Schools
  • Heating: Baseboard, Forced Water, Gas Connected
  • Heating Fuel: Baseboard, Forced Water, Gas Connected
  • Laundry
  • Free Standing
  • Year Built: 1920

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Market Trends for Commercial Properties
in Pawtucket

  • Overview
    Homes for Sale Today43-89.4% decrease in inventory
    New on Market *9-10% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$129.90$60 increase in List Price/Sq.Ft.
    Avg. Sale Price *$470,000$200,000 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *90.31%-12.4% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$0.00$203 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *19540 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?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by CENTURY 21 Gonsalves - Pastore
Phone: 401-728-2770

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