23 Spring Street Pawtucket

$579,000
7 4 5,412 sq ft

The Property

*FLIPPERS or 203K BUYERS*. Located in the heart of Pawtucket, this four-unit multifamily investment opportunity is ideal for flippers and value-add investors seeking scale, flexibility, and upside. Set on a 7,866-square-foot lot, the property offers over 3,912 square feet of living space with a layout that supports multiple renovation strategies and income optimization.

The first-floor unit features two bedrooms and one full bathroom, with potential to convert to a three-bedroom, creating immediate value-add potential.

The second floor includes two separate one-bedroom, one-bath units, well suited for maximizing rental income. The third floor offers a three-bedroom, one-bath unit, appealing to tenants seeking additional living space.

The property includes ample on-site parking, gas service, separate electric meters for each unit, and a house meter, providing a solid operational foundation. A full basement adds valuable storage and utility space, supporting future improvements or system upgrades.

Conveniently located near Pawtucket–Central Falls Station, major highways, and downtown Pawtucket, this location supports strong commuter demand with easy access to Providence and Boston. Nearby amenities, shopping, dining, and transit enhance long-term rental appeal.

This is a compelling opportunity for investors looking to renovate, reposition, and unlock equity in a well-located multifamily asset within a growing Pawtucket market.

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Listing Details

MLS Number

1403024

Lot Size:

0.18 acres

Features

  • Basement: Full, Interior Only, Unfinished
  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Tennis
  • Fireplace: Brick
  • Heating: Natural Gas, None, Steam
  • Heating Fuel: Natural Gas, None, Steam
  • Fenced
  • Sidewalks
  • Year Built: 1910

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Market Trends for Single Family Homes
in Pawtucket

  • Overview
    Homes for Sale Today77-94.4% decrease in inventory
    New on Market *30-26.8% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$257.77$25 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$496,375$54,852 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *99.85%-0.2% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$295.00$29 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *704 increase 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 Coldwell Banker Realty

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