274 Lonsdale Avenue Pawtucket

$950,000
4,984 sq ft

The Property

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)

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Listing Details

MLS Number

1392409

Lot Size:

0.11 acres

Features

  • Bus
  • Commuter Bus
  • Golf
  • Highway Access
  • Hospital
  • Interstate
  • Marina
  • Private School
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Tennis
  • Laundry
  • Suburban
  • Year Built: 1912

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Market Trends for Commercial Properties
in Pawtucket

  • Overview
    Homes for Sale Today46-87.4% decrease in inventory
    New on Market *4-76.5% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$137.69$4 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$0$282,500 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *%-100% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$0.00$1,000 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *293 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 Exp Realty

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