60 Esten & 61 Vale Avenue,Pawtucket, RI 02860
Pawtucket, RI 02860
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.
Details
| MLS # | 1416409 |
|---|---|
| Listing Type | For Sale |
| Style | Apartment,residence |
| Sub-Type | Resale |
| Status | Active |
| Year | 1991 |
| Days On Site | 104 |
| Listing Provided By | New England Apartment Group | John Slyman |
Features
| SQ Feet | 12,704 |
|---|---|
| Units | 4 |
| Building(s) | 2 |
| Acreage | 0.44 |
| Golf Course | Yes |
Interior
| Heating | Baseboard |
|---|---|
| Heating Yes / No | Yes |
| Cooling | None |
| Cooling Yes / No | No |
| Laundry Features | Common Area, In Building, In Unit |
Exterior
| Lot Features | Downtown |
|---|---|
| Community Features | Bus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis |
Utilities
| Sewer | Public |
|---|---|
| Electric | 100 Amp Service |
Location
| Community Features | Bus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis |
|---|
Taxes
| Tax Annual Amount | 28436 |
|---|---|
| Tax Assessed Value | 1235200 |
| Tax Block | 00 |
| Tax Lot | 00 |
| Tax Year | 2025 |
Area Information
| State | RI |
|---|---|
| County | Providence |
| City | Pawtucket |
| Zip Code | 02860 |
| Area | Providence |
| Listing VS Median (in 02860) | |
Price: $2,500,000 low | high Med: $445,000 sqft: 12,704 low | high Med: 1,320 $ / sqft: $197 low | high Med: $337 On site: 104 low | high Med: 269 | |
Market Activity 02860
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Learn More About This Property
| State | RI |
|---|---|
| County | Providence |
| City | Pawtucket |
| Zip Code | 02860 |
| Area | Providence |
| Listing VS Median (in 02860) | |
Price: $2,500,000 low | high Med: $445,000 sqft: 12,704 low | high Med: 1,320 $ / sqft: $197 low | high Med: $337 On site: 104 low | high Med: 269 | |
