23 Spring Street
Pawtucket, RI, 02860 $ 579,000
Bedrooms7 Baths4.0 Sq 5,412 Monthly Estimate*
$ 3,565
for $579,000 with 7 bedrooms and 4 full baths. This 5,412 square foot home was built in 1910 on a lot size of 0.1806.
*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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List ByColdwell Banker RealtyBroker
myhome@alexparmenidez.realtorEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,565
- Monthly Property Taxes
- $532
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Pawtucket, RI
Average List Price $669,468
Percent of Sale Price 16%
About Pawtucket, RI 71,192 Population
-2% Since 2002
$ 44,837 Median Income
38.96 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/16/2026 | $579,000 | | Listed Price |