60 Esten & 61 Vale Avenue, Pawtucket, RI 02860
Local realty services provided by:ERA Key Realty Services
60 Esten & 61 Vale Avenue,Pawtucket, RI 02860
$2,500,000
- 24 Beds
- 12 Baths
- 12,704 sq. ft.
- Multi-family
- Pending
Listed by: john slyman
Office: new england apartment group
MLS#:1416396
Source:RI_STATEWIDE
Price summary
- Price:$2,500,000
- Price per sq. ft.:$196.79
About this home
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....
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Home facts
- Year built:1991
- Listing ID #:1416396
- Added:107 day(s) ago
- Updated:October 03, 2026 at 08:27 AM
Rooms and interior
- Bedrooms:24
- Total bathrooms:12
- Full bathrooms:12
- Rooms Total:72
- Flooring:Vinyl
- Basement:Yes
- Living area:12,704 sq. ft.
Heating and cooling
- Heating:Baseboard, Gas
Structure and exterior
- Year built:1991
- Building area:12,704 sq. ft.
- Lot area:0.44 Acres
- Construction Materials:Vinyl Siding
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,500,000
- Price per sq. ft.:$196.79
- Tax amount:$28,436 (2025)
Features and amenities
- Laundry features:Common Area, In Unit
- Amenities:Gas Water Heater
Parking
- Total parking spaces:28
- Parking description:No Garage
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