Investors and developers—a rare opportunity to own a fully updated six-unit converted mansion with outstanding upside potential. The property features three spacious two-bedroom, two-bath units, each with in-unit laundry, & three modern one-bedroom, one-bath units. Inside, you’ll find a dramatic leather-walled foyer & a grand staircase, with all units offering updated tile baths, newer kitchens, & hardwood floors. Heating is efficient & reliable with three gas forced hot air systems & three gas baseboard systems. The exterior is maintenance-free, & the large yard provides ample parking. There is an extra lot, which may be buildable, is available for separate purchase, though parking is plentiful without it. The building is currently occupied by long-term tenants on predominantly month-to-month leases at below-market rents, giving you immediate value-add potential. This turnkey investment offers condo conversion possibilities and impressive curb appeal. Truly a significant investment!
For sale
$949,000
186 Summit St, Pawtucket, RI 02860
9beds
4,277sqft
Est.:
5-9 Family
Built in 1900
-- sqft lot
$929,600 Zestimate®
$222/sqft
$-- HOA
What's special
Modern one-bedroom one-bath unitsLarge yardAmple parkingIn-unit laundrySpacious two-bedroom two-bath unitsUpdated tile bathsNewer kitchens
- 8 days
- on Zillow |
- 493 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: April 22, 2025 at 12:10am
Listed by:
Joy Riley,
Westcott Properties
Source: MLS PIN,MLS#: 73361539
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 6
- Full bathrooms: 6
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 4,277
- Total interior livable area: 4,277 sqft
- Finished area above ground: 4,277
Property
Parking
- Total spaces: 6
- Parking features: Paved Drive
- Has uncovered spaces: Yes
Lot
- Size: 8,200 Square Feet
Details
- Parcel number: M:24 L:0624,341061
- Zoning: RM
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Foundation: Concrete Perimeter
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School
Location
- Region: Pawtucket
Financial & listing details
- Price per square foot: $222/sqft
- Tax assessed value: $500,500
- Annual tax amount: $10,811
- Date on market: 4/18/2025
- Total actual rent: 4375
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