47 Montgomery presents a high-income generating investment opportunity: it generates $9,992 per month ($120K annually), making it the most lucrative cash flowing deal currently available in Rhode Island. This seven-unit property features a mix of units including two 2-bed/1-bath, four 1-bed/1-bath, and a studio unit. Tenants cover their own electric and heating costs. Owner pays for hot water. The current owner has invested $75k in recent renovations, upgrading kitchens, bathrooms, flooring, and appliances across multiple units. Additionally, all electrical wiring has been replaced, and common area hallways have been refreshed. 47 Montgomery is fully turnkey, offering immediate cash flow and significant potential for further value enhancement. Detailed financials are available upon request.
For sale
$899,999
47 Montgomery St, Pawtucket, RI 02860
8beds
3,500sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$882,600 Zestimate®
$257/sqft
$-- HOA
What's special
Upgrading kitchens
- 16 days
- on Zillow |
- 314 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: June 12, 2025 at 09:36pm
Listed by:
John Slyman 508-330-0325,
New England Apartment Group
Source: StateWide MLS RI,MLS#: 1386525

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Electric, Natural Gas, Baseboard
Cooling
- None
Appliances
- Included: Gas Water Heater
- Laundry: In Building
Features
- Flooring: Vinyl
- Basement: Full,Interior and Exterior,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 4,600
- Total interior livable area: 3,500 sqft
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Detached
- Garage spaces: 1
Features
- Stories: 3
Lot
- Size: 3,519.65 Square Feet
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Other Siding
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping
HOA
- Has HOA: No
Location
- Region: Pawtucket
Financial & listing details
- Price per square foot: $257/sqft
- Annual tax amount: $7,969
- Date on market: 6/2/2025
- Inclusions: No warranty or representation, expressed or implied, is made by the Owner or Broker or any related entity as to the accuracy or completeness of the information contained herein, including but not limited to financial information or projections or any information related to the physical buildings or land. Prospective purchasers should make their own investigations, projections, and conclusions. It is expected that prospective purchasers will conduct their own independent due diligence concerning the offering.
- Total actual rent: 9842
- Tenant pays: Heat
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