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24 Beds
12 Baths
12,704 sqft

$2,500,000

60 Esten & 61 Vale Avenue, Pawtucket RI, 02860

Price per sqft$196.79
Built in1991
Property size12,704 sqft
Property typeMulti-family

Overview

Pending

Listed Jun 25, 2026

Updated 4 weeks ago

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.

$16,633/mo

Est. mortgage payment based on a $2,500,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1416396

Interior Features

Bedrooms
24
Bathrooms
12
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.44 Acres

Other Property Details

Taxes
$28,436
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of New England Apartment Group, 508-330-0325

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Compass are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

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Data last updated 4:44 AM UTC, 8/29/2026.

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