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23 Spring Street, Pawtucket, RI 02860

Beds
7
Baths
4
Sqft
5,412

View property features, location on map, relevant school information and overview from seller's agent.

Listed byColdwell Banker Realty
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Overview

*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.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
3
Number of bedrooms
7
Number of bathrooms
4
Square feet
5,412
Lot size (acres)
0.18
Year built
1910

Interior features

Basement
Yes, Unfinished
Fireplaces
1

Utilities

Heating
Natural gas, None, Steam
Cooling
Window unit(s)
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2025)
$6,386

Public schools

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Sourced from: StateWide MLS MLS®#: 1403024 Last checked:

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