1. Rhode Island
2. Pawtucket
3. 274 Lonsdale Avenue

274 Lonsdale Avenue, Pawtucket, RI 02830

Property Description

Discover the potential of this well-maintained 5-unit property offering over 4,800 sq. ft. of living space in the heart of Pawtucket on Lonsdale Avenue. The building is in great condition with many updates, including a newer roof (7 years old), updated PVC plumbing, and newer utilities all seperate for each unit. Currently generating $6,350/month with long-term, reliable month-to-month tenants (some in place 5–20 years), this property offers immediate cash flow with substantial upside. With below-market rents, there is an excellent opportunity to raise rents and significantly increase income. Operating expenses average around $20,000 per year total, and the property is currently covered under an umbrella insurance policy (which could be reduced with standard coverage). Conveniently located near shopping, dining, schools, and easy highway access, this property is positioned in a high-demand rental area. Whether you’re an experienced investor or looking to expand your portfolio, this 5-unit presents strong current income with even stronger future potential. Unit Mix: • Two (1-Bedroom 1 Bath) • One (2-Bedroom 1 Bath) • One (3-Bedroom, 1.5 Bath) • One (4-Bedroom, 1 Bath)

Listing Status:

Active

Date Added:

August 15, 2025 at 05:00AM

Listing Office:

SLOCUM : 401-738-4821

MLS ID:

1392409

Interior

• Laundry: Common Area

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of SLOCUM