New England Apartment Group
Listed by New England Apartment Group
$2,500,000
60 Esten & 61 Vale Avenue
Details
APN 60ESTEN&61VALEAVPAWT
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 12,704
Units 4
Year Built 1991
Buildings 2
Acreage 0.441
Parking Spaces 28 spaces
Parking per 1,000 SqFt 2.20
Multifamily | 4 Units
Marketing description
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.
Listing Contacts
New England Apartment Group
Listed by New England Apartment Group
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Zoning
RM ResidentialMulti FamilyResidential Multifamily
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