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47 Mary St 6 Unit Apartment Building $719,999 ($120,000/Unit) 7.70% Cap Rate Pawtucket, RI 02860



Executive Summary
6-Unit Cash-Flowing Investment Opportunity! 47 Mary Street is a well-located property in a strong Pawtucket rental market, offering investors immediate income potential with long-term upside. The building features six separate units, including four two-bedroom units and two one-bedroom units. Four of the apartments have been recently renovated, and a brand-new roof has been installed. The property offers ample off-street and assigned parking. Additional basement space with brand new coin-operated laundry, presenting an opportunity for added income. Situated on a quiet residential street with convenient access to major highways, public transportation, shopping, and local amenities. This property benefits from consistent tenant demand and low vacancy in the area, as all units are rented, including tenants with four to eight-plus years of occupancy. An excellent opportunity for value-add potential and strong rental demand.
Property Facts
| Price | $719,999 | Building Class | B |
| Price Per Unit | $120,000 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 4,095 SF |
| Cap Rate | 7.70% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.4 | No. Stories | 3 |
| No. Units | 6 | Year Built/Renovated | 1910/2025 |
| Property Type | Multifamily | Parking Ratio | 1.47/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM | ||
| Price | $719,999 |
| Price Per Unit | $120,000 |
| Sale Type | Investment |
| Cap Rate | 7.70% |
| Gross Rent Multiplier | 9.4 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 4,095 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1910/2025 |
| Parking Ratio | 1.47/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Storage Space
- Washer/Dryer
- Eat-in Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Basement
- Deck
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Number | PAWT-000055-000000-000102 | Improvements Assessment | $409,000 |
| Land Assessment | $69,900 | Total Assessment | $478,900 |
Property Taxes
Parcel Number
PAWT-000055-000000-000102
Land Assessment
$69,900
Improvements Assessment
$409,000
Total Assessment
$478,900
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47 Mary St
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