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

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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
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 - -
Walk Score®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
PAWT-000055-000000-000102
Land Assessment
$69,900
Improvements Assessment
$409,000
Total Assessment
$478,900
  • Listing ID: 39319526

  • Date on Market: 2/4/2026

  • Last Updated:

  • Address: 47 Mary St, Pawtucket, RI 02860

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