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Pawtucket Multi-Family Investment Opportunity

135 Boutwell Street Pawtucket, RI 02860

Pending

$499,000

MULTI_FAMILY - Pawtucket, RI

Type:Apartment

Property size:

2,466 SF

Lot size:

0.08 Acres

Pending

$499,000

MULTI_FAMILY - Pawtucket, RI

Type:Apartment

Property size:

2,466 SF

Lot size:

0.08 Acres

Added:: May 7, 2026
Days on Market:: 66
Last Refresh:: Jul 11 at 4:06 pm

Property Features for 135 Boutwell Street

General Information

Property type: Residential Multi Family
Property subtype: Apartment
Bedrooms: 5
Bathrooms: 3
Rooms: Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 1, Basement
Parking: 4
Parking features: Garage
Basement: Finished, Full
Appliances: Gas Water Heater
Standard status: Pending
Size: 2,466 SF
Lot size: 0.08 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 4378

Utilities

Heating system: Natural Gas, Baseboard

Building Details

Year built: 1900
Number of units: 2
Flooring type: Laminate, Tile - Ceramic
Building materials: Vinyl Siding

Listing agent Kyle Seyboth License #REC.0005226

Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI

Listing date May 7, 2026

MLS# 1411957 Listing URL

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-family home in Pawtucket features a spacious three-bedroom, two-bath unit and a two-bedroom, one-bath unit. Both units are currently vacant and ready for immediate rental income, presenting an opportunity for investors or owner-occupants. The layouts offer comfortable living areas with potential. Off-street parking provides convenience for residents and guests. The property is located in the Woodlawn neighborhood, with access to shopping, dining, schools, parks, and everyday amenities. The Pawtucket/Central Falls Transit Center, offering MBTA Commuter Rail access to Providence and Boston, along with RIPTA bus connections, is nearby. Downtown Pawtucket, with its arts, restaurants, entertainment, and attractions along the Blackstone River, including Old Slater Mill, is also easily accessible. Interstate 95 and surrounding Rhode Island and Massachusetts destinations are within convenient reach. The property size is 2466 square feet and the lot size is 0.08 acres.

Key Highlights

Vacant 2‑family home ready for immediate rental income or owner‑occupancy.
Spacious layouts with a 3‑bedroom, 2‑bath unit and a 2‑bedroom, 1‑bath unit.
Desirable Woodlawn neighborhood location with convenient access to amenities.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$62.7k	$25.44
− Vacancy	−$4.1k	−$1.65
EGI	$58.7k	$23.79
− OpEx	−$17.6k	−$7.14
NOI	$41.1k	$16.65

2,466 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$586.6K

$513.3K – $684.3K (±1% cap)

NOI $41,060 @ 7.0% cap · market cap 8.23%

Second Best

Apartment 5plus

$465.5K

$407.3K – $543.1K (±1% cap)

NOI $32,587 @ 7.0% cap · market cap 6.53%

Theoretical Best

—

same as Best Use

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Duplexes
RI
Pawtucket
02860
135 Boutwell Street

What type of property is this?

Duplex - Two-unit property in Pawtucket with immediate rental income potential.

Where is this duplex located?

The property is located at 135 Boutwell Street Pawtucket, RI.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: Vacant 2‑family home ready for immediate rental income or owner‑occupancy.; Spacious layouts with a 3‑bedroom, 2‑bath unit and a 2‑bedroom, 1‑bath unit.; Desirable Woodlawn neighborhood location with convenient access to amenities.

135 Boutwell Street Pawtucket, RI 02860

MULTI_FAMILY - Pawtucket, RI

Property Features for 135 Boutwell Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Pawtucket Commercial Property For Sale

Pawtucket Commercial Property with Steeple

Established Liquor Store Business Opportunity

Three-Story Multifamily Building

Renovated Triplex with In-Unit Laundry

Four-Unit Mixed-Use Property

Well-Updated 2-Family Duplex

Legal Two-Family Home with Additional Dwelling

Immaculate Two-Family Residence

Three-Story Multifamily Conversion

Two-Building Multifamily Income Property

Townhouse-Style Duplex Investment

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