Updated Two-Family
107 Spring Street Pawtucket, RI 02860
For Sale
$530,000
Pending
MULTI_FAMILY - Pawtucket, RI
Property Size2,072 SF
Lot Size0.11 Acres
Days on Market47
Property Features for 107 Spring Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 3, Basement, Bedroom 3, Bathroom 1
Parking
2
Parking features
None
Window features
Insulated Windows
Interior features
Attic, Attic Stairs, Attic Storage, Internal Expansion, Stairs, Insulation (Unknown)
Basement
Full, Unfinished, Storage Space
Appliances
Gas Water Heater, Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
Standard status
Pending
Size
2,072 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5047
Utilities
Heating system
Baseboard, Natural Gas, Electric (Heating), Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Hardwood
Building materials
Vinyl Siding
Additional Structures
Storage
Listing Agency:
Ri Real Estate Services
(401) 885-5400
Listed By:
Lauren Sousa
(401) 556-0344
Added: Jun 11
Changed: Jul 23
Last Checked: Jul 27 at 10:06AM
MLS# 1414897
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 updated two-family residence at 107 Spring Street offers two distinct apartments over separate levels. The first-floor unit includes two bedrooms and 1.5 baths, and it is currently vacant. The second-floor apartment is a spacious one-bedroom unit with an updated kitchen and bathroom, with room described to expand up to the attic for a townhouse-style layout. A clean, well-kept basement includes newer mechanicals, ample storage, and shared washer and dryer facilities. The property also features a private fenced-in backyard and a shed for additional storage.
The home is located in Pawtucket, in the Quality Hill area. Public remarks note proximity to major routes and transit, including being one minute to I-95 and five minutes to the train. The property is also described as within walking distance to schools, with approximate travel times to Providence and Boston.
For buyers considering owner-occupancy, the vacant first-floor unit can support living on-site while collecting rental income from the second-floor apartment. Alternatively, it may appeal to investors or owner-operators looking to lease both units, supported by the property’s updated interiors and newer mechanicals alongside shared laundry and organized storage in the basement.
The home is located in Pawtucket, in the Quality Hill area. Public remarks note proximity to major routes and transit, including being one minute to I-95 and five minutes to the train. The property is also described as within walking distance to schools, with approximate travel times to Providence and Boston.
For buyers considering owner-occupancy, the vacant first-floor unit can support living on-site while collecting rental income from the second-floor apartment. Alternatively, it may appeal to investors or owner-operators looking to lease both units, supported by the property’s updated interiors and newer mechanicals alongside shared laundry and organized storage in the basement.
Key Highlights
- Two‑family home with 1‑bedroom apartment on the second floor and a 2‑bedroom, 1.5‑bath unit on the first floor
- First floor is currently vacant, offering owner‑occupied or new‑tenant rental flexibility
- Updated kitchen and bathroom on the second floor; room to expand up into the attic for additional living space
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.7k | $25.44 |
| − Vacancy | −$3.4k | −$1.65 |
| EGI | $49.3k | $23.79 |
| − OpEx | −$14.8k | −$7.14 |
| NOI | $34.5k | $16.65 |
2,072 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$492.9K
$431.3K – $575.0K
NOI $34,500 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$391.1K
$342.3K – $456.3K
NOI $27,380 @ 7.0% cap · market cap 5.17%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Immaculate two-family home with a vacant first-floor unit, two bedrooms, and private outdoor space in Pawtucket.
Where is this duplex located?
The property is located at 107 Spring Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Two‑family home with 1‑bedroom apartment on the second floor and a 2‑bedroom, 1.5‑bath unit on the first floor; First floor is currently vacant, offering owner‑occupied or new‑tenant rental flexibility; Updated kitchen and bathroom on the second floor; room to expand up into the attic for additional living space
