518 Lonsdale Avenue, Pawtucket, RI 02860

Property Description

Three-unit multifamily property for sale at 518 Lonsdale Ave in Pawtucket, RI, offering a strong opportunity for both investors and owner-occupants. This 2,450 square foot triplex features three 2-bedroom, 1-bath units, each positioned on its own floor, providing privacy and a functional layout that appeals to today's rental market. The property sits on a 3,485 square foot lot and includes two off-street parking spaces. Exterior features include vinyl siding, and the building is serviced by a steam heating system. The RM zoning supports continued multifamily use, making this a stable long-term investment in a growing area. Each unit offers a self-contained living space, ideal for consistent tenant demand and ease of management. This layout is especially attractive for owner-occupants looking to live in one unit while generating rental income from the others. Conveniently located less than five miles from downtown Providence, this property offers quick access to I-95 and Route 146, making it a commuter-friendly location. Nearby access to the MBTA Providence/Stoughton line provides direct service to Boston, increasing rental appeal for tenants working in both Providence and Boston. Pawtucket continues to see growth and investment, especially along the Blackstone Valley corridor, supporting strong demand for multifamily housing. This is a solid opportunity for a buy-and-hold investor, 1031 exchange buyer, or anyone seeking a move-in ready multifamily property.