Investment Overview

Marcus & Millichap is pleased to offer for sale the multi-family portfolio located in Pawtucket, Rhode Island. Built in 1991, these properties include twelve bedrooms and six bathrooms. Both buildings are situated on 9,600-square-foot lots, offering ample space for on-site parking and potential outdoor amenities. Whether maintained as long-term, cash-flowing assets or enhanced through strategic upgrades, this portfolio presents a rare opportunity to acquire scale in the desirable Woodlawn neighborhood, known for its convenient access to public transportation, shopping, parks, and schools. Pawtucket has experienced steady growth driven by strong rental demand and a limited housing supply. Vacancy rates remain low, highlighting a market in which demand consistently exceeds available units. This supply-demand imbalance positions well-located properties for stable occupancy and potential rent growth. In recent years, there has been an increase in property renovations in the city, enhancing tenant appeal, supporting higher rental rates, and contributing to both short-term income growth and long-term asset appreciation. These trends are bolstered by Pawtucket's pro-business redevelopment climate, which includes incentives for adaptive reuse and infrastructure investments, aligning the upside potential of this portfolio with broader neighborhood growth trends.