186 Summit St Pawtucket, RI 02860
Quality Hill NeighborhoodEstimated payment $5,878/month
Highlights
- Medical Services
- Park
- Shops
- Property is near public transit
About This Home
Investors and developers—a rare opportunity to own a fully updated six-unit converted mansion with outstanding upside potential. The property features three spacious two-bedroom, two-bath units, each with in-unit laundry, & three modern one-bedroom, one-bath units. Inside, you’ll find a dramatic leather-walled foyer & a grand staircase, with all units offering updated tile baths, newer kitchens, & hardwood floors. Heating is efficient & reliable with three gas forced hot air systems & three gas baseboard systems. The exterior is maintenance-free, & the large yard provides ample parking. There is an extra lot, which may be buildable, is available for separate purchase, though parking is plentiful without it. The building is currently occupied by long-term tenants on predominantly month-to-month leases at below-market rents, giving you immediate value-add potential. This turnkey investment offers condo conversion possibilities and impressive curb appeal. Truly a significant investment!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,811
Year Built
- Built in 1900
Lot Details
- 8,200 Sq Ft Lot
Home Design
- Concrete Perimeter Foundation
Interior Spaces
- 4,277 Sq Ft Home
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Driveway
- Open Parking
Location
- Property is near public transit
- Property is near schools
Listing and Financial Details
- Tax Lot 0624
- Assessor Parcel Number M:24 L:0624,403282
Community Details
Overview
- 6 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Park
Building Details
- Electric Expense $700
- Insurance Expense $4,000
- Water Sewer Expense $6,000
- Operating Expense $20,500
- Net Operating Income $94,700
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/08/2025 12/08/25 | Pending | -- | -- | -- | |
| 12/08/2025 12/08/25 | For Sale | $949,000 | +458.2% | $222 / Sq Ft | |
| 10/27/2025 10/27/25 | Sold | $170,000 | -5.0% | -- | View Prior Sale |
| 07/11/2025 07/11/25 | Pending | -- | -- | -- | |
| 05/20/2025 05/20/25 | For Sale | $179,000 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73460674
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