$949,000

186 Summit St Pawtucket, RI 02860

Quality Hill Neighborhood

Estimated payment $6,142/month

Total Views 17,630
9 Beds
6 Baths
4,277 Sq Ft
$222 Price per Sq Ft

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!

Listing Agent

Joy Riley

Westcott Properties Listed on: 07/11/2025

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:0624,341061

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,811

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Levels: 8
  • Year Built Details: Actual
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 8

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 9
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full
  • Above Grade Finished Sq Ft: 4277
  • Living Area: 4277
  • Spa YN: No
  • Stories Total: 8
  • MAIN LO: BB4587
  • LIST PRICE PER Sq Ft: 221.88
  • PRICE PER Sq Ft: 221.88

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 6000

Lot Info

  • Parcel Number: M:24 L:0624,341061
  • Zoning: RM
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Sq Ft: 8200
  • Lot Size Units: Acres
  • PAGE: 159

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 10811
  • Tax Book Number: 3478
  • Tax Lot: 0624
  • Tax Map Number: 24

Multi Family

  • Electric Expense: 700
  • Gross Income: 115200
  • Insurance Expense: 4000
  • Net Operating Income: 94700
  • Number Of Units Total: 6
  • Operating Expense: 20500
  • Total Actual Rent: 4375
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 2
  • LEVELS 2: 1
  • LEVELS 3: 2
  • LEASE 4: Y
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 1
  • FLRS 2: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 For Sale $949,000 +430.2% $222 / Sq Ft
07/11/2025 07/11/25 Pending -- -- --
05/20/2025 05/20/25 For Sale $179,000 -- --
Source: MLS Property Information Network (MLS PIN)

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73403305

MLS Property Information Network (MLS PIN)

Rhode Island Providence County Pawtucket 02860 Quality Hill

186 Summit St, Pawtucket, RI

This home is located at 186 Summit St, Pawtucket, RI 02860 and is currently priced at $949,000, approximately $221 per square foot. This property was built in 1900. 186 Summit St is a home located in Providence County with nearby schools including International Charter School, Blackstone Academy Charter School, and Saint Teresa Catholic Elementary School.

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Nearby Homes
Joy Riley
Listing Agent
Joy Riley
Section Image
Westcott Properties
(401) 372-8521