- For Sale $2,150,000
- Property Type Multi-Family
- Property Size 8,578 SF
- Units 9
- Lot Size 0.4 Acre
- Date Updated Sep 1, 2026
Description
10 & 26 Saratoga Street comprise a two-building, nine-unit multifamily investment opportunity in Pawtucket, Rhode Island. The properties consist entirely of two-bedroom apartments, including three fully renovated townhouse-style units with 2 bedrooms and 1.5 bathrooms. The portfolio generates approximately $18,235 in monthly rental income, or $218,820 annually, providing an established income stream for investors.
The properties are located within an established residential area of Pawtucket, offering convenient access to local retail, dining, schools, services, and major transportation routes. Pawtucket benefits from its proximity to Providence and the broader Greater Providence employment market, while providing a more affordable residential environment. The area is served by major roadways including Interstate 95 and Route 146, supporting regional connectivity throughout Rhode Island and southeastern Massachusetts.
Overall, 10 & 26 Saratoga Street present an opportunity to acquire a small multifamily portfolio with an all-two-bedroom unit mix, existing rental income, renovated townhouse-style units, and a strategic location within the Greater Providence rental market.Opportunity to own a two-building, brick nine-unit multifamily package at 10 Saratoga Street (built 2008) and 26 Saratoga Street (built 1988) in Pawtucket, RI. This cash-flowing asset generates $18,235/month ($218,820 annually). The all-2-bedroom mix includes three premium, fully renovated townhouse-style 2BR/1.5-bath units commanding $2,375–$2,495 per month, alongside six 2BR/1-bath apartments. Renovated units feature granite countertops, stainless steel appliances (including dishwashers), new cabinetry, new bathroom vanities, new flooring, and central air conditioning throughout every unit. Because tenants pay their own heat, hot water, and electricity, owner operating expenses stay low — supporting a 7.0% in-place cap rate that rises to 7.5% at market. A new roof, replacement windows across half the property, and ample parking (including a large rear lot) round out a turnkey, low-maintenance asset.
Highlights
- 9-Unit Multifamily Portfolio: Two brick buildings consisting entirely of two-bedroom apartments.
- Central Air: Central A/C throughout the residential units.
- Established Rental Income: Approximately $18,235/month ($218,820 annually).
- Parking: Ample off-street parking, including a large rear lot.
- Pawtucket Location: Convenient access to Providence, I-95, Route 146, local retail, dining, schools, and services.
- Recent Improvements: New roof and replacement windows across approximately half of the property.
- Renovated Townhouse Units: Three 2BR/1.5BA units with rents ranging from approximately $2,375$2,495/month.
- Tenant-Paid Utilities: Tenants pay heat, hot water, and electricity.
- Updated Interiors: Renovated units feature granite countertops, stainless steel appliances, new cabinetry, bathroom vanities, and flooring.
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Contacts
Rich Cawley
United Multi Family
Location
Located at 9 Units in Pawtucket RI, 10 & 26 Saratoga Ave Pawtucket, RI 02861, this property is part of the Darlington neighborhood and Providence market.
Contact Listing Broker
Rich Cawley
United Multi Family