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About this home
Exceptional investment opportunity in the heart of Pawtucket! This well-maintained 4-unit multifamily features a total of 10 bdrms and 4 full baths and sits on a highly visible corner lot with two addresses: 58 62 Arch Street & 146 148 Pond Street. Whether you're looking to expand your investment portfolio or owner-occupy while generating rental income, this property offers outstanding potential. The property has seen numerous capital improvements, including a roof approximately 6 years old and 3 of the 4 furnaces recently replaced, helping reduce future maintenance costs. The building also offers a nice-sized basement, separate utilities, and spacious apartments that provide strong rental appeal. Ideally located just minutes from I-95, the MBTA Commuter Rail, shopping, restaurants, schools, parks, and downtown Pawtucket, this property offers convenience for both owners and tenants alike. With excellent income-producing potential, strong long-term appreciation, and value-add opportunities, this is a rare chance to acquire a sizable multifamily in one of Northern Rhode Island's fastest-growing markets. Don't miss this exceptional investment opportunity!
Quality Hill, located between Downtown Pawtucket and Central Falls, is a historic and residential Pawtucket neighborhood with hillside streets and mill-era architecture. The neighborhood’s character concentrates around the Pawtucket Arts & Entertainment District corridor near Exchange Street, where galleries, small stages, and coffee counters set a steady street-level hum. The Blackstone River edges the area with pocket parks and bridges that frame daily walks. Brick multifamily houses and compact side streets give the blocks a tight, older New England grain. The Pawtucket Armory anchors the skyline with civic-scale presence. Nearby, The Guild Pawtucket and the Pawtucket Farmers Market act as familiar gathering points.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Basement with interior entry; unfinished
Bedrooms
Three-bedroom unit
Bathrooms
Four full bathrooms
Unit has one full bathroom
Bathtub, stall shower, and tub/shower
Kitchen
Oven, range, refrigerator
Laundry & utility
Gas water heater
Flooring
Hardwood, laminate
Heating & cooling
Baseboard, gas, hot water heating
Home design
Three stories
Parking
One covered parking space
No garage
Construction
Drywall and vinyl siding
Utilities
Public sewer
Multiple water meters
110- and 220-volt electric
200-amp-or-higher electric service
HOA & community
Near highway access, hospital, schools, public transportation, restaurants, and shopping
Other
Four units across two buildings
Electricity and solar
View estimated energy costs and solar savings for this home
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Historical weather
Pawtucket, RI • 02860
Average low and high temperatures (°F)
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21
38
22
51
33
61
42
69
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84
67
79
60
74
58
64
48
54
38
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Pawtucket. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.1 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 146 148 Pond St
$744,877
$5,123 under list price of $750K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $440K to $725K.