Multi Family at 487 Grand Avenue, Pawtucket
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$542,000

487 Grand Avenue
Pawtucket, RI 02861
Listed by Adam Cardinal
Bedrooms
3
Bathrooms
2
Living area
N/A
Year built
1930

About this home

Welcome to truly a one of a kind opportunity in the heart of Pawtucket! This exceptional 2-unit home effortlessly blends historic character and charm with incredible future potential. From the moment you arrive, you will be captivated by the home's inviting architecture and unique details that set it apart from typical multi-family properties. Whether you are an investor looking to grow your portfolio or an owner-occupant seeking to offset your mortgage while living in a beautiful space, this residence delivers on all fronts. One of the most exciting features of this property is that it comes with an extra lot with potential to build, presenting endless possibilities for expansion, a sprawling city garden, or brand-new construction. Furthermore, parking, storage, and workspace will never be an issue thanks to the spacious 2 car barn style garage that perfectly complements the vintage aesthetic of the estate. Properties offering this rare combination of immediate rental appeal, classic beauty, and raw development upside simply do not come on the market often. Don't miss your chance to own a piece of Pawtucket history with the absolute flexibility to shape its future. Schedule your private showing today to explore the limitless possibilities this exceptional property has to offer!

Property details

MLS #
1425023
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
1
On market date
October 5, 2026
Stories
2
Total bathrooms
2
Garage spaces
2
Parking spaces
10
Lot size
0.1837 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Flora S. Curtis School
0.21 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
281
Student:teacher ratio
11.2:1
District
Pawtucket
Middle
Lyman B. Goff Middle School
0.78 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
618
Student:teacher ratio
13.4:1
District
Pawtucket
High
Jacqueline M. Walsh School
1.53 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
191
Student:teacher ratio
11.9:1
District
Pawtucket

Walkability

Blended score for Pawtucket's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

84
Highly walkable
out of 100
EPA National Walkability Index
15.2 / 20 -- Above average walkable
Google Places amenity density
95 / 100
Restaurants & cafes20
Grocery stores5
Parks5
Schools10
Transit stops20
Pharmacies1

Market position

How this listing compares to current activity in Pawtucket, from live MLS data.

On the market 1 days -- 43 fewer days than Pawtucket's current average of 44 days.
For reference, the median list price across 397 active listings in Pawtucket right now is $439,999.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$3,414/mo
$108,400 down
$433,600 loan
Principal & interest$2,812
Property tax (est.)$452
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 2 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.