Multi Family at 55 57 Cole Street, Pawtucket
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$589,900

55 57 Cole Street
Pawtucket, RI 02860
Listed by Izabella Whiting
Bedrooms
6
Bathrooms
3
Living area
N/A
Year built
1940

About this home

Perfect opportunity for savvy investors or owner-occupants looking to build immediate equity! Ideally located minutes from the Massachusetts border, this rock-solid, turn-key 2-family home offers incredible versatility, modern updates, and high rental upside with below-market rents. The first-floor unit features a comfortable 2-bedroom, 1-bathroom layout with a distinct living room, formal dining room, and an updated kitchen. The massive, townhouse-style second and third-floor unit boasts over 1,900sq.ft , beautifully configured with 4 bedrooms, 2 full bathrooms, 2 living rooms, and a dual-kitchen setup—ideal for an in-law suite, extended families, or maximizing rental income. Both units feature some wood flooring, updated kitchens, modern bathrooms, and natural light streaming through many windows, alongside the privacy of separate front and back entryways. Low-maintenance vinyl siding and vinyl windows ensure years of worry-free upkeep. The expansive basement adds tremendous value, featuring a dedicated workshop area, a ton of extra storage space, and included washer & dryer. Outside, enjoy a fenced yard complete with a patio, garden spaces, and a large storage shed. Valuable bonuses include lead certificates ,separate utilities, and 5 off-street parking spaces in a long, beautifully appointed driveway. Commuters will love the ultra-convenient access to major highways and nearby T-Stations. This home comes fully applianced and ready to perform. A MUST SEE!

Property details

MLS #
1423376
Property type
Multi Family
Subdivision
Massachusetts Line
Status
Active
Days on market
2
On market date
September 18, 2026
Stories
3
Total bathrooms
3
Garage spaces
N/A
Parking spaces
5
Lot size
0.1082 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Curvin-McCabe School
0.57 mi away · Grades 0-5
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
345
Student:teacher ratio
11.1:1
District
Pawtucket
Middle
Calcutt Middle School
0.9 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
729
Student:teacher ratio
17.0:1
District
Central Falls
High
William E. Tolman High
0.86 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,091
Student:teacher ratio
15.8:1
District
Pawtucket

Walkability

Blended score for Pawtucket's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

85
Highly walkable
out of 100
EPA National Walkability Index
15.0 / 20 -- Above average walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores11
Parks13
Schools14
Transit stops20
Pharmacies5

Market position

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

On the market 2 days -- 41 fewer days than Pawtucket's current average of 43 days.
For reference, the median list price across 355 active listings in Pawtucket right now is $439,500.

Mortgage calculator

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

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Est. monthly payment
$3,702/mo
$117,980 down
$471,920 loan
Principal & interest$3,061
Property tax (est.)$492
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 4 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.