INNOVATE Real Estate
Multi Family at 5 Nickerson Street, Pawtucket
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$675,000

5 Nickerson Street
Pawtucket, RI 02860
Listed by Raisa Gonzalez
Bedrooms
14
Bathrooms
5
Living area
N/A
Year built
1880

About this home

Rare Multi-Building Investment Opportunity Offering Two Properties on One Lot Opportunities like this are hard to find. Situated on a single lot, this unique offering includes an expansive 8-bedroom single-family home with grandfathered rooming-house status and a separate 2 Family Multi- featuring two 3-bedroom, 1-bath units. Whether you're an investor seeking strong income potential, a developer looking for your next project, or a buyer with a vision for value creation, this property offers exceptional possibilities. The flexible layout and multiple dwelling units provide numerous options for rental income and future use, subject to buyer due diligence. Conveniently located near shopping centers, public transportation, the new train station, and major highways, the property offers excellent accessibility for residents and commuters alike. Property being sold strictly as-is. Proof of funds required prior to all showings. Don't miss this rare opportunity to add a high-potential asset to your portfolio

Property details

MLS
Rhode Island Association of REALTORS
MLS #
1416380
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
97
On market date
July 12, 2026
Stories
3
Total bathrooms
5
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.0886 acres

Location

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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.

Elementary
Veterans Memorial Elementary
0.59 mi away · Grades 0-4
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
366
Student:teacher ratio
11.8:1
District
Central Falls
Middle
Calcutt Middle School
0.52 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
Central Falls Sr High
0.31 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
804
Student:teacher ratio
17.1:1
District
Central Falls

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).

98
Highly walkable
out of 100
EPA National Walkability Index
19.2 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies5

Market position

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

On the market 97 days -- 51 more days than Pawtucket's current average of 46 days.
For reference, the median list price across 408 active listings in Pawtucket right now is $439,700.

Mortgage calculator

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

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%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$4,215/mo
$135,000 down
$540,000 loan
Principal & interest$3,502
Property tax (est.)$563
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.