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$850,000
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Property Description
47 Montgomery presents a high-income generating investment opportunity: it generates $9,992 per month ($120K annually), making it the most lucrative cash flowing deal currently available in Rhode Island. This seven-unit property features a mix of units including two 2-bed/1-bath, four 1-bed/1-bath, and a studio unit. Tenants cover their own electric and heating costs. Owner pays for hot water. The current owner has invested $75k in recent renovations, upgrading kitchens, bathrooms, flooring, and appliances across multiple units. Additionally, all electrical wiring has been replaced, and common area hallways have been refreshed. 47 Montgomery is fully turnkey, offering immediate cash flow and significant potential for further value enhancement. Detailed financials are available upon request.
Full Property Details
Full Property Details for 47 Montgomery St
General
- Sold For: $850,000
- Taxes: $7,969 (2024)
- Status: Closed
- Type: Commercial Residential Facility
- Source: STWMLS
- MLS ID: 1386551
- Added to Site: 259 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Parking
- Total Spaces: 3
Location
- County: Providence
- Near Highway: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard
Utilities
- Sewer: Connected, Public Sewer
- Water: Connected, Public
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 1
- Structure Type: Apartment, Multi Family
- Detached/Attached: Detached
- Construction: Frame
- Basement: Yes
- Basement Desc.: Full
- Stories/Levels: 3
- Building Size: 4600
- Finished Total: 4,600 Sq. Ft.
- Finished Above Grnd: 4,600 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.0808
- Lot Size (Sq. Ft.): 3,520
- Lot Size: 3520
- Sidewalks: Yes
- Potential Use: Multi-Family, Residential
Financial Considerations
- Operating Expenses: $28,282
- Tax Amount: $7,969
- Tax Year: 2024
- Owner Pays: Hot Water, Insurance, Repairs, Sewer, Taxes, Trash Collection, Water
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Inclusions: No warranty or representation, expressed or implied, is made by the Owner or Broker or any related entity as to the accuracy or completeness of the information contained herein, including but not limited to financial information or projections or any information related to the physical buildings or land. Prospective purchasers should make their own investigations, projections, and conclusions. It is expected that prospective purchasers will conduct their own independent due diligence concerning
- Property ID: 47MONTGOMERYSTPAWT
- Lot Number: 185
Listed and Sold by New England Apartment Group
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Schools
Schools serving 47 Montgomery St
School District:Pawtucket School District
| Name | Grades | Distance |
|---|---|---|
Cunningham School, Pawtucket, RI 40 Baldwin Street, Pawtucket, RI 02860 | K-5 | 0.9 mi |
Samuel Slater Junior High School 281 Mineral Spring Avenue, Pawtucket, RI 02860 | 6-8 | 0.9 mi |
Shea High School 485 East Avenue, Pawtucket, RI 02860 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 47 Montgomery St
Date
Details
Price
Change
Source
9/08/2025
Sold
$850,000
-5.56%
MLS
6/02/2025
Listed
$899,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
47 Montgomery Street, Pawtucket, RI 02860 (MLS# 1386551) is a Commercial Residential Facility property that was sold at $850,000 on September 08, 2025. Want to learn more about 47 Montgomery Street? Do you have questions about finding other Commercial Residential Facility real estate for sale in Pawtucket? You can browse all Pawtucket real estate or contact a Coldwell Banker agent to request more information.

