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Pawtucket 02861
38 Madison Street
Photo of 38 Madison Street
Sold on Feb 9, 2026

42

Map

Photo of 38 Madison Street
Photo of 38 Madison Street
$380,000
● House - Off Market

38 Madison Street

Pawtucket, RI 02861
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,210 Ft²
$2,162
Est. Monthly

About This Property

Older Colonial-style home situated on a cozy corner lot in the Darlington neighborhood. This beautifully renovated property features a brand-new kitchen with updated cabinetry, quartz countertops, tile backsplash, stainless steel appliances, and durable vinyl plank flooring throughout the first floor. The open living and dining area creates a welcoming space for everyday living and entertaining, complemented by a convenient first-floor bedroom and half bath. Upstairs offers a generous full bath, two additional bedrooms, and a versatile family room or office area. Abundant closet space provides plenty of storage. The clean basement includes a bulkhead, newer heating system, and gas hot water heater. Ideally located close to the train station and major highways for easy commuting.
Unit Size
1,210 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$314
Property Type
House
Property Taxes
$296
HOA Dues
-
Year Built
1925

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 10 months ago (MLSPIN #73467720)

Price History

Date / Event Date Event Price
Feb 9, 2026 Sold
Premium
Sold
Jan 16, 2026 In contract -
In contract
Jan 12, 2026 Listed by Blu Sky Real Estate $379,900
Listed by Blu Sky Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Total Building Area: 1,210
  • Gross Building Area: 2,016
  • Building Area: 1,210
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,210
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pawtucket School District
  • School Tax School District: PAWTUCKET SD
  • Census Tract: 015700

Zoning

  • Zoning: RT

Geography

  • Account Number: 30120
  • Parcel: PAWT M:03 L:0120
  • Lot: 120
  • Municipality: PAWTUCKET
  • Latitude: 41.8935
  • Longitude: -71.3516

    Address

  • Full Address: 38 Madison St
  • Address - House Number: 38
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: RI
  • City Name: Pawtucket
  • Carrier Code: C050
  • 4-Digit Zip Code: 1316
  • Zip Code: 02861

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $348,100

    Appraisal Valuation

  • Standard Deviation: 0.1678
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 78
  • Final Value: 336,873
  • High Value: 393,425
  • Low Value: 280,321

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $205,500
  • Assessed Land Value: $82,400
  • Assessed Improvements Value: $123,100
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Pawtucket

Stats & Trends

Median Asking:

$469,900

Sale Price/ft²

$278

Below Asking

0.01%

Average Days on Market

66

Average Home Size

2698 ft²

Average Home Age

86 years

Currently For Sale

11 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 10 months ago
Data Source: MLS PIN, MLS# 73467720

Frequently Asked Questions

When was property at 38 Madison Street built and last sold?
The property at 38 Madison Street was built in 1925 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 38 Madison Street is $0.
What are some comparable homes to 38 Madison Street?
There are currently no comparable homes to 38 Madison Street.
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