182 Cottage Street

182 Cottage Street, Pawtucket, RI is an established recovery housing property located in Pawtucket, Rhode Island. The property is positioned as a behavioral healthcare real estate asset, supporting structured sober living for individuals in recovery from substance use disorder.

Like the prior listing, this opportunity is best presented as a stabilized recovery housing investment rather than a speculative conversion. The property has an established residential recovery housing use and is intended for buyers seeking long-term income, mission alignment, and exposure to a durable housing need.

Lease and Income Structure

The property is supported by an annual lease payment of $99,000. This lease income provides the foundation for the property’s investment profile and allows buyers to evaluate the asset primarily through its real estate income stream.

Assuming a similar long-term lease structure to the prior listing, the property may appeal to buyers seeking a passive or low-maintenance income-producing asset where the recovery housing operator is responsible for day-to-day resident operations. Buyers should review the lease terms carefully, including tenant responsibilities, maintenance obligations, insurance requirements, tax treatment, renewal options, and any rent escalation provisions.

Recovery Housing Use

The property is used as recovery housing, a congregate residential model that provides a structured, substance-free living environment for individuals in recovery. Recovery homes typically support residents through accountability, peer community, house rules, live-in leadership, and connection to outside recovery resources.

For a buyer, the value of this type of property is tied not only to the physical real estate, but also to the established use, tenant/operator strength, lease structure, and long-term demand for recovery-oriented housing.

Investment Opportunity

This offering is best positioned as a stabilized recovery housing investment with predictable annual lease income. Unlike a vacant residential property or an unproven conversion, 182 Cottage Street already has a defined recovery housing use and an income structure that can be evaluated by investors.

The annual lease payment of $99,000 may support a compelling investment profile depending on the final asking price, lease structure, owner expenses, property condition, and applicable capitalization rate. For buyers familiar with recovery housing real estate, the asset may offer a combination of income production, social impact, and long-term housing demand.

Location and Market Context

Pawtucket is a well-established Rhode Island city with access to employment centers, transportation, healthcare providers, community services, and regional recovery resources. The property’s location supports its continued use as recovery housing by placing residents near the practical infrastructure that can help support stability, work, recovery engagement, and reintegration.

As part of the broader Providence metro area, Pawtucket may be attractive to recovery housing operators and investors seeking assets in a dense, service-connected market.

Key Property Details

• Address: 182 Cottage Street, Pawtucket, RI
• Current Use: Recovery housing
• Annual Lease Payment: $99,000
• Capitalization Rate: 9.00%
• Imputed Value: $1,100,000
• Lease Profile: Long-term recovery housing lease structure, to be confirmed
• Tenant/Operator Role: Operator responsible for day-to-day recovery housing operations, to be confirmed
• Market: Pawtucket, Rhode Island
• Investment Profile: Stabilized recovery housing investment opportunity
• Buyer Profile: Passive investor, mission-driven buyer, behavioral healthcare real estate

Buyer Fit

This property may be well suited for a passive real estate investor, mission-driven purchaser, behavioral healthcare real estate investor, 1031 exchange buyer, or nonprofit-aligned buyer seeking a recovery housing asset with an established income stream.

The opportunity is especially relevant for buyers who want exposure to recovery housing real estate without directly operating the home. With annual lease payments of $99,000 and an existing recovery housing use, the property offers a combination of income potential, social impact, and long-term relevance in a market with continuing need for structured sober living environments.

A buyer should conduct careful diligence on the lease, tenant performance, certification status, zoning and fair housing considerations, physical condition, life safety systems, insurance requirements, tax treatment, and long-term maintenance obligations.