$1,185,000

Multi Family In Woonsocket

  • 16 Beds
  • 8 Baths
  • 9,820 Sqft
  • 8,712 Sqft lot
  • Updated: April 13
  • 3
    Views for last 30 days
  • 1
  • Source:
    StateWide MLS  MLS#1409850

About the Property

An exceptional opportunity to acquire a professionally managed, multifamily investment consisting of two buildings on one lot a seven-unit apartment building and a detached single-family residence totaling eight units in one of Northern Rhode Island’s most consistent cash-flow markets. The property offers a clear path to increased revenue through lease-up and rent optimization. Upon stabilization,
An exceptional opportunity to acquire a professionally managed, multifamily investment consisting of two buildings on one lot a seven-unit apartment building and a detached single-family residence totaling eight units in one of Northern Rhode Island’s most consistent cash-flow markets. The property offers a clear path to increased revenue through lease-up and rent optimization. Upon stabilization, the asset is projected to achieve approximately:$133,080 in Annual Gross Income. This offering presents a rare blend of in-place income and clear operational upside, making it well-suited for investors seeking both immediate yield and long-term value creation. The primary structure features six (6) two-bedroom, one-bath units and one (1) one-bedroom, one-bath unit, each approximately 800+ sf, offering efficient layouts and strong rental appeal. The secondary structure is a separate single-family residence comprising three (3) bedrooms and one (1) bathroom, totaling just under 1000 sf, providing additional income diversification within the asset. The property has been well maintained with continued capital investment, including: Updated roofing systems Improved driveway and parking areas Numerous mechanical upgrades throughout
  • Property type

    Apartment

  • Floors

    2

  • Year built

    1910

  • Price/sqft

    $120

Features

Explore the Area

51 Wood Avenue, Woonsocket, Rhode Island, United States View on Google Maps
Price per sqft
Low
High

View 32 more listings in Woonsocket

Bond Brokerage - Cranston

Joined 8 months ago
Your message
You have inquired about this property

The agent will contact you soon by

Listed by

Bond Brokerage - Cranston
Rhode Island, United States
View agency profile
3
Listings
2025
Joined

Book home tour with the agent

Choose a date and whether you'd like a virtual or in-person tour with the agent.

In-person tour
Preferred date
Tour type
Bond Brokerage - Cranston
Cranston, Rhode Island, United States
View agency profile
Last updated
April 13
First listed
Apr 13
Listing reference
1409850
Listing status
Call

Start phone call with:

Hello, I’m calling for the property with the reference 1409850, which I discovered on JamesEdition.

After the call, we'll provide your contacts to the agent for easy communication.

brokerages we
partnered with