241 Pocasset Avenue, Providence, RI 02919

Providence
Local realty services provided by:ERA Empire Real Estate
241 Pocasset Avenue,Providence, RI 02919
$1,500,000
Virtual Tour
  • 11 Beds
  • 8 Baths
  • 5,535 sq. ft.
  • Multi-family
  • Active
Listed by: madelynn duarte
Office: innovations realty
MLS#:1409780
Source:RI_STATEWIDE

Price summary

  • Price:$1,500,000
  • Price per sq. ft.:$271

About this home

Turnkey, high-yield 8-unit new construction investment ready for immediate cash flow. Nearing completion and already in the process of securing tenants, this asset eliminates lease-up risk and positions the next owner for instant income. Featuring a desirable mix of 1-bedroom and 2-bedroom units, the property caters to strong rental demand. A valuable 5-year tax stabilization agreement is in place, with taxes starting at just 20% in Year 1 and 40% in Year 2 dramatically boosting early returns and investor ROI. Priced at $1,750,000, this is an exceptional opportunity for a savvy investor to acquire a low-maintenance, income-producing asset with significant financial advantages and long-term appreciation potential.

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Home facts

  • Year built:2024
  • Listing ID #:1409780
  • Added:209 day(s) ago
  • Updated:November 06, 2026 at 03:34 PM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:8
  • Full bathrooms:8
  • Rooms Total:16
  • Flooring:Vinyl
  • Basement:Yes
  • Basement Description:Finished, Full, Interior Entry
  • Living area:5,535 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Gas
  • Central air:Yes

Structure and exterior

  • Year built:2024
  • Building area:5,535 sq. ft.
  • Lot area:0.06 Acres
  • Construction Materials:Vinyl Siding

Utilities

  • Water:Connected, Public
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$1,500,000
  • Price per sq. ft.:$271

Features and amenities

  • Amenities:Gas Water Heater

Parking

  • Parking description:No Garage
MLS LogoThe data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than ERA Empire Real Estate are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 State-Wide MLS, Inc. All rights reserved. Date Last Update: November 6, 2026

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