145 Burnside Avenue, Woonsocket, RI 02895

Woonsocket
Local realty services provided by:ERA Key Realty Services
145 Burnside Avenue,Woonsocket, RI 02895
$725,000
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  • 9 Beds
  • 4 Baths
  • 4,365 sq. ft.
  • Multi-family
  • Pending
Listed by: kimberly rodrigues
Office: exp realty
MLS#:1416359
Source:RI_STATEWIDE

Price summary

  • Price:$725,000
  • Price per sq. ft.:$166.09

About this home

5-UNIT MULTI-FAMILY INVESTMENT OPPORTUNITY - STRONG CASH FLOW + VALUE-ADD UPSIDE!!! INVESTOR ALERT: 5 Unit value add opportunity with immediate cash flow and a clear path to double-digit returns. This well-maintained multifamily generates $87,900 in current gross income (9.2% cap rate) with separate utilities, off-street parking, and a detached 2-car garage. Four of five units are fully updated and rent-ready; one unit is below market and needs updated heating system plus light cosmetic work, representing straightforward renovation play. Bringing all units to market rent pushes gross income to roughly $103,200/year and the cap rate to approximately 11.3% - a build in value add story rare at this price point. Conveniently located near major highways, shopping and public transportation. Property is being sold as-is; porches require repair, offering an additional opportunity to force appreciation. An ideal acquisition for 1031 exchange buyers or investors seeking a stabilized asset with...

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Home facts

  • Year built:1914
  • Listing ID #:1416359
  • Added:44 day(s) ago
  • Updated:August 08, 2026 at 09:30 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:19
  • Flooring:Ceramic Tile, Hardwood, Laminate
  • Basement:Yes
  • Basement Description:Full, Interior Entry, Unfinished
  • Living area:4,365 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Year built:1914
  • Building area:4,365 sq. ft.
  • Lot area:0.12 Acres
  • Construction Materials:Vinyl Siding
  • Exterior Features:Paved Driveway

Utilities

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

Finances and disclosures

  • Price:$725,000
  • Price per sq. ft.:$166.09
  • Tax amount:$5,130 (2025)

Features and amenities

  • Laundry features:Common Area
  • Amenities:Water Heater

Parking

  • Total parking spaces:6
  • Parking description:Detached, Garage, Paved Driveway
  • Garage:Yes
  • Garage spaces:2
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 Key Realty Services 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: August 8, 2026

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