242 4th Avenue, Woonsocket, RI 02895
Local realty services provided by:ERA Key Realty Services



Listed by:the dispirito team
Office:engel & volkers
MLS#:1385858
Source:RI_STATEWIDE
Price summary
- Price:$699,900
- Price per sq. ft.:$74.58
About this home
A jewel for your portfolio! This turnkey 5-unit building offers immediate cash flow with major upside potential. The spacious layout includes one oversized 4-bed, 2-bath unit and four 2-bed, 1-bath units each with separate tenant-paid gas and electric. The full 4th floor, currently vacant, includes 4 rooms and common space that a savvy investor may convert into additional rental income. Exterior and common areas have been freshly painted. Off-street parking for all units, ample street parking, and money-making coin-op laundry add to the appeal. Current rents are well below market value, providing strong growth potential. All tenants are month-to-month except one, offering flexibility for future rent adjustments or renovations. A rare opportunity to secure a high-performing asset with untapped value in today's market! This is a Commercial Property 5+ unit. (FHA, VA, RI HOUSING OR ANY OTHER OWNER OCCUPIED FINANCING DOES NOT QUALIFY- CONTACT YOUR LENDER ABOUT COMMERCIAL FINANCING)
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Home facts
- Year built:1930
- Listing Id #:1385858
- Added:72 day(s) ago
- Updated:July 22, 2025 at 07:16 AM
Rooms and interior
- Bedrooms:12
- Total bathrooms:6
- Full bathrooms:6
- Living area:9,384 sq. ft.
Heating and cooling
- Heating:Gas, Hot Water, Steam
Structure and exterior
- Year built:1930
- Building area:9,384 sq. ft.
- Lot area:0.13 Acres
Utilities
- Water:Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$699,900
- Price per sq. ft.:$74.58
- Tax amount:$6,152 (2024)
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