242 4th Avenue, Woonsocket, RI 02895

Local realty services provided by:ERA Key Realty Services
242 4th Avenue,Woonsocket, RI 02895
$699,900
  • 12 Beds
  • 6 Baths
  • 9,384 sq. ft.
  • Multi-family
  • Pending
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)
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 2025 State-Wide MLS, Inc. All rights reserved. Date Last Update: July 22, 2025