51 Wood Avenue, Woonsocket, RI 02895

Woonsocket
Local realty services provided by:ERA Key Realty Services
51 Wood Avenue,Woonsocket, RI 02895
$1,185,000
Virtual Tour
  • 16 Beds
  • 8 Baths
  • 9,820 sq. ft.
  • Multi-family
  • Pending
Listed by: don martone
Office: bond brokerage
MLS#:1409850
Source:RI_STATEWIDE

Price summary

  • Price:$1,185,000
  • Price per sq. ft.:$120.67

About this home

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...

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Home facts

  • Year built:1910
  • Listing ID #:1409850
  • Added:159 day(s) ago
  • Updated:September 05, 2026 at 04:23 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:8
  • Full bathrooms:8
  • Rooms Total:33
  • Flooring:Carpet, Ceramic Tile, Hardwood, Laminate
  • Basement:Yes
  • Basement Description:Exterior Entry, Full, Interior Entry, Partially Finished
  • Living area:9,820 sq. ft.

Heating and cooling

  • Heating:Gas

Structure and exterior

  • Year built:1910
  • Building area:9,820 sq. ft.
  • Lot area:0.2 Acres
  • Construction Materials:Vinyl Siding
  • Exterior Features:Porch
  • Foundation Description:Combination

Utilities

  • Water:Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$1,185,000
  • Price per sq. ft.:$120.67
  • Tax amount:$17,333 (2025)

Features and amenities

  • Amenities:Electric Water Heater, Gas Water Heater, Thermal Windows

Parking

  • Total parking spaces:13
  • 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 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: September 5, 2026

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