51 Wood Ave, Woonsocket, RI 02895

Woonsocket
Local realty services provided by:ERA The Castelo Group
51 Wood Ave,Woonsocket, RI 02895
$1,185,000
  • - Beds
  • - Baths
  • 6,300 sq. ft.
  • Multi-family
  • Active
Listed by: donald martone, donald martone
Office: bond brokerage
MLS#:73508838
Source:MLSPIN

Price summary

  • Price:$1,185,000
  • Price per sq. ft.:$188.1

About this home

Exceptional opportunity to acquire a professionally managed 8-unit multifamily compound featuring two buildings on one lot: a 7-unit apartment building plus a detached single-family residence. Located in a strong Northern Rhode Island rental market, this asset offers immediate in-place cash flow with clear upside through lease-up and rent optimization. Stabilized gross annual income is projected at approximately $133,080. The main building includes six 2-bed/1-bath units and one 1-bed/1-bath unit, each offering efficient, rental-friendly layouts. The detached single-family home features 3 bedrooms and 1 bath, adding valuable income diversification. Significant capital improvements include updated roofs, improved parking and driveways, and numerous mechanical upgrades, making this a compelling value-add investment with strong long-term appreciation potential.

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Home facts

  • Year built:1910
  • Listing ID #:73508838
  • Updated:May 02, 2026 at 01:24 PM

Rooms and interior

  • Rooms Total:33
  • Basement Description:Concrete, Full, Interior Entry, Unfinished
  • Living area:6,300 sq. ft.

Structure and exterior

  • Roof:Asphalt/Composition Shingles
  • Year built:1910
  • Building area:6,300 sq. ft.
  • Lot area:0.2 Acres
  • Lot Features:Level, Sloped
  • Construction Materials:Frame
  • Exterior Features:Enclosed, Porch
  • Foundation Description:Concrete Perimeter, Irregular, Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,185,000
  • Price per sq. ft.:$188.1
  • Tax amount:$17,333 (2025)

Parking

  • Total parking spaces:13
  • Parking description:Common, Off Street, Paved, Paved Drive, Tandem
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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