Under Agreement
51 Wood Ave, Woonsocket, MA
Woonsocket · MA 02895
- $1,185,000
- Price
- 0
- Beds
- 0
- Baths
- 6300
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1910
Units:
8 Units
Lot size:
8,712 Sq.Ft Lot
Price per square foot:
$188 / Sq.Ft
Parking:
13 Off Street Spaces
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.
Neighborhood & Transit
51 Wood Ave, Woonsocket · MA 02895
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 189 days
- Listing Price:
- $1,185,000
- Price per Sq.Ft:
- $188
- Tax Assessment:
- $813,800 in 2025
- Taxes:
- $1,444 / Monthly
Home Facts
Interior Features
- Bedrooms
- 0
- Full Bathrooms
- 0
- Half Bathrooms
- 0
- Living Area
- 6,300 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 6300
- Flooring
- Unknown
- Lead paint
- None, Certified Treated
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Circuit Breakers, 150 Amps, Individually Metered
Exterior Features
- Lot Size
- 8,712 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 13 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Donald Martone
- Listing office
- BOND BROKERAGE
- MLS PIN #
- 73508838
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