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Listed price in listed location currency (USD).
$730,000
$699,900

1265

MLS® 1385858

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $6,152
Lot Size 0.13 acres
Approx. Age 1930
MLS® Number 1385858

Property Address: 242 4th Ave, Woonsocket, RI, 02895-4096

Average square foot calculated using Size range provided by listing agent.

Description

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)
MLS® Number1385858
Laundry LevelCommon Area
Central VacNo
FireplaceNo
Acreage0.13
Exterior
GarageNo
Approx. Age1930
BasementFull, Interior Entry, Unfinished
DrivewayNo Garage
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

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Price History

Jun 5, 2025End Date
$730,000Sold Price

Sold

May 28, 2025List Date
$699,900List Price
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Starting Address
Destination Address
242 4 Th Ave, Woonsocket, RI

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