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$1,185,000

For Sale

9 hours ago

51 Wood Ave, Woonsocket, RI

House

MLS® 1409850

16 Bed

8 Bath

9820 sqft

13 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 9820 sqft
Garage 
Taxes $9,139
Days Active 0
Lot Size 
Approx. Age 1910
Avg. Price Per Sqft $120
MLS® Number 1409850

Property Address: 51 Wood Ave, Woonsocket, RI, 02895-3598

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

Description

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 sf, providing additional income diversification within the asset. The property has been well maintained with continued capital investment, including: Updated roofing systems Improved driveway and parking areas Numerous mechanical upgrades throughout
MLS® Number1409850
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1910
BasementExterior Entry, Full, Interior Entry, Partially Finished
DrivewayNo Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 13, 2026List Date
$1,185,000List Price
  • Commute

Commute

Starting Address
Destination Address
51 Wood Ave, Woonsocket, RI

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