51 Wood Ave, Woonsocket, RI 02895
51 Wood Ave, Woonsocket, RI 02895
51 Wood Ave, Woonsocket, RI 02895
51 Wood Ave, Woonsocket, RI 02895
51 Wood Ave, Woonsocket, RI 02895
51 Wood Ave, Woonsocket, RI 02895
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Debi Savard

Debi Savard

+1(508) 277-6616
$ 1,185,000
Est. payment | /mo

6,300 SqFt

Save
$ 1,185,000
Est. payment | /mo
Save

6,300 SqFt

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,300 sqft

Price per Sqft $188

MLS Listing ID 73508838

Year Built 1910

Annual Tax Amount $17,333

Tax Year 2025

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type 5-9 Family

Property Description

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.

Location

State RI

County Providence

Zoning R4

Direction Take I-295 N to RI-146 N, exit for Woonsocket, follow to Wood Ave/51 Wood Ave.

Rooms

Basement Full, Interior Entry, Concrete, Unfinished

Exterior

Community Features Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks

Roof Type Asphalt/Composition Shingles

Total Parking Spaces 13

Garage No

Building

Lot Description Level, Sloped

Story 5

Foundation Concrete Perimeter, Stone, Irregular

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by BOND BROKERAGE

Schools and Properties Nearby

Debi Savard

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(508) 277-6616

mysouthcoasthome@gmail.com

Learn More About LPT Realty

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51 Wood Ave