242 4th Ave, Woonsocket, RI 02895
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$699,900
5 Unit
11 Beds
5 Baths
5202 SQFT
0.13 Acre

Property Description

Turnkey 5-unit investment gem! This fully occupied property features spacious units—four 2-bed/1-bath units and a massive 4-bed/2-bath unit—each with tenant-paid gas and electric. The 4th floor offers 4 additional rooms and common space, ideal for value-add income potential. Enjoy off-street parking for every unit, street parking, and a coin-op washer/dryer for added revenue. Recently painted exterior and refreshed common areas. Current rents are below market, offering solid upside. All tenants are month-to-month, except one. Don’t miss this rare opportunity to boost your portfolio with cash flow and growth potential!

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 11
  • Total Bedrooms: 11
  • Total Full Baths: 5
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Walk/Jog Trails
  • Basement Features: Full, Interior Access, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub & Shower, Storage, Walk-Up Attic
  • Common Appliances: Range, Refrigerator
  • Common Heating: Central Heat, Common, Extra Flue, Gas, Ground Source Heat Pump, Heat Pump, Hot Water Radiators, Humidifier, Steam
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 84420
  • Gross Expenses: 22530
  • Water/Sewer: 2562
  • INSC: 5049
  • Net Operating Income: 61890

Utilities

  • Electric Info: 100 Amps, Circuit Breakers, Individually Metered, Other (See Remarks), Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Individual Meter, On-Site, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Floors: 3

Construction

  • Year Built: 1930
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Stone/Concrete
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Vinyl, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73380937
  • Last Updated: 05/28/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/28/2025New$699,900MLSPIN
05/28/2025New$699,900$135MLSPIN

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Seller's Representative: DiSpirito Team, Engel & Volkers East Greenwich
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information 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 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 set forth herein.

MLS PIN data last updated at 2025-05-28 10:12:00

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