0 River & Transit St, Woonsocket, RI 02895
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$1,275,000
8 Unit
12 Beds
8 Baths
5716 SQFT
0.30 Acre

Property Description

Two Properties, Eight Units! Property 1: 372 River St (RI MLS 1393018) An excellent investment opportunity near the Blackstone River area of Woonsocket, RI! This well-maintained, fire coded, large, multi-family property generates a strong annual income of $69,600 with annual expenses of $52,196, offering a potential ROI of 10.71%. New roof! New gas, IBC Technologies on demand hot water system! Property also offers tenants ample off street parking with a large lot in rear of building. Key Highlights: Solid income-producing asset, Reliable tenant base, Favorable ROI, low maintenance exterior with access to local amenities and major routes. High-yield investment. Property 2: 243 Transit St (RI MLS 1393027) This freshly painted, fire coded, renovated stairwell, multi-family property located in the heart of Woonsocket, generates annual income of $71,040 with annual expenses of $53,190, offering a potential ROI of 10.98%. New roof! Laundry in building! Detached 4 car garage!

Property Details tap to expand

Building Information

  • Total Units: 8
  • Total Floors: 2
  • Total Bedrooms: 12
  • Total Full Baths: 8
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Other (See Remarks), Park, Public School, Public Transportation, Shopping

Financial

  • APOD Available: Yes
  • Gross Operating Income: 140640
  • Gross Expenses: 112387
  • Net Operating Income: 140640

Utilities

  • Heat Zones: 8
  • Electric Info: 150 Amps
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 4 Family
  • Construction Type: Aluminum, Frame, Other (See Remarks)
  • Foundation Info: Brick, Fieldstone, Other (See Remarks), Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73430058
  • Last Updated: 09/13/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/12/2025New$1,275,000$223MLSPIN

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Seller's Representative: Donald Martone, BOND BROKERAGE
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-09-13 03:30:00