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Back 242 4th Ave
Off Market

242 4th Ave

Woonsocket RI 02895

12
6
5
9384 sq. ft.
5663 sq. ft.
Multi-Family
Last sold for $730,000
The DiSpirito TeamThe DiSpirito Team, last sold this property on 29 August 2025 after 92 days on market.

Overview

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)

Features

12 bedrooms
6 bathrooms
5 carspaces
9384 sq. ft. floor area
5663 sq. ft. lot size
Multi-Family

Estimated Value

We need at least 3 similar 12 bedroom multi families sold in Woonsocket over the last 12 months.

Property history for 242 4th Ave

2025
Sold
$730,000
29 Aug 2025 by The DiSpirito Team, of Engel & Volkers
2022
Sold
Undisclosed
28 Jul 2022
2020
Sold
$320,000
03 Jun 2020

Happy sellers in Woonsocket

87%
87% of sellers in Woonsocket reported that their sale price either exceeded or met their price expectations.

Woonsocket stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Woonsocket over the last 12 months.

Local market activity for 12 bedroom multi families in Woonsocket

In the last 12 months, 2 numeral.12-bedroom multi families similar to 242 4th Ave, have been sold.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Woonsocket

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Stacy Corrigan

Sellers who recommend Stacy Corrigan have praised them for being local expert

  •   5   (10 reviews)
  •  2 Reviews in Woonsocket
  •  6 Sales in Woonsocket
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Suzanne Gelven

Sellers who recommend Suzanne Gelven have praised them for being responsive, local expert, clear communication, patient, supportive, well-prepared, and friendly

  •   5   (121 reviews)
  •  1 Review in Woonsocket
  •  1 Sale in Woonsocket
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Mariana Novo

Mariana Novo is a recommended agent for Woonsocket.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (1 review)
  •  1 Review in Woonsocket
  •  1 Sale in Woonsocket
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Donna Fagnant

Donna Fagnant is a recommended agent for Woonsocket.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (1 review)
  •  1 Review in Woonsocket
  •  1 Sale in Woonsocket
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