For Sale

Listed by The Modern Collective Group from Compass

Source: State Wide MLS of Rhode Island, Inc. #1419677

538 Wood Avenue, Woonsocket, RI, 02895

$699,900

10
3
8
3976 sq. ft.
5662 sq. ft.

MultiFam

•

1 day on the market

What's around 538 Wood Avenue

About this property

An outstanding opportunity to own a versatile three-family property in a highly accessible East Woonsocket location, just moments from the Massachusetts state line. Built around the turn of the 20th century, this well-maintained triplex offers approximately 4,000 square feet across three units, giving owners flexible living and rental configurations in one of Northern Rhode Island's most consistently active markets. The first floor unit features 4 beds with 1 bath and in unit washer dryer, while the second and third floor units feature 3 beds and 1 bath each. Parking is a standout feature with a detached 3-car garage plus ample off-street parking bringing the total to 9 parking spots, great for attracting and retaining quality tenants in this neighborhood. The property also offers separate utilities for efficient management and a spacious basement for additional storage. Whether you're pursuing owner-occupancy to offset your mortgage, purchasing your first investment property, or adding another income-producing asset to your portfolio, this property delivers strong rental demand and long-term value. Conveniently located near major commuter routes, shopping, restaurants, parks, and everyday essentials the accessibility renters value, and the continued demand owners benefit from.

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