SoldAug 29, 2025

Listed by The DiSpirito Team from Engel & Volkers

Bought with Camila Oliveira

Source: State Wide MLS of Rhode Island, Inc. #1385858

242 4th Ave, Woonsocket, RI, 02895

$730,000

12
6
5
9384 sq. ft.
5663 sq. ft.

MultiFam

8 days on the market

Sold: Aug 29, 2025

What's around 242 4th Ave

About this property

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)

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