242 4th Avenue, Woonsocket, RI 02895
- Beds
- 12
- Baths
- 6
- Sqft
- 9,384
View property features, location on map, relevant school information and overview from seller's agent.
- 3
- 0
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)
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 3
- Number of bedrooms
- 12
- Number of bathrooms
- 6
- Square feet
- 9,384
- Lot size (acres)
- 0.13
- Year built
- 1930
Interior features
- Basement
- Yes, Unfinished
Utilities
- Heating
- Natural gas, Hot water, Steam
- Cooling
- None
Taxes
- Tax Annual Amount (2024)
- $6,152
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: StateWide MLS MLS®#: 1385858 Last checked: …

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