51 Wood Ave, Woonsocket, RI 02895
- Beds
- 16
- Baths
- 8
- Sqft
- 9,820
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Overview
An exceptional opportunity to acquire a professionally managed, multifamily investment consisting of two buildings on one lot a seven-unit apartment building and a detached single-family residence totaling eight units in one of Northern Rhode Island's most consistent cash-flow markets. The property offers a clear path to increased revenue through lease-up and rent optimization. Upon stabilization, the asset is projected to achieve approximately:$133,080 in Annual Gross Income. This offering presents a rare blend of in-place income and clear operational upside, making it well-suited for investors seeking both immediate yield and long-term value creation. The primary structure features six (6) two-bedroom, one-bath units and one (1) one-bedroom, one-bath unit, each approximately 800+ sf, offering efficient layouts and strong rental appeal. The secondary structure is a separate single-family residence comprising three (3) bedrooms and one (1) bathroom, totaling just under 1000 sf, providing additional income diversification within the asset. The property has been well maintained with continued capital investment, including: Updated roofing systems Improved driveway and parking areas Numerous mechanical upgrades throughout
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 16
- Number of bathrooms
- 8
- Square feet
- 9,820
- Lot size (acres)
- 0.20
- Year built
- 1910
Interior features
- Basement
- Yes, Partially finished
- Laundry
- Laundry Room
Utilities
- Heating
- Natural Gas
- Cooling
- None
Taxes
- Tax Annual Amount (2025)
- $17,333
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®#: 1409850 Last checked: …

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