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243 Transit Street

Woonsocket, RI 02895
  • $650,000
  • STATUS: Active
  • ON SITE: 38 Days
  • MLS #: 1384862
UPDATED: 42 min ago
$650,000
  • 8
    BEDS
  • 0.19
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 6,740
    SQFT
  • $96
    $/SQFT
Type:
Multi-Family
Built:
1922
County:
Area:

School Ratings & Info

Description

Seize this excellent investment opportunity in the heart of Woonsocket, RI! This freshly painted, well-maintained, fire coded, multi-family property generates a strong annual income of $71,040 with annual expenses of $53,190, offering a potential ROI of 10.98%. New roof! Laundry in building! Property also offers tenants ample off street parking with a detached 4 car garage! Ideal for both seasoned investors and first-time buyers looking to build equity while collecting consistent cash flow. Located in a stable rental market with strong tenant demand, this property is a smart addition to any portfolio. Key Highlights: Solid income-producing asset, Reliable tenant base, Favorable ROI, Convenient location with access to local amenities and major routes Don't miss out on this high-yield investment schedule your showing today! Can also be sold as a package MLS # 1384927

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[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Lavonne Lopes Group | Keller Williams Coastal are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lavonne Lopes Group | Keller Williams Coastal. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-06-21T15:37:43.26.
www.lavonnelopes.com/homes/163746790
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243 Transit Street Woonsocket, RI 02895

  • Price: $650,000
  • Status: Active
  • On Site: 38 Days
  • Updated: 42 min ago
  • MLS #: 1384862
8
Beds
4
Baths
0
½ Baths
0.19
Acres
6,740
SQFT
$96
$/SQFT
1922
Built
County:
Providence
Area:
Woonsocket
Property Description
Seize this excellent investment opportunity in the heart of Woonsocket, RI! This freshly painted, well-maintained, fire coded, multi-family property generates a strong annual income of $71,040 with annual expenses of $53,190, offering a potential ROI of 10.98%. New roof! Laundry in building! Property also offers tenants ample off street parking with a detached 4 car garage! Ideal for both seasoned investors and first-time buyers looking to build equity while collecting consistent cash flow. Located in a stable rental market with strong tenant demand, this property is a smart addition to any portfolio. Key Highlights: Solid income-producing asset, Reliable tenant base, Favorable ROI, Convenient location with access to local amenities and major routes Don't miss out on this high-yield investment schedule your showing today! Can also be sold as a package MLS # 1384927
Exterior Features

Construction Materials Plaster Other Covered Spaces 4 Exterior Features Balcony Deck Garage YN Yes Lot Features Corner Lot Other Structures Outbuilding Parking Features Detached Garage Parking Total 8 Patio And Porch Features Balcony Deck

Interior Features

Appliances Gas Water Heater Water Heater Basement Full Interior Entry Unfinished Basement YN Yes Cooling None Cooling YN No Fireplace YN No Fireplaces Total 0 Flooring Laminate Other Heating Oil Steam Space Heater Heating YN Yes Interior Features Stall Shower Tub Shower

Property Features

Attached Garage YN No Community Features Golf Highway Access Near Hospital Near Schools Public Transportation Recreation Area Restaurant Shopping Sidewalks Electric 150 Amp Service Human Modified YN Yes Land Lease YN No Laundry Features Common Area New Construction YN No Operating Expense 53190 Property Sub Type Multi Family Senior Community YN No Sewer Connected Public Sewer Structure Type Apartment Tax Annual Amount 8578 Tax Assessed Value 414500 Tax Lot 9 Tax Year 2025 Tenant Pays Hot Water Utilities Sewer Connected Water Source Connected Public Zoning R3

[Rhode Island Statewide MLS] logo Listing information © 2025 State-Wide Multiple Listing Service.
Listing provided courtesy of Bond Brokerage: .



[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Lavonne Lopes Group | Keller Williams Coastal are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lavonne Lopes Group | Keller Williams Coastal. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-06-21T15:37:43.26.
 
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The Lavonne Lopes Group | Keller Williams Coastal
501 Centerville Rd. Suite 201
Warwick RI, 02886