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Roults Jean-Francois

jeanfrancoisgroupmgt@gmail.com +1(401) 316-9458

$ 1,185,000

Est. payment -/mo

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51 Wood AVE Woonsocket, RI 02895

16 Beds

8 Baths

9,820 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,820 sqft

Price per Sqft $120

MLS Listing ID 1409850

Style Stacked,Side By Side

Bedrooms 16

Full Baths 8

HOA Y/N No

Abv Grd Liv Area 9,820

Year Built 1910

Annual Tax Amount $9,139

Tax Year 2025

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Multi Family

Property Description

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

State RI

County Providence

Zoning R4

Rooms

Basement Exterior Entry, Full, Interior Entry, Partially Finished

Interior

Heating Gas

Cooling None

Flooring Carpet, Ceramic Tile, Hardwood, Laminate, Other

Inclusions 51 Wood Avenue Woonsocket, RI 02895 - This property is under a RUBS system, the tenants pay for all utilities (gas, electric, water, sewer, and trash). Property Management Company receives the bills and charges the residents using an allocation formula. The addendums are included in each lease.

Fireplace No

Window Features Thermal Windows

Appliance Electric Water Heater, Gas Water Heater

Exterior

Exterior Feature Porch

Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping

Utilities Available Sewer Connected

Porch Porch

Total Parking Spaces 13

Garage No

Building

Foundation Combination

Sewer Connected

Water Connected

Architectural Style Stacked, Side By Side

Additional Building Guest House

Structure Type Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 51WOODAVWOON

Virtual Tour https://tour.RiLiving.com/51-Wood-Avenue-Woonsocket-RI-02895

Listed by Bond Brokerage

NEARBY SCHOOLS & PROPERTIES

Roults Jean-Francois

Agent | res.res.0042995

+1(401) 316-9458

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