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Caitlin Pannone

Engel & Völkers

caitlin.pannone@engelvoelkers.com +1(401) 258-3331

$ 725,000

Est. payment -/mo

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145 Burnside AVE Woonsocket, RI 02895

5,227 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1417296

HOA Y/N No

Year Built 1914

Annual Tax Amount $5,130

Tax Year 2025

Lot Size 5,227 Sqft

Property Sub-Type Commercial

Property Description

5-UNIT MULTI-FAMILY INVESTMENT OPPORTUNITY - STRONG CASH FLOW + VALUE-ADD UPSIDE!!! INVESTOR ALERT: 5 Unit value add opportunity with immediate cash flow and a clear path to double-digit returns. This well-maintained multifamily generates $87,900 in current gross income (9.2% cap rate) with separate utilities, off-street parking, and a detached 2-car garage. Four of five units are fully updated and rent-ready; one unit is below market and needs updated heating system plus light cosmetic work, representing straightforward renovation play. Bringing all units to market rent pushes gross income to roughly $103,200/year and the cap rate to approximately 11.3% - a build in value add story rare at this price point. Conveniently located near major highways, shopping and public transportation. Property is being sold as-is; porches require repair, offering an additional opportunity to force appreciation. An ideal acquisition for 1031 exchange buyers or investors seeking a stabilized asset with organic upside already identified. Investor Group Tour - Wednesday, July 1, 5:00pm-6:30pm.

Location

State RI

County Providence

Interior

Inclusions Neither seller nor agent, make any representations as to the accuracy of any information contained herein. Buyer (s)/buyer(s) agent must conduct their own due diligence, verification, and research are relying solely on the same. Please measure. Dual listed as multi-family MLS#1416359

Exterior

Utilities Available Sewer Connected

Total Parking Spaces 6

Building

Story 3

Sewer Connected

Water Connected

Level or Stories 3

New Construction No

Others

Tax ID 145BURNSIDEAVWOON

Virtual Tour https://tour.RiLiving.com/145-Burnside-Avenue-Woonsocket-RI-02895--1417296

Listed by eXp Realty

Caitlin Pannone

Advisor

+1(401) 258-3331

Caitlin Pannone

145 Burnside AVE Woonsocket, RI 02895

Key Details

Location

Interior

Exterior

Building

Others

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145 Burnside AVE