214 Burnside AVE, Woonsocket, RI 02895
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214 Burnside AVE, Woonsocket, RI 02895
214 Burnside AVE, Woonsocket, RI 02895
214 Burnside AVE, Woonsocket, RI 02895
214 Burnside AVE, Woonsocket, RI 02895
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Caitlin Pannone

Caitlin Pannone

Engel & Völkers

+1(401) 258-3331
$ 995,000
Est. payment /mo
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214 Burnside AVE Woonsocket, RI 02895

6,856 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 6,856 sqft

Price per Sqft $145

MLS Listing ID 1424574

Style Stacked,Side By Side

HOA Y/N No

Abv Grd Liv Area 6,856

Year Built 1900

Annual Tax Amount $10,939

Tax Year 2025

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Commercial

Property Description

$133,800 in annual scheduled rental income. 212 214 Burnside offers investors a high-income-producing six-unit multifamily opportunity generating $11,150 per month. The income profile stands out against current six-unit Woonsocket alternatives. The property features all newly rent-readied, fire coded, lead safety compliant units, offering a turnkey opportunity with the heavy lifting already completed. Additional highlights include on-demand hot water system, gas heating, ample off-street parking, new asphalt and on-site coin-operated laundry, providing tenant convenience and additional income potential. Offered at $995,000, the property equates to approximately $165,833 per unit and a 7.44x gross rent multiplier. With strong existing rents, improved units, parking, and on-site laundry, 212 214 Burnside presents a compelling opportunity for investors seeking immediate cash flow and a stabilized multifamily asset in Woonsocket. *Tenant is responsible for Electric, Gas, and Other Personal Utilities (Water and Sewer Included)

Location

State RI

County Providence

Zoning R4

Rooms

Basement Full

Interior

Heating Baseboard, Forced Air

Cooling None

Laundry Common Area

Exterior

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

Utilities Available Sewer Connected

Total Parking Spaces 6

Building

Foundation Brick/Mortar, Combination, Concrete Perimeter

Sewer Connected, Public Sewer

Water Connected, Public

Architectural Style Stacked, Side By Side

New Construction No

Others

Tax ID 214BURNSIDEAVWOON

Security Features Carbon Monoxide Detector(s),Fire Alarm,Smoke Detector(s)

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Caitlin Pannone

Caitlin Pannone

Advisor

+1(401) 258-3331

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214 Burnside AVE