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Listed price in listed location currency (USD).
$1,750,000

1180

MLS® 1409780

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 5535 sqft
Garage 
Taxes 
Days Active 5
Lot Size 
Approx. Age 2024
Avg. Price Per Sqft $316
MLS® Number 1409780

Property Address: 241 Pocasset Ave, Providence, RI, 02909-4721

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey, high-yield 8-unit new construction investment ready for immediate cash flow. Nearing completion and already in the process of securing tenants, this asset eliminates lease-up risk and positions the next owner for instant income. Featuring a desirable mix of 1-bedroom and 2-bedroom units, the property caters to strong rental demand. A valuable 5-year tax stabilization agreement is in place, with taxes starting at just 20% in Year 1 and 40% in Year 2 dramatically boosting early returns and investor ROI. Priced at $1, 750, 000, this is an exceptional opportunity for a savvy investor to acquire a low-maintenance, income-producing asset with significant financial advantages and long-term appreciation potential.
MLS® Number1409780
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2024
BasementFull, Finished, Interior Entry
DrivewayNo Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 11, 2026List Date
$1,750,000List Price
Nov 14, 2023End Date
$157,500Sold Price

Sold

Apr 1, 2026List Date
$165,000List Price

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