Map
Listed price in listed location currency (USD).
$725,000

946

MLS® 1416359

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 4365 sqft
Garage Yes
Taxes $5,130
Days Active 0
Lot Size 0.12 Acres
Approx. Age 1914
Avg. Price Per Sqft $166
MLS® Number 1416359

Property Address: 145 Burnside Ave, Woonsocket, RI, 02895-2189

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

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.
MLS® Number1416359
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1914
BasementFull, Interior Entry, Unfinished
DrivewayDetached, Garage
Garage Spaces
HeatForced Air, Gas
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 29, 2026List Date
$725,000List Price
  • Commute

Commute

Starting Address
Destination Address
145 Burnside Ave, Woonsocket, RI

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties