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51 Wood Ave, Woonsocket, RI 02895

  • $1,185,000

    •

  • —

    bed

  • —

    bath

  • 6,300

    Sqft ($188/Sqft)

Multi-family for sale 13 days
Movoto is helping 37 homebuyers near you

About 51 Wood Ave

Property type Multi-family
Neighborhood
Year built 1910
HOA fee $0/month
Lot size 8,712 Sqft
Movoto estimate
Rental estimate
Property description
Exceptional opportunity to acquire a professionally managed 8-unit multifamily compound featuring two buildings on one lot: a 7-unit apartment building plus a detached single-family residence. Located in a strong Northern Rhode Island rental market, this asset offers immediate in-place cash flow with clear upside through lease-up and rent optimization. Stabilized gross annual income is projected at approximately $133,080. The main building includes six 2-bed/1-bath units and one 1-bed/1-bath unit, each offering efficient, rental-friendly layouts. The detached single-family home features 3 bedrooms and 1 bath, adding valuable income diversification. Significant capital improvements include updated roofs, improved parking and driveways, and numerous mechanical upgrades, making this a compelling value-add investment with strong long-term appreciation potential.
Listed by
Listing Agent - Donald Martone
Listing Office - BOND BROKERAGE
Source: MLS Property Information Network, Inc. mls logo
MLS#73508838 • last updated 1 week ago
Movoto checked MLS Property Information Network, Inc. for data 9 minutes ago
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Overview
Levels/Style 5, 5
MLS # 73508838
Type Residential Income
Status Active
SubType 5-9 Family
SqFt 6300
Lot Size (SqFt) 8712
Lot Size (Acres) 0.2
Annual Property Tax 17333
Year Built 1910
Interior
Basement Full, Interior Entry, Concrete, Unfinished
Total # of Rooms 33
Exterior
Foundation Concrete Perimeter, Stone, Irregular
Roof Asphalt/Composition Shingles
Construction Frame
Parking Desc Paved Drive, Off Street, Tandem, Common, Paved
# Parking Spaces 13
Patio/ Porch Porch, Enclosed
Lot Desc Level, Sloped
Amenities / Utilities
Sewer Public Sewer
Electricity Circuit Breakers, 150 Amp Service, Individually Metered
Water Source Public
Location
County Providence
Community Features Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House Of Worship, Private School, Public School, T-Station, Sidewalks
Zoning R4
Directions Take I-295 N To RI-146 N, Exit For Woonsocket, Follow To Wood Ave/51 Wood Ave.
Multifamily Details
Net Operating Income 133080
Total Actual Rent 11090
Financial Data Source Owner, Pro. Forma Available
Gross Income 133080
Lot/ Land Details
Road Frontage Public
Road Responsibility Public Maintained Road
Road Surface Paved
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2/10
Woonsocket High School
public Grades 9-12
Woonsocket School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • RI
  • Providence County
  • Woonsocket
  • 02895
  • East Woonsocket
  • 51 Wood Ave

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The real estate listing data marked with this icon comes from the IDX program of the Massachusetts Multiple Listing Service™ system.
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