241 Pocasset Avenue, Providence, RI 02919

• 11 beds |
• 8 baths |
• 5,535 sqft

Property 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.

Listing Status:

Active

Date Added:

April 10, 2026

Data Last Updated:

April 28, 2026 at 3:18AM

Listing Office:

Innovations Realty : 401-414-7414

MLS ID:

1409780

Interior

• Appliances: Gas Water Heater
• Basement: FullFinishedInterior Entry
• Flooring: Vinyl
• A/C: Central Air
• Heating: Gas
• Fireplace: Fireplaces: 0

Exterior

• Style: Stacked
• Parking: No GarageParking spaces: 0

Construction

• General: Vinyl Siding0

Location

• Originating MLS: RIS_RIS
• County: Providence

Lot

• Zoning: 241POCASSETAVPROV

Utilities

• Utilities: Sewer Connected200+ Amp Service
• Water: ConnectedPublic
• Sewer: Connected

Financial

• Source: RIS_RIS