1. Rhode Island
  2. Woonsocket
  3. 242 4th Avenue
$699,900

242 4th Avenue, Woonsocket, RI 02895

  • 12 beds |
  • 6 baths |
  • 9,384 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon5,663sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $75/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

A jewel for your portfolio! This turnkey 5-unit building offers immediate cash flow with major upside potential. The spacious layout includes one oversized 4-bed, 2-bath unit and four 2-bed, 1-bath units—each with separate tenant-paid gas and electric. The full 4th floor, currently vacant, includes 4 rooms and common space that a savvy investor may convert into additional rental income. Exterior and common areas have been freshly painted. Off-street parking for all units, ample street parking, and money-making coin-op laundry add to the appeal. Current rents are well below market value, providing strong growth potential. All tenants are month-to-month except one, offering flexibility for future rent adjustments or renovations. A rare opportunity to secure a high-performing asset with untapped value in today’s market! This is a Commercial Property 5+ unit. (FHA, VA, RI HOUSING OR ANY OTHER OWNER OCCUPIED FINANCING DOES NOT QUALIFY- CONTACT YOUR LENDER ABOUT COMMERCIAL FINANCING) https://eastgreenwich.evrealestate.com/properties/our-listings/242-4th-Woonsocket-RI-02895-StateWideMLS-1385858

Listing Status:
Pending
Date Added:
May 28, 2025 at 05:00AM
Listing Office:
Engel & Volkers : 401-638-0010
MLS ID:
1385858

This listing courtesy of Engel & Volkers

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

K

Kevin K. Coleman School

96 2nd Ave, Woonsocket, RI, 02895

Grades KG-5

0.21 miles away

W

Woonsocket Middle @ Villa Nova

240 Florence Dr, Woonsocket, RI, 02895

Grades 6-8

1.38 miles away

W

Woonsocket Career an Tech Center

400 Aylsworth Ave, Woonsocket, RI, 02895

Grades 9-12

2.22 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.