1. Rhode Island
  2. Woonsocket
  3. 243 Transit Street
$629,000

243 Transit Street, Woonsocket, RI 02895

  • 8 beds |
  • 4 baths |
  • 6,740 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1922
  • Property Lot Size Icon8,276sqft lot
  • Property Parking Icon 4 car garage
  • Property Price Per Square Feet Icon $93/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Seize this excellent investment opportunity in the heart of Woonsocket, RI! This freshly painted, well-maintained, fire coded, multi-family property generates a strong annual income of $71,040 with annual expenses of $53,190, offering a potential ROI of 10.98%. New roof! Laundry in building! Property also offers tenants ample off street parking with a detached 4 car garage! Ideal for both seasoned investors and first-time buyers looking to build equity while collecting consistent cash flow. Located in a stable rental market with strong tenant demand, this property is a smart addition to any portfolio. Key Highlights: Solid income-producing asset, Reliable tenant base, Favorable ROI, Convenient location with access to local amenities and major routes Don’t miss out on this high-yield investment—schedule your showing today! Can also be sold as a package MLS # 1388734

Listing Status:
Active
Date Added:
May 13, 2025 at 05:00AM
Listing Office:
Bond Brokerage : 401-954-0270
MLS ID:
1384862
  • General: Stall ShowerTub Shower
  • Appliances: Gas Water HeaterWater Heater
  • Laundry: Common Area
  • Basement: FullInterior EntryUnfinished
  • Flooring: LaminateOther
  • A/C: None
  • Heating: OilSteamSpace Heater
  • Fireplace: Fireplaces: 0

This listing courtesy of Bond Brokerage

Monthly Payment

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

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Location

Schools Nearby

G

Globe Park School

192 Avenue A, Woonsocket, RI, 02895

Grades PK-5

0.42 miles away

W

Woonsocket Middle at Hamlet

60 Florence Dr, Woonsocket, RI, 02895

Grades 6-8

1.20 miles away

W

Woonsocket Career an Tech Center

400 Aylsworth Ave, Woonsocket, RI, 02895

Grades 9-12

1.83 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.

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$600,000

  • 8 bed |
  • 4 bath |
  • 6,048 sqft |
  • 4,792 sqft lot
170 Arnold Street Woonsocket, RI 02895

#1386382 - Empire RE Group, ERA Powered