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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 8 |
| Living area | 6,300 sqft |
| Lot size | 8,712 sqft |
| Year built | 1910 |
| Price / sqft | $188 |
| County | Providence |
| MLS # | 73508838 |
Listing status
| Days on market | 4 days |
| Listed on | April 28, 2026 |
Taxes & financials
| Annual property tax | $17,333 |
| Tax year | 2025 |
| Assessed value | $813,800 |
| Zoning | R4 |
| Gross income (actual) | $133,080/yr |
| Net operating income (actual) | $133,080/yr |
| Total actual rent | $11,090/mo |
Building & lot
| Stories | 5 |
| Total rooms | 33 |
| Lot size | 0.2 acres |
| Garage spaces | 0 |
| Parking spaces | 13 |
| Parking | Paved Drive, Off Street, Tandem, Common, Paved |
| Basement | Full, Interior Entry, Concrete, Unfinished |
| Foundation | Concrete Perimeter, Stone, Irregular |
| Roof | Asphalt/Composition Shingles |
| Construction | Frame |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Woonsocket →
Listing courtesy of BOND BROKERAGE — Donald Martone. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 51 Wood Ave, Woonsocket RI 02895 have?
It is a 8-unit multi-family property with 6,300 sqft of living area, built in 1910.
How long has 51 Wood Ave, Woonsocket RI 02895 been on the market?
51 Wood Ave, Woonsocket RI 02895 has been listed for 4 days (since April 28, 2026).
What is the price per unit?
At a list price of $1,185,000 across 8 units, that works out to roughly $148,125 per unit.
What are the property taxes on 51 Wood Ave, Woonsocket RI 02895?
Annual property taxes are $17,333 (2025), on an assessed value of $813,800.
What is the price per square foot?
At $1,185,000 for 6,300 sqft, that's about $188 per square foot.
Is there parking?
13 total parking spaces (paved drive, off street, tandem, common, paved).
Where is this property located?
51 Wood Ave, Woonsocket RI 02895 is in Woonsocket, Providence County, MA 02895.
