241 Pocasset Avenue Providence, RI $ 1,750,000
241 Pocasset Avenue
$ 1,750,000
Recently Listed New Construction
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241 Pocasset Avenue

Providence, RI, 02919
$ 1,750,000
Bedrooms-- Baths--

Monthly Estimate*

$ 10,775

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Commercial Property for sale in Providence, RI

for $1,750,000. This building was built in 2024.

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.

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Commercial Active

Price

$ 1,750,000

Property Type

Commercial

Taxes

$ 0

Style

Year Built

2024

Town/City

Providence

County/Region

Providence

MLS | Web ID

1409537

Features
General
Sewer Connected
Utilities Sewer Connected
Possession Immediately
Year Built 2024
Electric 200+ Amp Service
Property Subtype Commercial
Tax Year 2025
Community Features Sidewalks
County Providence
New Construction true
Property Type Commercial Sale
Status Active
City Providence
Number Of Units Total 8
Lot Size Units Square Feet
Lot Size Square Feet 2523
Land Lease Y/N false
Tax Annual Amount 0
Property Condition Under Construction
Virtual Tour https://tour.RiLiving.com/241-Pocasset-Avenue-Providence-RI-02919
Standard Status Active
Tax Assessed Value 252100
Tax Lot 202
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Interior
Basement Full
Total Stories 0
Basement (Y/N) true
Total Baths 0
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Exterior
Total Parking 0
Lot Size Area 2523
Number of Buildings 1
Building Area Total 0
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* Excluded Features
List By
Innovations Realty

Broker

madelynndee@gmail.com

Email

Affordability Calculator

$10,775
Per Month
100%
0%
0%
Monthly Principal & Interest
$10,775
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
4/8/2026$1,750,000 Listed Price

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241 Pocasset Avenue, Providence, RI, 02919 is a Commercial Property for sale at $1,750,000. 241 Pocasset Avenue was built in 2024. The property's zip code is 02919 which is in Providence, RI