51 Wood Ave Woonsocket, RI $ 1,185,000
51 Wood Ave
$ 1,185,000
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51 Wood Ave

Woonsocket, RI, 02895
$ 1,185,000
Baths0.0 Sq 6,300

Monthly Estimate*

$ 7,296

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Studio

Multi-Family Home for sale in Woonsocket, RI

for $1,185,000. This 6,300 square foot home was built in 1910 on a lot size of 0.2.

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.

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Multi-Family Active

Price

$ 1,185,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 9,139

Style

5-9 Family

Lot Size

0.2

Year Built

1910

Town/City

Woonsocket

County/Region

Providence

MLS | Web ID

73508838

List By
Donald Martone

Listing Agent

Bond Brokerage

Broker

Affordability Calculator

$8,058
Per Month
91%
9%
0%
Monthly Principal & Interest
$7,296
Monthly Property Taxes
$762
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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Pricing History
DatePricePrice ChangeDescription
4/29/2026$1,185,000 Listed Price

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51 Wood Ave, Woonsocket, RI, 02895 is a Multi-Family Home for sale at $1,185,000 with 6,300 sqft and a lot size of 0.2. 51 Wood Ave is a studio with 0.0 baths and was built in 1910. The property's zip code is 02895 which is in Woonsocket, RI