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37 Mechanic Avenue Woonsocket, RI $ 1,195,000
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$ 1,195,000 Get more info
37 Mechanic Avenue
$ 1,195,000
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37 Mechanic Avenue

Woonsocket, RI, 02895
$ 1,195,000
Bedrooms-- Baths--

Monthly Estimate*

$ 7,545

37 Mechanic Avenue, Woonsocket, RI 02895 - Image 1

Commercial Property for sale in Woonsocket, RI

for $1,195,000. This building was built in 1880.

Excellent investment opportunity in the heart of Woonsocket! This fully occupied 8-unit multifamily offers approximately 5,500 square feet of living space and features eight spacious 2-bedroom, 1-bath apartments. The 2 -story building provides immediate, stable rental income and is an excellent addition to any investment portfolio. Conveniently located near downtown, shopping, restaurants, schools, major highways, and public transportation, the property offers strong rental appeal.

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Commercial Active

Price

$ 1,195,000

Property Type

Commercial

Taxes

$ 7,687

Style

Year Built

1880

Town/City

Woonsocket

County/Region

Providence

MLS | Web ID

1418562
Features
General
Sewer Connected
Utilities Sewer Connected
Possession Negotiable
Year Built 1880
Electric 100 Amp Service Circuit Breakers Separate Meters
Property Subtype Commercial
Tax Year 2025
Business Type Residential
County Providence
New Construction false
Property Type Commercial Sale
Possible Use Multi-Family Residential
Status Active
City Woonsocket
Number Of Units Total 0
Lot Size Units Square Feet
Lot Size Square Feet 8712
Property Attached Y/N false
Land Lease Y/N false
Tax Annual Amount 7687
Structure Type Apartment Multi Family
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 684500
Tax Lot 261
Cap Rate 8.62
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Interior
Total Stories 0
Total Baths 0
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Exterior
Total Parking 0
Lot Size Area 8712
Number of Buildings 1
Road Frontage Type City Street
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* Excluded Features
List By
N.E. Commercial Re Brokers

Broker

bberle@newengland-cre.com

Email

Affordability Calculator

$8,186
Per Month
92%
8%
0%
Monthly Principal & Interest
$7,545
Monthly Property Taxes
$641
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
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Pricing History
DatePricePrice ChangeDescription
7/22/2026$1,195,000 Listed Price

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37 Mechanic Avenue, Woonsocket, RI, 02895 is a Commercial Property for sale at $1,195,000. 37 Mechanic Avenue was built in 1880. The property's zip code is 02895 which is in Woonsocket, RI

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