A jewel for your portfolio! This turnkey 5-unit building offers immediate cash flow with major upside potential. The spacious layout includes one oversized 4-bed, 2-bath unit and four 2-bed, 1-bath units—each with separate tenant-paid gas and electric. The full 4th floor, currently vacant, includes 4 rooms and common space that a savvy investor may convert into additional rental income. Exterior and common areas have been freshly painted. Off-street parking for all units, ample street parking, and money-making coin-op laundry add to the appeal. Current rents are well below market value, providing strong growth potential. All tenants are month-to-month except one, offering flexibility for future rent adjustments or renovations. A rare opportunity to secure a high-performing asset with untapped value in today’s market! This is a Commercial Property 5+ unit. (FHA, VA, RI HOUSING OR ANY OTHER OWNER OCCUPIED FINANCING DOES NOT QUALIFY- CONTACT YOUR LENDER ABOUT COMMERCIAL FINANCING)
Sold for $730,000 on 08/29/25
$730,000
242 4th Ave, Woonsocket, RI 02895
12beds
6,168sqft
Multi Family
Built in 1930
-- sqft lot
$704,300 Zestimate®
$118/sqft
$-- Estimated rent
Home value
$704,300
$669,000 - $740,000
Not available
Zestimate® history
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What's special
Zillow last checked: 9 hours ago
Listing updated: September 02, 2025 at 04:31am
Listed by:
The DiSpirito Team 401-244-8355,
Engel & Volkers Oceanside
Bought with:
Camila Oliveira, RES.0043818
Real Broker, LLC
Source: StateWide MLS RI,MLS#: 1385858
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 6
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Forced Water, Gas Connected, Gas on Gas, Steam
Cooling
- None
Appliances
- Included: Gas Water Heater, Oven/Range, Refrigerator
- Laundry: In Building
Features
- Wall (Dry Wall), Stairs, Plumbing (Mixed), Insulation (Walls)
- Flooring: Hardwood, Vinyl, Carpet
- Basement: Full,Interior Entry,Unfinished,Laundry,Storage Space,Utility
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 9,384
- Total interior livable area: 6,168 sqft
Property
Parking
- Total spaces: 5
- Parking features: No Garage, Driveway
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 5,662 sqft
Details
- Parcel number: M:6F L:142 U:15,565726
- Zoning: R4
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Shingles, Vinyl Siding
- Foundation: Stone
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Electric: 100 Amp Service, Individual Meter
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Highway Access, Hospital, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
Location
- Region: Woonsocket
- Subdivision: Fairmount
HOA & financial
Other financial information
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2025 | Sold | $730,000+4.3%$118/sqft |
Source:  StateWide MLS RI #1385858 | ||
| 6/5/2025 | Pending sale | $699,900$113/sqft |
Source: StateWide MLS RI #1385858 | ||
| 5/28/2025 | Listed for sale | $699,900$113/sqft |
Source: MLS PIN #73380937 | ||
Public tax history
Tax history is unavailable.
Neighborhood: Fairmount
Nearby schools
GreatSchools rating
- 2/10Kevin K. Coleman SchoolGrades: K-5Distance: 0.2 mi
- 3/10Woonsocket Middle @ Villa NovaGrades: 6-8Distance: 1.4 mi
- NAWoonsocket Career An Tech CenterGrades: 9-12Distance: 2.2 mi
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$704,300
2% more+ $14,086
With Zillow Showcase(estimated)
$718,386