Seize this excellent investment opportunity in the heart of Woonsocket, RI! This freshly painted, well-maintained, fire coded, multi-family property generates a strong annual income of $71,040 with annual expenses of $53,190, offering a potential ROI of 10.98%. New roof! Laundry in building! Property also offers tenants ample off street parking with a detached 4 car garage! Ideal for both seasoned investors and first-time buyers looking to build equity while collecting consistent cash flow. Located in a stable rental market with strong tenant demand, this property is a smart addition to any portfolio. Key Highlights: Solid income-producing asset, Reliable tenant base, Favorable ROI, Convenient location with access to local amenities and major routes Don’t miss out on this high-yield investment—schedule your showing today! Can also be sold as a package MLS # 1388734
For sale
Price cut: $21K (7/8)
$629,000
243-251 Transit St, Woonsocket, RI 02895
8beds
3,112sqft
Est.:
Multi Family
Built in 1922
-- sqft lot
$622,400 Zestimate®
$202/sqft
$-- HOA
What's special
New roofLaundry in building
- 83 days
- on Zillow |
- 400 |
- 34 |
Zillow last checked: 7 hours ago
Listing updated: July 19, 2025 at 09:22pm
Listed by:
Don Martone 401-954-0270,
Bond Brokerage,
Lizbeth Rivera 508-472-0238,
Bond Brokerage
Source: StateWide MLS RI,MLS#: 1384862

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Bathroom
- Features: Bath w Shower Stall, Bath w Tub & Shower
Heating
- Oil, Space Heater, Steam
Cooling
- None
Appliances
- Included: Gas Water Heater
- Laundry: Common Area, In Building
Features
- Wall (Plaster), Plumbing (Mixed)
- Flooring: Laminate, Other
- Basement: Full,Interior Entry,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 6,740
- Total interior livable area: 3,112 sqft
Video & virtual tour
Property
Parking
- Total spaces: 8
- Parking features: Detached
- Garage spaces: 4
Features
- Stories: 2
- Patio & porch: Deck
- Exterior features: Balcony
Lot
- Size: 8,276.4 Square Feet
- Features: Corner Lot, Sidewalks
Details
- Additional structures: Outbuilding
- Foundation area: 2240
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Plaster, Other Siding
Condition
- New construction: No
- Year built: 1922
Utilities & green energy
- Electric: 150 Amp Service
- Sewer: Public Connected
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping
HOA
- Has HOA: No
Location
- Region: Woonsocket
Financial & listing details
- Price per square foot: $202/sqft
- Annual tax amount: $8,578
- Date on market: 5/13/2025
- Total actual rent: 5920
- Tenant pays: Hot Water, Heat
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