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For sale
  • Price cut: $21K (7/8)
    $629,000

    243-251 Transit St, Woonsocket, RI 02895

    8beds
    3,112sqft
    : 
    Multi Family
    Built in 1922
    -- sqft lot
    $622,400 Zestimate®
    $202/sqft
    $-- HOA

    What's special

    New roofLaundry in building
    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
    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#: 1384862MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 243-251 Transit St.

    Next available tour time:Wednesday at 9:30am

    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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