Sold for $600,000

$600,000

243-251 Transit St, Woonsocket, RI 02895

8beds

3,112sqft

Multi Family

Built in 1922

-- sqft lot

$616,200 Zestimate^®

$193/sqft

$2,315 Estimated rent

Home value

$616,200

$548,000 - $690,000

$2,315/mo

Zestimate^® history

Owner options

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$2,315/mo

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$2,315/mo

Rent Zestimate^®

Refinance and save

$3,092/mo

Est. payment

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$3,092/mo

Est. payment

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What's special

Off street parkingNew 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 # 1392331

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)
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

Property

Parking

Total spaces: 8
Parking features: Detached
Garage spaces: 4

Features

Stories: 2
Patio & porch: Deck
Exterior features: Balcony

Lot

Size: 8,276 Square Feet
Features: Corner Lot, Sidewalks

Details

Additional structures: Outbuilding
Foundation area: 2240
Zoning: R3
Special conditions: Conventional/Market Value

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
Subdivision: Blackstone

HOA

Has HOA: No

Location

Region: Woonsocket

Financial & listing details

Price per square foot: $193/sqft
Annual tax amount: $8,578
Date on market: 8/19/2025
Total actual rent: 5920
Tenant pays: Hot Water, Heat

Price history

Date	Event	Price
1/27/2026	Sold	$600,000+0.2%$193/sqft
Source: StateWide MLS RI #1393027 Report a problem
11/21/2025	Pending sale	$599,000$192/sqft
Source: StateWide MLS RI #1393027 Report a problem
11/10/2025	Listed for sale	$599,000$192/sqft
Source: StateWide MLS RI #1393027 Report a problem
10/29/2025	Pending sale	$599,000$192/sqft
Source: StateWide MLS RI #1393027 Report a problem
9/25/2025	Price change	$599,000-4.8%$192/sqft
Source: StateWide MLS RI #1393027 Report a problem
8/29/2025	Listed for sale	$629,000$202/sqft
Source: StateWide MLS RI #1393027 Report a problem
8/27/2025	Pending sale	$629,000$202/sqft
Source: StateWide MLS RI #1393027 Report a problem
8/19/2025	Listed for sale	$629,000$202/sqft
Source: StateWide MLS RI #1393027 Report a problem
8/4/2025	Listing removed	$629,000$202/sqft
Source: StateWide MLS RI #1384862 Report a problem
7/8/2025	Price change	$629,000-3.2%$202/sqft
Source: StateWide MLS RI #1384862 Report a problem
5/13/2025	Listed for sale	$650,000$209/sqft
Source: StateWide MLS RI #1384862 Report a problem