Exceptional opportunity to acquire a fully entitled residential development in Woonsocket, RI: Mill River Townhouses at 256 Privilege Street (R-4 High Density Residential). Municipal and regulatory groundwork is already complete. The project was previously approved for a 12-unit residential townhouse development with parking, utilities, and engineered stormwater infrastructure. The City issued Final Plan Approval and Findings of Fact confirming zoning compliance, no significant environmental impacts, and adequate municipal water/sewer capacity. The development also received dimensional variance approval from the Woonsocket Zoning Board of Review for the full 12-unit scope. RIDEM Freshwater Wetlands Permit approval is secured, including authorization for stormwater discharge under the RIPDES Construction General Permit, with stamped plans and defined terms in place. Supporting municipal reviews include DPW utility sign-off (drainage acceptability) and Water Division requirements (hydrant placement, backflow devices, meter compatibility). The previously approved plan set identifies Mill River Townhouses as Assessor’s Map 21, Lot 214. This offering provides a major head start for a qualified builder or investor seeking a high-density infill project with entitlements substantially complete. Full development package available upon request.
Pending
$479,900
256 Privilege St, Woonsocket, RI 02895
--beds
0baths
1.11Acres
Est.:
Unimproved Land
Built in ----
1.11 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 33 days |
- 33 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: February 13, 2026 at 05:16pm
Listed by:
The DiSpirito Team 401-244-8355,
Engel & Volkers Oceanside
Source: StateWide MLS RI,MLS#: 1404452
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Video & virtual tour
Property
Features
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Waterfront, Flood Insurance, River, Walk to Fresh Water, Walk To Water
Lot
- Size: 1.11 Acres
- Features: Urban
- Topography: Level,Open
Details
- Parcel number: WOONM21HL214U22
- Zoning description: Condominium,Multi-Family,Residential
- Wooded area: 0
Utilities & green energy
- Water: Municipal
- Utilities for property: Electricity Connected, Fiber Optic, Gas, Municipal Water, Sanitary Sewers, Street Lights, Phone Connected, Electricity Available, Natural Gas Available, Muncipal Water, Sewer Available, Water Available
Community & HOA
Community
- Features: Near Public Transport, Commuter Bus, Hospital, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping
- Subdivision: Ri Ma Line
HOA
- Has HOA: No
Location
- Region: Woonsocket
Financial & listing details
- Tax assessed value: $101,000
- Annual tax amount: $2,562
- Date on market: 2/10/2026
- Inclusions: Entitlement work is substantially complete for the approved 12-unit Mill River Townhouses project, including City Final Plan Approval, dimensional variance, and an issued RIDEM Freshwater Wetlands Permit with stamped plans on file. Buyer should be a qualified developer comfortable with urban infill execution near a river corridor. Remaining items are primarily technical and administrative, not zoning-based. Municipal utility reviews are complete, with typical final coordination items noted (hydrant placement, backflow devices, meter compatibility, and sewer appurtenances). RIDEM approval is in place; successor sponsor will assume compliance with permit conditions, stormwater BMP implementation, and long-term maintenance requirements. Project advanced through permitting but paused due to sponsor timing/capital considerations, not municipal opposition. Full due diligence package available upon request.
- Electric utility on property: Yes
- Road surface type: Black Tar
Estimated market value
Not available
Estimated sales range
Not available
$1,794/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/14/2026 | Pending sale | $479,900 |
Source:  StateWide MLS RI #1404452 Report a problem | ||
| 2/10/2026 | Listed for sale | $479,900+163% |
Source: StateWide MLS RI #1404452 Report a problem | ||
| 1/8/2026 | Sold | $182,462-4.9% |
Source: Public Record Report a problem | ||
| 5/4/2021 | Sold | $191,900-4% |
Source: Public Record Report a problem | ||
| 1/21/2021 | Price change | $199,900-20% |
Source: RE/MAX Premier Properties #1261891 Report a problem | ||
| 8/17/2020 | Listed for sale | $250,000+733.3% |
Source: RE/MAX Premier Properties #1261891 Report a problem | ||
| 2/15/2019 | Sold | $30,000-80% |
Source: Public Record Report a problem | ||
| 2/10/2006 | Sold | $150,000 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,725 | $101,000 |
| 2024 | $2,725 +4% | $101,000 |
| 2023 | $2,620 | $101,000 |
| 2022 | $2,620 +8.5% | $101,000 +45.3% |
| 2021 | $2,415 -1.4% | $69,500 |
| 2020 | $2,449 -2.6% | $69,500 |
| 2018 | $2,515 +22.5% | $69,500 +25% |
| 2017 | $2,053 -3.7% | $55,600 |
| 2016 | $2,132 -5.8% | $55,600 |
| 2015 | $2,263 | $55,600 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,781/mo
Principal & interest
$2337
Property taxes
$444
More affordability tools
Climate risks
Neighborhood: Social District
Nearby schools
GreatSchools rating
- 3/10Harris SchoolGrades: K-5Distance: 0.7 mi
- 3/10Woonsocket Middle @ Villa NovaGrades: 6-8Distance: 0.7 mi
- 3/10Woonsocket High SchoolGrades: 9-12Distance: 1.3 mi
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