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241 Pocasset Avenue, Providence, RI 02919

Providence
Local realty services provided by:CENTURY 21 Shutters & Sails
241 Pocasset Avenue,Providence, RI 02919
$1,699,999
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  • 11 Beds
  • 8 Baths
  • 5,535 sq. ft.
  • Multi-family
  • Active
Listed by: madelynn duarte
Office: innovations realty
MLS#:1409780
Source:RI_STATEWIDE

Price summary

  • Price:$1,699,999
  • Price per sq. ft.:$307.14

About this home

Turnkey, high-yield 8-unit new construction investment ready for immediate cash flow. Nearing completion and already in the process of securing tenants, this asset eliminates lease-up risk and positions the next owner for instant income. Featuring a desirable mix of 1-bedroom and 2-bedroom units, the property caters to strong rental demand. A valuable 5-year tax stabilization agreement is in place, with taxes starting at just 20% in Year 1 and 40% in Year 2 dramatically boosting early returns and investor ROI. Priced at $1,750,000, this is an exceptional opportunity for a savvy investor to acquire a low-maintenance, income-producing asset with significant financial advantages and long-term appreciation potential.

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Home facts

  • Year built:2024
  • Listing ID #:1409780
  • Added:69 day(s) ago
  • Updated:June 19, 2026 at 02:01 PM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:8
  • Full bathrooms:8
  • Rooms Total:16
  • Flooring:Vinyl
  • Basement:Yes
  • Basement Description:Finished, Full, Interior Entry
  • Living area:5,535 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Gas
  • Central air:Yes

Structure and exterior

  • Year built:2024
  • Building area:5,535 sq. ft.
  • Lot area:0.06 Acres
  • Construction Materials:Vinyl Siding

Utilities

  • Water:Connected, Public
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$1,699,999
  • Price per sq. ft.:$307.14

Features and amenities

  • Amenities:Gas Water Heater

Parking

  • Parking description:No Garage
MLS LogoThe data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than CENTURY 21 Shutters & Sails are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 State-Wide MLS, Inc. All rights reserved. Date Last Update: June 19, 2026

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