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51 Wood Avenue, Woonsocket, RI 02895

Woonsocket
Local realty services provided by:CENTURY 21 Shutters & Sails
51 Wood Avenue,Woonsocket, RI 02895
$1,185,000
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  • 16 Beds
  • 8 Baths
  • 9,820 sq. ft.
  • Multi-family
  • Pending
Listed by: don martone
Office: bond brokerage
MLS#:1409850
Source:RI_STATEWIDE

Price summary

  • Price:$1,185,000
  • Price per sq. ft.:$120.67

About this home

An exceptional opportunity to acquire a professionally managed, multifamily investment consisting of two buildings on one lot a seven-unit apartment building and a detached single-family residence totaling eight units in one of Northern Rhode Island's most consistent cash-flow markets. The property offers a clear path to increased revenue through lease-up and rent optimization. Upon stabilization, the asset is projected to achieve approximately:$133,080 in Annual Gross Income. This offering presents a rare blend of in-place income and clear operational upside, making it well-suited for investors seeking both immediate yield and long-term value creation. The primary structure features six (6) two-bedroom, one-bath units and one (1) one-bedroom, one-bath unit, each approximately 800+ sf, offering efficient layouts and strong rental appeal. The secondary structure is a separate single-family residence comprising three (3) bedrooms and one (1) bathroom, totaling just under 1000...

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Home facts

  • Year built:1910
  • Listing ID #:1409850
  • Added:185 day(s) ago
  • Updated:October 15, 2026 at 07:59 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:8
  • Full bathrooms:8
  • Rooms Total:33
  • Flooring:Carpet, Ceramic Tile, Hardwood, Laminate
  • Basement:Yes
  • Basement Description:Exterior Entry, Full, Interior Entry, Partially Finished
  • Living area:9,820 sq. ft.

Heating and cooling

  • Heating:Gas

Structure and exterior

  • Year built:1910
  • Building area:9,820 sq. ft.
  • Lot area:0.2 Acres
  • Construction Materials:Vinyl Siding
  • Exterior Features:Porch
  • Foundation Description:Combination

Utilities

  • Water:Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$1,185,000
  • Price per sq. ft.:$120.67
  • Tax amount:$17,333 (2025)

Features and amenities

  • Amenities:Electric Water Heater, Gas Water Heater, Thermal Windows

Parking

  • Total parking spaces:13
  • 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: October 15, 2026

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