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$730,000

242 4th Avenue
Woonsocket, RI 02895

Commercial Sale|Sold 08/27/2025
0
Beds
0
Total Baths

SqFt

/SqFt
1930
Built
Subdivision:
Fairmount
County:
Providence
Call Now: ​401-559-7674
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​401-559-7674
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A jewel for your portfolio! This turnkey 5-unit building offers immediate cash flow with major upside potential. The spacious layout includes one oversized 4-bed, 2-bath unit and four 2-bed, 1-bath units each with separate tenant-paid gas and electric. The full 4th floor, currently vacant, includes 4 rooms and common space that a savvy investor may convert into additional rental income. Exterior and common areas have been freshly painted. Off-street parking for all units, ample street parking, and money-making coin-op laundry add to the appeal. Current rents are well below market value, providing strong growth potential. All tenants are month-to-month except one, offering flexibility for future rent adjustments or renovations. A rare opportunity to secure a high-performing asset with untapped value in today's market!

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Listing Snapshot
Bedrooms 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Inside Area (SqFt) 
0.0 sqft
Lot Size 
5,663 Acres
Year Built 
1930
MLS® Number 
1385859
Status 
Sold
Property Tax 
$11,415
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoListing updated with changes from the MLS®
General Features
Additional Property Use 
Residential
Foundation 
CombinationConcrete Perimeter
Land Lease 
No
Levels 
Three Or More
Number Of Stories 
3
Parking Spaces 
5
Security 
Carbon Monoxide Detector(s)Fire AlarmSmoke Detector(s)
Sewer 
Public Sewer
Utilities 
Electricity AvailableNatural Gas ConnectedWater ConnectedSewer Connected
Water Source 
Public
Zoning 
R4
Interior Features
Basement 
Full
Electric 
Circuit Breakers100 Amp Service
Heating 
Natural GasSteam
Laundry Features 
Common Area
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Exterior Features
Road Frontage 
City Street
Community Features
Community Features 
RestaurantTennis Court(s)
Roads 
Paved
Listing courtesy of The DiSpirito Team of Engel & Volkers 4012448355



Listing information is provided by Participants of the State-Wide MLS of Rhode Island, Inc. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, State-Wide MLS of Rhode Island, Inc.
Last checked: 2025-12-13 12:27 PM UTC
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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