This 7-unit multi-family building in Woonsocket offers a fantastic investment opportunity, ideally located near major highways and local amenities. Each unit features 2 spacious bedrooms and 1 full bathroom, providing comfortable living spaces. Currently, 3 units are occupied, generating steady income, while 4 units are vacant and gutted, offering potential for renovations and increased value. With the units ready for completion, this property presents the chance to add significant value through updates. The building also includes 10 off-street parking spots, ensuring ample parking for residents. Whether you're looking to renovate and capitalize on the growing rental market or manage an income-producing property, this is an opportunity not to be missed.
Multi-familyProperty Type
1920Year Built
5,663 sq ftLot Size
$101Est. Price/Sq.Ft.
10 spacesParking
Listed by Kyle Seyboth• Century 21 The Seyboth Team
This is an incredible investment opportunity! This great 7-family property in the area of Mount St. Charles is impeccably kept up. Exterior is vinyl sided and has newer windows (approx. 10 yrs old). New plumbing. All hardwired smoke detectors. Gas stoves heat each unit & tenant pays. Bsmt Coin-op laundry generates income to offset water heater rental. Lead cert for 1 unit. The list goes on & on. Do the math and you'll see the true value in this property. Don't let this one slip away!
Year
Property tax
Land + Additions
Assessment*
2025
$6,316 (+3.8%)
$93,100 + $469,300
$562,400
2024
$6,082 (+4.0%)
$93,100 + $325,200
$418,300
2023
$5,848
$93,100 + $325,200
$418,300
2022
$5,848 (+4.2%)
$93,100 + $325,200
$418,300
2021
$5,612 (−1.0%)
$34,200 + $202,100
$236,300
2020
$5,671 (−0.3%)
$34,200 + $202,100
$236,300
2018
$5,690 (−16.5%)
$34,200 + $202,100
$236,300
2017
$6,815 (−5.5%)
$45,800 + $180,600
$226,400
2016
$7,209 (−13.0%)
$45,800 + $180,600
$226,400
2015
$8,282 (+1.1%)
$45,800 + $180,600
$226,400
2014
$8,191 (+4.0%)
$50,300 + $177,600
$227,900
2013
$7,876 (+7.1%)
$50,300 + $177,600
$227,900
2012
$7,352
$50,300 + $177,600
$227,900
Tax history for 188 Division St
Year
Property tax
Land + Additions
Assessment*
2025
$6,316 (+3.8%)
$93,100 + $469,300
$562,400
2024
$6,082 (+4.0%)
$93,100 + $325,200
$418,300
2023
$5,848
$93,100 + $325,200
$418,300
2022
$5,848 (+4.2%)
$93,100 + $325,200
$418,300
2021
$5,612 (−1.0%)
$34,200 + $202,100
$236,300
2020
$5,671 (−0.3%)
$34,200 + $202,100
$236,300
2018
$5,690 (−16.5%)
$34,200 + $202,100
$236,300
2017
$6,815 (−5.5%)
$45,800 + $180,600
$226,400
2016
$7,209 (−13.0%)
$45,800 + $180,600
$226,400
2015
$8,282 (+1.1%)
$45,800 + $180,600
$226,400
2014
$8,191 (+4.0%)
$50,300 + $177,600
$227,900
2013
$7,876 (+7.1%)
$50,300 + $177,600
$227,900
2012
$7,352
$50,300 + $177,600
$227,900
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.