OFF MARKET

Off market aug 2025 for $730K

—

•

5,202

sq ft

242 4th Ave, Woonsocket, RI 02895

About this home

Turnkey 5-unit investment gem! This fully occupied property features spacious units—four 2-bed/1-bath units and a massive 4-bed/2-bath unit—each with tenant-paid gas and electric. The 4th floor offers 4 additional rooms and common space, ideal for value-add income potential. Enjoy off-street parking for every unit, street parking, and a coin-op washer/dryer for added revenue. Recently painted exterior and refreshed common areas. Current rents are below market, offering solid upside. All tenants are month-to-month, except one. Don’t miss this rare opportunity to boost your portfolio with cash flow and growth potential!

Multi-familyProperty Type

1930Year Built

5,663 sq ftLot Size

$140Price/Sq.Ft.

5 spacesParking

Listed by DiSpirito Team • Engel & Volkers Oceanside

Bought with Non Member • Non Member Office

Redfin checked: 3 minutes ago

•Source:MLS PIN #73380937

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 02895, RI

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

101.3%

0.2% MoM

Median sale price

$434K

$9K MoM

Avg. days on market

28d

6 days MoM

Recently sold homes

14 MoM

New listings for sale

$439,900
3 beds1.5 baths1,138 sq ft
26 Collins St, Woonsocket, RI 02895
$499,000
3 beds3 baths2,400 sq ft
209 Lincoln St, Woonsocket, RI 02895
LISTED BY REDFIN
$625,000
4 beds3 baths2,658 sq ft
83 Summer St, Woonsocket, RI 02895
$385,000
2 beds1 bath1,611 sq ft
20 Oregon Ave, Woonsocket, RI 02895
$649,000
4 beds2.5 baths2,224 sq ft
459 Louise St, Woonsocket, RI 02895
$389,000
4 beds2 baths1,678 sq ft
Woonsocket, RI 02985
$549,900
9 beds3.5 baths3,865 sq ft
163 Greene St, Woonsocket, RI 02895
$175,000
2 beds2 baths2,352 sq ft
136 Jenckes St, Woonsocket, RI 02895
$1,200,000
3 beds4 baths3,342 sq ft
233 Annette Ave, Woonsocket, RI 02895
3D WALKTHROUGH
$599,000
8 beds2.5 baths6,141 sq ft
274 High St, Woonsocket, RI 02895
See all

Provided by Redfin

Sale history for 242 4th Ave

Date

Event

Price

RIS #1394256

Sep 4, 2025

Listing Removed

—

Sep 4, 2025

Listed

$699,900

$135/sq ft

RIS #1385858

Aug 29, 2025

Sold

$730,000

$140/sq ft

Jun 5, 2025

Pending

—

May 28, 2025

Listed

$699,900

$135/sq ft

+38

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! This is a Commercial Property 5+ unit. (FHA, VA, RI HOUSING OR ANY OTHER OWNER OCCUPIED FINANCING DOES NOT QUALIFY- CONTACT YOUR LENDER ABOUT COMMERCIAL FINANCING)

MLS PIN #73380937

Aug 29, 2025

Sold

$730,000

$140/sq ft

May 28, 2025

Listed

$699,900

$135/sq ft

RIS #1143944

Jan 6, 2017

Listed

$234,900

$45/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$6,590 (+7.1%)

$90,200 + $496,600

$586,800

2024

$6,152 (+4.0%)

$90,200 + $332,900

$423,100

2023

$5,915

$90,200 + $332,900

$423,100

2022

$5,915 (+22.4%)

$90,200 + $332,900

$423,100

2021

$4,833 (−1.0%)

$36,300 + $167,200

$203,500

2020

$4,884 (−0.3%)

$36,300 + $167,200

$203,500

2018

$4,900 (+6.4%)

$36,300 + $167,200

$203,500

2017

$4,605 (−5.5%)

$40,300 + $112,700

$153,000

2016

$4,872 (−13.0%)

$40,300 + $112,700

$153,000

2015

$5,597 (−4.9%)

$40,300 + $112,700

$153,000

2014

$5,887 (+4.0%)

$44,300 + $119,500

$163,800

2013

$5,661 (+7.1%)

$44,300 + $119,500

$163,800

2012

$5,284

$44,300 + $119,500

$163,800

Tax history for 242 4th Ave

Year

Property tax

Land + Additions

Assessment*

2025

$6,590 (+7.1%)

$90,200 + $496,600

$586,800

2024

$6,152 (+4.0%)

$90,200 + $332,900

$423,100

2023

$5,915

$90,200 + $332,900

$423,100

2022

$5,915 (+22.4%)

$90,200 + $332,900

$423,100

2021

$4,833 (−1.0%)

$36,300 + $167,200

$203,500

2020

$4,884 (−0.3%)

$36,300 + $167,200

$203,500

2018

$4,900 (+6.4%)

$36,300 + $167,200

$203,500

2017

$4,605 (−5.5%)

$40,300 + $112,700

$153,000

2016

$4,872 (−13.0%)

$40,300 + $112,700

$153,000

2015

$5,597 (−4.9%)

$40,300 + $112,700

$153,000

2014

$5,887 (+4.0%)

$44,300 + $119,500

$163,800

2013

$5,661 (+7.1%)

$44,300 + $119,500

$163,800

2012

$5,284

$44,300 + $119,500

$163,800

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

5,663 Sq. Ft.

Year renovated

—

Sq. Ft.

5,202

Year built

1930

Style

Multi-Family (5+ Unit)

County

Providence County

APN

565726

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 22, 2026.

Property details

Parking

Parking Information
Has Open Parking
Parking Spaces: 5
Parking Features: Paved Drive, Off Street

Interior

Bathroom Information
# of Bathrooms (Full): 5

Basement Information
Basement: Full, Interior Entry, Unfinished

Interior Features
# of Rooms (Total): 24
Window Features: Insulated Windows
Flooring: Vinyl, Carpet, Hardwood
Interior Features: Walk-Up Attic, Storage, Bathroom with Shower Stall, Bathroom With Tub & Shower, Living Room, Kitchen

Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N

Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: N

Unit #3 Information
# of Levels: 1
# of Floors: 2
Lease: N

Unit #4 Information
# of Floors: 3

Exterior

Building Information
Building Area (Total): 5,202
Foundation Details: Concrete Perimeter
Construction Materials: Stone
Stories (Total): 4
Year Built Source: Public Records
Year Built Details: Actual
Color: White

Exterior Features
Roof: Shingle
Exterior Features: Balcony/Deck

Property Information
PropertySubType: 5+ Family - 5+ Units Up/Down

Lot Information
Lot Size (Acres): 0.13
Road Surface Type: Paved
Road Frontage Type: Public

Financial

Tax Information
Tax Annual Amount: $11,415
Tax Year: 2024

Utilities

Utility Information
Utilities: for Gas Range
Sewer: Public Sewer
Water Source: Public, Individual Meter
Electric: Circuit Breakers, 100 Amp Service, Individually Metered

Heating & Cooling
Has Heating
Heating: Steam, Natural Gas, Common

Location

Location Information
Directions: GPS
UnparsedAddress: 242 4th Ave, Woonsocket RI 02895

Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School

Public facts

Beds: 9
Baths: 5.0
Sq. Ft.: 5,202
Stories: 3.0
Lot Size: 5,663 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1930
Year Renovated: —
County: Providence County
APN: 565726

Home facts updated by county records on Jun 22, 2026

Other

Listing Information
StandardStatus: Closed

Around this home

Schools

Some nearby schools may not be within this home's attendance zone. Please check the Woonsocket School District website to verify.

Kevin K. Coleman School

Public K-5 • 0.2mi

3/10

Action Based Enterprises School

Private 1-8 • 0.8mi

Founders Academy

Charter 6-8 • 0.9mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 95° expected this year, 15 days in 30 years

6/10 Wind Factor

64% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Woonsocket, RI • 02895

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.9 hours in June and 4.5 hours in December, placing it below the U.S. average for solar exposure.

8.9 hrs

4.5 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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Home values near 242 4th Ave

Data from public records.

Address	Redfin Estimate
220 4th Avenue, Woonsocket, RI 9 Beds \| 3 Baths \| 3666 Sq. Ft.	$512,084
217 4th Avenue, Woonsocket, RI 3 Beds \| 1 Baths \| 915 Sq. Ft.	$362,707

Address	Redfin Estimate
225 4th Avenue, Woonsocket, RI 4 Beds \| 1 Baths \| 1615 Sq. Ft.	$310,917
208 4th Avenue, Woonsocket, RI 2 Beds \| 1 Baths \| 832 Sq. Ft.	$316,684

Address	Redfin Estimate
209 4th Avenue, Woonsocket, RI 3 Beds \| 1.5 Baths \| 915 Sq. Ft.	$320,103
218 4th Avenue, Woonsocket, RI 9 Beds \| 3 Baths \| 3666 Sq. Ft.	$310,671

Property information provided by MLS PIN when last listed in 2025. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in 02895, RI

Sale history for 242 4th Ave

Tax history for 242 4th Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 02895

Home values near 242 4th Ave

More real estate resources