Seize this excellent investment opportunity in the heart of Woonsocket, RI! This freshly painted, well-maintained, fire coded, multi-family property generates a strong annual income of $71,040 with annual expenses of $53,190, offering a potential ROI of 10.98%. New roof! Laundry in building! Property also offers tenants ample off street parking with a detached 4 car garage! Ideal for both seasoned investors and first-time buyers looking to build equity while collecting consistent cash flow. Located in a stable rental market with strong tenant demand, this property is a smart addition to any portfolio. Key Highlights: Solid income-producing asset, Reliable tenant base, Favorable ROI, Convenient location with access to local amenities and major routes Don't miss out on this high-yield investment schedule your showing today! Can also be sold as a package MLS # 1392331
Multi-familyProperty Type
1922Year Built
8,276 sq ftLot Size
$98Est. Price/Sq.Ft.
4 car garageParking
Listed by Don Martone• Bond Brokerage
Bought with The Hiraldo Group• BHHS Commonwealth Real Estate
Check out this fully rented 4-unit with separate utilities including an additional lot with a 4-car garage. Roof is approximately 5 years old, dwelling is fire-coded, all 4 apartments have gas-on-gas heating units. Some TLC needed.
RIS #445971
Sep 28, 2004
Sold
$265,500
$39/sq ft
Aug 24, 2004
Listing Removed
—
Aug 13, 2004
Listed
$259,900
$39/sq ft
RIS #211622
Oct 28, 2002
Sold
$213,000
$32/sq ft
Aug 29, 2002
Listing Removed
—
Aug 10, 2002
Listed
$209,900
$31/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,655 (+0.7%)
$91,300 + $323,200
$414,500
2024
$4,624 (+4.0%)
$91,300 + $226,700
$318,000
2023
$4,446
$91,300 + $226,700
$318,000
2022
$4,446 (+23.4%)
$91,300 + $226,700
$318,000
2021
$3,603 (−1.0%)
$38,500 + $113,200
$151,700
2020
$3,641 (+2.4%)
$38,500 + $113,200
$151,700
2018
$3,554 (+1.2%)
$34,400 + $113,200
$147,600
2017
$3,513 (−5.5%)
$38,200 + $78,500
$116,700
2016
$3,716 (−13.0%)
$38,200 + $78,500
$116,700
2015
$4,269 (−0.2%)
$38,200 + $78,500
$116,700
2014
$4,277 (+4.0%)
$42,000 + $77,000
$119,000
2013
$4,113 (+7.1%)
$42,000 + $77,000
$119,000
2012
$3,839
$42,000 + $77,000
$119,000
Tax history for 243 251 Transit St
Year
Property tax
Land + Additions
Assessment*
2025
$4,655 (+0.7%)
$91,300 + $323,200
$414,500
2024
$4,624 (+4.0%)
$91,300 + $226,700
$318,000
2023
$4,446
$91,300 + $226,700
$318,000
2022
$4,446 (+23.4%)
$91,300 + $226,700
$318,000
2021
$3,603 (−1.0%)
$38,500 + $113,200
$151,700
2020
$3,641 (+2.4%)
$38,500 + $113,200
$151,700
2018
$3,554 (+1.2%)
$34,400 + $113,200
$147,600
2017
$3,513 (−5.5%)
$38,200 + $78,500
$116,700
2016
$3,716 (−13.0%)
$38,200 + $78,500
$116,700
2015
$4,269 (−0.2%)
$38,200 + $78,500
$116,700
2014
$4,277 (+4.0%)
$42,000 + $77,000
$119,000
2013
$4,113 (+7.1%)
$42,000 + $77,000
$119,000
2012
$3,839
$42,000 + $77,000
$119,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.