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
$105Est. 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.
Public record
Public record
Permits
Beds
8
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
8,276 Sq. Ft.
Year renovated
—
Sq. Ft.
3,112
Year built
1922
Style
Multi-Family (5+ Unit)
County
Providence County
APN
521975
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 22, 2026.
Feb 7, 2020 • Final
Mechanical
HVAC
Feb 22, 2017 • Active
Mechanical
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.