Well maintained 6 unit property with many updates. Selling price includes an abutting 2500sq/ft lot for additional parking. Stated lot size and taxes reflect both lots. Owner has performed many updates since purchasing the property in 2017 as photos show. All units have spacious kitchens, large living room, 2 bedrooms, and bath. Many of the kitchens and baths have been updated. Floors are hardwood or vinyl plank. All appliances are owned by seller and many have been replaced since purchased. Among the upgrades are rebuilt porches, vinyl replacement windows, some newer kitchen cabinets or refinished originals, circuit breaker panels, Fully fire coded hardwired smoke/carbons. Each unit has individual central baseboard heating paid by tenants. Basement has washer/dryer coin op. Additional lot allows parking for up to 10 cars+. Not much for new buyer to do except collect rents.
Multi-familyProperty Type
1900Year Built
8,000 sq ftLot Size
$152Price/Sq.Ft.
10 spacesParking
Listed by Bruce Burlingame• CrossRoads Real Estate Group
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 • 0.1mi
3/10
Action Based Enterprises School
Private 1-8 • 0.6mi
Founders Academy
Charter 6-8 • 0.8mi
2/10
Provided by GreatSchools
About
Fairmount
Fairmount, located between Downtown Woonsocket and the Blackstone River corridor, is a residential and hillside Woonsocket neighborhood with mill-era streetscapes and pocket green spaces. The neighborhood’s character concentrates around the Fairmount Avenue and Social Street area, where corner storefronts and everyday services give the blocks a lived-in rhythm. Triple-deckers and compact single-family homes mix with older brick buildings, creating a walkable, close-grained feel on sloping streets. River views and short climbs shape the geography, with stair-stepped blocks and small overlooks. Stadium Theatre and Museum of Work & Culture anchor nearby nights out and local history. The Blackstone River Bikeway adds a linear outdoor thread for rides and strolls.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Hardwood and vinyl flooring
Bathtub
Tub/shower
Interior steps
Full unfinished basement with interior entry
Bedrooms
Four two-bedroom units (each unit is 2 bedrooms)
Bathrooms
Four full bathrooms (one per unit)
Kitchen
Oven
Range
Refrigerator
Laundry & utility
Common area laundry
Water heater
Flooring
Hardwood
Vinyl
Heating & cooling
Hot water baseboard heating (gas)
Exterior features
Frontage approximately 50 feet
Yard/lot approximately 8,000 sq ft
Home design
Multi-unit building (4 units) in a single building
3 stories
Parking
No garage
Parking for 10 vehicles
Construction
Drywall and aluminum siding exterior
Stone foundation
Utilities
Public water (connected)
Public sewer (connected)
Electrical service 200+ amps with circuit breakers and separate meters
HOA & community
Community offers highway access and proximity to schools and shopping
Financial info
Operating expenses reported at $12,300
Electricity and solar
View estimated energy costs and solar savings for this home
SOLID SIX FAMILY BUILDING with STABLE RENTAL HISTORY and 12% cap rate. Each unit has access to porches with TWO units having PRIVATE PORCHES off the living room. HARDWOOD floors throughout with several UPDATES to kitchens and bathrooms. All WIRING replaced in 2008 with 400 AMP service to the house and 100 amp service to each unit and all SMOKES are HARDWIRED with regularly tested alarm panel. Laundry HOOKUPS are in each unit and there's STORAGE in the basement that provides additional INCOME. All new gas pipes in basement. Chimney was re-pointed and driveway paved, in 2008 and the ROOF was replaced 8 years ago. There's plenty of OFF STREET PARKING Four Tenants professionally screened by management company. Two long term tenants are due for a rent increase, allowing for the potential for additional income. Rents are CURRENT and TENANTS PAY reliably. All UTILITIES are SEPARATE including hot water. One Section 8 tenant has heat & hw included currently. Building is WELL INSULATED.
Year
Property tax
Land + Additions
Assessment*
2025
$5,727 (+3.3%)
$90,200 + $419,800
$510,000
2024
$5,546 (+4.0%)
$90,200 + $291,200
$381,400
2023
$5,332
$90,200 + $291,200
$381,400
2022
$5,332 (+11.1%)
$90,200 + $291,200
$381,400
2021
$4,800 (−1.0%)
$35,300 + $166,800
$202,100
2020
$4,850 (−0.3%)
$35,300 + $166,800
$202,100
2018
$4,867 (−20.0%)
$35,300 + $166,800
$202,100
2017
$6,080 (−5.5%)
$40,300 + $161,700
$202,000
2016
$6,432 (−13.0%)
$40,300 + $161,700
$202,000
2015
$7,389 (+7.4%)
$40,300 + $161,700
$202,000
2014
$6,879 (+4.0%)
$44,300 + $147,100
$191,400
2013
$6,615 (+7.1%)
$44,300 + $147,100
$191,400
2012
$6,175
$44,300 + $147,100
$191,400
Public record
Public record
Permits
Beds
9
Baths
6
Stories
3
Lot width
—
Lot depth
—
Lot size
5,663 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
5,262
Unfinished Sq. Ft.
—
Total Sq. Ft.
5,262
Year built
1900
Style
Multi-Family (5+ Unit)
County
Providence County
APN
565699
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 22, 2026.
Jul 30, 2008 • Active
Mechanical
Gas
HVAC
Jun 26, 2008 • Active
Building permit - old
Roofing
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.
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, 16 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)
34
19
37
20
52
32
61
41
69
51
81
61
83
65
80
58
75
55
65
45
53
36
39
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
84/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Woonsocket. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 54 First Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $375,000 and $785,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $375K to $785K.