538 Wood Avenue Woonsocket

$684,900
10 3 3,976 sq ft

The Property

An outstanding opportunity to own a versatile three-family property in a highly accessible East Woonsocket location, just moments from the Massachusetts state line. Built around the turn of the 20th century, this well-maintained triplex offers approximately 4,000 square feet across three units, giving owners flexible living and rental configurations in one of Northern Rhode Island’s most consistently active markets. The first floor unit features 4 beds with 1 bath and in unit washer dryer, while the second and third floor units feature 3 beds and 1 bath each.

Parking is a standout feature with a detached 3-car garage plus ample off-street parking bringing the total to 9 parking spots, great for attracting and retaining quality tenants in this neighborhood.

The property also offers separate utilities for efficient management and a spacious basement for additional storage. Whether you’re pursuing owner-occupancy to offset your mortgage, purchasing your first investment property, or adding another income-producing asset to your portfolio, this property delivers strong rental demand and long-term value.

Conveniently located near major commuter routes, shopping, restaurants, parks, and everyday essentials — the accessibility renters value, and the continued demand owners benefit from.

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Listing Details

MLS Number

1422806

Lot Size:

0.13 acres

Features

  • Basement: Full, Interior and Exterior, Unfinished, Storage Space, Utility
  • Heating: Natural Gas, Forced Air
  • Heating Fuel: Natural Gas, Forced Air
  • Garage: 1
  • Laundry
  • Year Built: 1900

Market Trends for Single Family Homes
in Woonsocket

  • Overview
    Homes for Sale Today78-92.1% decrease in inventory
    New on Market *4811.6% increase in new listings
    Avg. Asking Price/Sq.Ft. *$249.05$7 increase in List Price/Sq.Ft.
    Avg. Sale Price *$468,088$49,619 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *4170.41%4102.3% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$256.61$8 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *8019 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Compass
Email:
Phone: 401-274-1644

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