372 - 376 River Street Woonsocket

$599,000
4 4 5,208 sq ft

The Property

UPDATE 12/4/2025 TWO NEWLY RENOVATED UNITS!” Seize this excellent investment opportunity near the Blackstone River area of Woonsocket, RI! This well-maintained, fire coded, large, multi-family property generates a strong annual income of $69,600 with annual expenses of $52,196, offering a potential ROI of 10.71%. New roof! New gas, IBC Technologies on demand hot water system! Property also offers tenants ample off street parking with a large lot in rear of building. 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

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Listing Details

MLS Number

1393018

Lot Size:

0.11 acres

Features

  • Basement: Full, Interior and Exterior, Unfinished, Utility
  • Bus
  • Commuter Bus
  • Golf
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Heating: Natural Gas, Baseboard, Gas Connected
  • Heating Fuel: Natural Gas, Baseboard, Gas Connected
  • Laundry
  • Paved
  • Sidewalks
  • Year Built: 1900

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Market Trends for Single Family Homes
in Woonsocket

  • Overview
    Homes for Sale Today66-92.2% decrease in inventory
    New on Market *33-31.3% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$218.65$30 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$449,164$33,311 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *98.40%1.3% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$224.75$25 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *700 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?

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

Listed by Bond Brokerage

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