241 Pocasset Avenue Providence

$1,750,000
2,523 sq ft

The Property

Turnkey, high-yield 8-unit new construction investment ready for immediate cash flow. Nearing completion and already in the process of securing tenants, this asset eliminates lease-up risk and positions the next owner for instant income.

Featuring a desirable mix of 1-bedroom and 2-bedroom units, the property caters to strong rental demand. A valuable 5-year tax stabilization agreement is in place, with taxes starting at just 20% in Year 1 and 40% in Year 2—dramatically boosting early returns and investor ROI.


Priced at $1,750,000, this is an exceptional opportunity for a savvy investor to acquire a low-maintenance, income-producing asset with significant financial advantages and long-term appreciation potential.

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Listing Details

MLS Number

1409537

Lot Size:

0.06 acres

Features

  • Basement: Full
  • Urban
  • Year Built: 2024

Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today79-89.6% decrease in inventory
    New on Market *2116.7% increase in new listings
    Avg. Asking Price/Sq.Ft. *$200.57$120 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,020,000$460,000 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *96.82%15.5% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$153.38$516 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *5626 decrease 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 Innovations Realty

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