339 Privilege Street Woonsocket

$950,000
6,178 sq ft

The Property

Opportunity meets scale at this fully occupied six unit brick apartment building in North Woonsocket, near the Massachusetts line and within reach of Providence and Greater Boston. Built in 1963, the property offers six spacious two bedroom, one bath residences across three levels, creating an attractive foundation for investors seeking immediate income with long term upside.

Three units offer approximately 954 square feet each, while three larger units offer approximately 1,079 square feet each. The building includes a common laundry room with washer and dryer, plus in unit laundry in three apartments.

Tenants pay their own electric through seven individual meters. Lower level units feature radiant heat. Public water, public sewer, an updated fire alarm system, 11 parking spaces, and a 0.29 acre lot add convenience and tenant appeal.

With all six units occupied and current rents offering potential for future growth, this property presents an opportunity to improve income over time while maintaining an established tenant base. Nearby destinations include Landmark Medical Center, the Stadium Theatre, the Museum of Work and Culture, Chan’s, riverfront dining, shopping, and major commuter routes. Providence is approximately 13 miles away, Boston approximately 40 miles away, and the Massachusetts border is just minutes away. A compelling six door investment for buyers seeking density, accessibility, and value.

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Listing Details

MLS Number

1415735

Lot Size:

0.29 acres

Features

  • Laundry Room
  • Security Lights
  • Bus
  • Hospital
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Heating: Baseboard
  • Heating Fuel: Baseboard
  • Laundry
  • Downtown
  • Free Standing
  • Year Built: 1963

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Market Trends for Commercial Properties
in Woonsocket

  • Overview
    Homes for Sale Today36-89.7% decrease in inventory
    New on Market *13225% increase in new listings
    Avg. Asking Price/Sq.Ft. *$112.26$14 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$770,000$299,300 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *99.13%1.1% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$144.66$113 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *6533 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 Engel & Volkers
Phone: 401-638-0010

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