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450 - 464 Summer Street Woonsocket

$1,800,000
7 4 8,367 sq ft

The Property

Introducing a rare opportunity to own a one-of-a-kind total of 10 units. One building is an 8-unit apartment house, nestled in one of the most desirable neighborhoods in the city. This exceptional property features meticulously maintained units, all in good condition, ensuring a comfortable living experience for tenants. Every unit boasts its own charm and character, providing a welcoming atmosphere for residents.

The property includes a lovely yard, perfect for relaxation and ample parking space for both tenants and guests. A convenient coin-operated laundry facility on-site adds further appeal, making daily chores hassle-free. In addition to the 8-unit apartment house, this remarkable property encompasses a beautiful duplex, featuring two spacious Three -bedroom apartments. Ideal for larger families. The duplex provides an excellent living space while complementing the rental income from the apartment units. Rents are currently lower due to the presence of reliable, long-term tenants, reflecting the stability and community spirit of the neighborhood. This unique investment opportunity not only promises steady income but also the potential for future growth as new tenants come in. Don’t miss the chance to acquire this well-maintained apartment complex in a prime location, where charm meets functionality, and community living shines. Whether you’re an experienced investor or a first-time buyer, this property is a must-see!

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Listing Details

MLS Number

1373505

Lot Size:

0.45 acres

Features

  • Basement: Partial, Walkout, Unfinished
  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Restaurants
  • Schools
  • Shopping
  • Balcony
  • Deck
  • Porch
  • Fireplace: Brick
  • Heating: Natural Gas, Baseboard
  • Heating Fuel: Natural Gas, Baseboard
  • Garage: 1
  • Laundry
  • Corner Lot
  • Paved
  • Sidewalks
  • Year Built: 1900

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Market Trends for Multi Family
in Woonsocket

  • Overview
    Homes for Sale Today18-75.7% decrease in inventory
    New on Market *12-33.3% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$131.39$13 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$486,346$33,521 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *101.67%-32.1% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$148.66$6 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *728 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 Re/Max Properties

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