51 Wood Avenue, Woonsocket
51 Wood Avenue, Woonsocket
51 Wood Avenue, Woonsocket
51 Wood Avenue, Woonsocket
51 Wood Avenue, Woonsocket
51 Wood Avenue, Woonsocket
51 Wood Avenue, Woonsocket
51 Wood Avenue, Woonsocket
51 Wood Avenue, Woonsocket
51 Wood Avenue, Woonsocket
51 Wood Avenue, Woonsocket
51 Wood Avenue, Woonsocket
51 Wood Avenue, Woonsocket
51 Wood Avenue, Woonsocket

51 Wood Avenue Woonsocket

$1,185,000
16 8 9,820 sq ft

Map View Street View

The Property

An exceptional opportunity to acquire a professionally managed, multifamily investment consisting of two buildings on one lot—a seven-unit apartment building and a detached single-family residence—totaling eight units in one of Northern Rhode Island’s most consistent cash-flow markets. The property offers a clear path to increased revenue through lease-up and rent optimization. Upon stabilization, the asset is projected to achieve approximately:$133,080 in Annual Gross Income.

This offering presents a rare blend of in-place income and clear operational upside, making it well-suited for investors seeking both immediate yield and long-term value creation.

The primary structure features six (6) two-bedroom, one-bath units and one (1) one-bedroom, one-bath unit, each approximately 800+ sf, offering efficient layouts and strong rental appeal.

The secondary structure is a separate single-family residence comprising three (3) bedrooms and one (1) bathroom, totaling just under 1000 sf, providing additional income diversification within the asset.

The property has been well maintained with continued capital investment, including:

Updated roofing systems

Improved driveway and parking areas

Numerous mechanical upgrades throughout

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Listing Details

MLS Number

1409850

Lot Size:

0.20 acres

Features

  • Basement: Full, Interior and Exterior, Partially Finished, Bathroom, Bedroom(s), Laundry, Utility
  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Guest House
  • Porch
  • Heating: Natural Gas, Gas Connected, Gas on Gas
  • Heating Fuel: Natural Gas, Gas Connected, Gas on Gas
  • Year Built: 1910

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Market Trends for Single Family Homes
in Woonsocket

  • Overview
    Homes for Sale Today53-93.7% decrease in inventory
    New on Market *4060% increase in new listings
    Avg. Asking Price/Sq.Ft. *$269.07$19 increase in List Price/Sq.Ft.
    Avg. Sale Price *$424,870$11,608 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *96.88%-0.3% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$231.91$24 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *791 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 Bond Brokerage

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