145 Burnside Avenue, Woonsocket, RI 02895
MULTI_FAMILY - Woonsocket, RI
- Added:
- Jun 29, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 29 at 11:06 am
Property Features for 145 Burnside Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 9
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 9, Bedroom 3, Basement, Bedroom 7, Bedroom 1, Bathroom 3, Bedroom 8, Bathroom 4, Bedroom 5, Bathroom 1, Bedroom 2
- Parking
- 6
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 4,365 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5130
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1914
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Laminate, Tile - Ceramic, Hardwood
- Building materials
- Vinyl Siding
Listing agent Kimberly Rodrigues License #451504057 (866) 828-3951
Listing office Exp Realty 10 Dorrance Street, Suite 700, West Hartford, RI (888) 315-3445
Listing date Jun 29, 2026
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 5‑unit multifamily with current gross income of $87,900 and 9.2% cap rate (separate utilities).
- Four of five units are fully updated and rent‑ready; one unit is below market and needs updated heating system and light cosmetic work.
- Projected after updates: gross income of roughly $103,200/year and cap rate of approximately 11.3%.
- Off‑street parking plus a detached 2‑car garage.
- Public water and public sewer; heating includes natural gas forced air.
- Built in 1914 with vinyl siding; being sold as‑is with porches requiring repair.
Overview
The property is located at 145 Burnside Avenue in Woonsocket, Rhode Island, in Providence County. The listing also describes the location as convenient to major highways, shopping, and public transportation.
For investors and 1031 exchange buyers, this structure provides immediate operating income alongside identified scope to bring one unit up to current market conditions. The separate utilities may help support tenant billing flexibility, while the off-street parking and detached garage can be practical amenities for residents. Prospective buyers should plan for the as-is condition and any listed repairs, including porch work and the unit-specific heating and cosmetic updates.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.6k | $25.56 |
| − Vacancy | −$6.7k | −$1.53 |
| EGI | $104.9k | $24.03 |
| − OpEx | −$47.2k | −$10.81 |
| NOI | $57.7k | $13.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Woonsocket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.49877
- Latitude
- 42.009448
