Three-Unit Residential Income
351 Robinson Street, Woonsocket, RI 02895
New
MULTI_FAMILY - Woonsocket, RI
Property size:
3,717 SFLot size:
0.11 AcresPrice / SF:
$188/SF- Added:
- Jun 30, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 6 at 7:06 am
Property Features for 351 Robinson Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 8, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 7, Bedroom 5, Bedroom 6, Bathroom 3, Bathroom 2, Basement
- Parking
- 6
- Parking features
- Open, Carport
- Interior features
- Plumbing (Mixed)
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 3,717 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5322
Utilities
- Heating system
- Natural Gas, Baseboard
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1912
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Laminate, Hardwood
- Building materials
- Masonry
Listing agent Cynthia Beauregard (855) 450-0442
Listing office Real Broker, Llc 10 Dorrance Street, Providence, RI (855) 450-0442
Listing date Jun 30, 2026
MLS# 1416759
Listing URL
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
- 3‑unit multi‑family home built in 1912 with multiple bedrooms and bathrooms across each unit
- Each unit includes a kitchen plus separate storage areas in the basement; appliances included
- Interior features include original woodwork and plaster ceilings, with laminate and hardwood flooring
- Heating is natural gas with baseboard heat, and cooling is provided by window AC units
- Masonry construction with open parking and a carport, plus an attached, separately deeded bonus lot
- Fenced yard with an above‑ground pool and outdoor porches
Overview
This meticulously maintained three-unit residential income property features pristine hallways, exterior porches, and inviting outdoor living areas. The home includes two units with 3 bedrooms and 1 bathroom, each offering a galley kitchen along with spacious dining and living areas. A third-floor unit provides 2 bedrooms and 1 bathroom, plus a bonus room that can be converted into an additional bedroom. Original woodwork and plaster ceilings add character throughout, and all units come fully equipped with appliances. Separate storage areas in the basement support practical tenant use.
The property includes an attached, separately deeded bonus lot, along with a two-car garage and ample parking. Outdoors, the fenced-in yard features an above-ground pool, creating a dedicated recreation and relaxation area.
From a tenant and owner-operator standpoint, the unit mix supports flexibility across three separate residences, including the bonus room in the third-floor unit that can serve as an additional sleeping space. With appliances included and dedicated basement storage, the layout is designed for straightforward move-in readiness while maintaining the comfort of a well-kept, owner-cared-for home.
The property includes an attached, separately deeded bonus lot, along with a two-car garage and ample parking. Outdoors, the fenced-in yard features an above-ground pool, creating a dedicated recreation and relaxation area.
From a tenant and owner-operator standpoint, the unit mix supports flexibility across three separate residences, including the bonus room in the third-floor unit that can serve as an additional sleeping space. With appliances included and dedicated basement storage, the layout is designed for straightforward move-in readiness while maintaining the comfort of a well-kept, owner-cared-for home.
Local Financial Insights For Multifamily LT 5
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 | $94.6k | $25.44 |
| − Vacancy | −$6.1k | −$1.65 |
| EGI | $88.4k | $23.79 |
| − OpEx | −$26.5k | −$7.14 |
| NOI | $61.9k | $16.65 |
3,717 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$884.1K
$773.6K – $1.03M
NOI $61,890 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$701.7K
$614.0K – $818.6K
NOI $49,118 @ 7.0% cap · market cap 7.02%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Woonsocket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.495124
- Latitude
- 42.009113
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-unit layout with attached garage, ample parking, and a fenced yard with above-ground pool.
Where is this triplex located?
The property is located at 351 Robinson Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 3‑unit multi‑family home built in 1912 with multiple bedrooms and bathrooms across each unit; Each unit includes a kitchen plus separate storage areas in the basement; appliances included; Interior features include original woodwork and plaster ceilings, with laminate and hardwood flooring
