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Five-Unit Residential Income Property
For Sale
Contact for pricing
Pending

583 Willow St, Woonsocket, RI 02895

Fully occupied five-unit building with tenant-paid utilities and parking for 10+ cars on a double lot.

Property SizeContact for details
Days on Market148

Property Features for 583 Willow St

General Information

Standard status Pending
Property subtype Special Purpose
Listing Agency: CENTURY 21 Limitless
Listed By: Mickey Silva · License #RI
Source: Crexi
Added: Apr 12 Changed: Aug 28 Last Checked: Sep 4 at 9:11PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Limitless

Investment Insights

Based on property information with market context.

This five-unit residential income property is fully occupied with tenants paying their utilities. The building offers spacious unit layouts designed with a wide case for moving furniture. One unit has been fully renovated, and a new water heater has been installed. The first-floor unit features 3 bedrooms and 1 bathroom, while the remaining units are each 2 bedrooms and 1 bathroom. A garage located in the back is rented by the first-floor tenant.

The property sits on a double lot with enough parking for 10+ cars, providing on-site space for tenants.

As configured, the mix of unit sizes provides a consistent layout throughout the building, with the first-floor 3-bedroom unit as the primary difference from the four 2-bedroom units.

Key Highlights

  • Fully occupied 5‑unit building with tenant‑paid utilities
  • Unit mix: 1 first‑floor unit with 3 beds/1 bath; remaining units are 2 beds/1 bath
  • Double lot provides parking for 10+ cars

Property Analytics

Current Use

Ocean State Exterior ... General Contractor

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Spa & Massage Center Accounting Firm HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

803
Businesses Nearby

Demographics for 02895, RI

43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied five-unit building with tenant-paid utilities and parking for 10+ cars on a double lot.
Where is this apartment building located?
The property is located at 583 Willow St Woonsocket, RI.
What are key features of this property?
This property features: Fully occupied 5‑unit building with tenant‑paid utilities; Unit mix: 1 first‑floor unit with 3 beds/1 bath; remaining units are 2 beds/1 bath; Double lot provides parking for 10+ cars
(508) 726-3492 Call to check price and availability
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