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

88 Prospect St, Woonsocket, RI 02895

Five fully occupied units include two 4-bedroom layouts, two 3-bedroom layouts, and one above-garage 2-bedroom unit.

Property SizeContact for details
Days on Market137

Property Features for 88 Prospect St

General Information

Standard status Pending
Property subtype Special Purpose, Land
Occupancy 100%

Additional Details

Multifamily Units 5

Amenities

laundry

Building Details

Tenancy Multi
Listing Agency: Century 21 The Seyboth Team
Listed By: Kyle Seyboth · License #RI, MA
Source: Crexi
Added: Apr 12 Changed: Aug 10 Last Checked: Aug 24 at 10:34PM

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 The Seyboth Team

Investment Insights

Based on property information with market context.

This five-unit residential income property is currently fully occupied. The tenant mix includes two units with 4 bedrooms and a double parlor, two units with 3 bedrooms and an up-and-down parlor, and one unit located above the garage with 2 bedrooms. Laundry is available to all tenants, with some units offering in-unit laundry and others having access to basement hookups.

The property is offered for sale at 88 Prospect St in Woonsocket, Rhode Island.

Unit configurations vary by layout, including parlor-style spaces, and the garage is incorporated into the design with one above-garage unit.

Key Highlights

  • 5‑unit property is fully occupied with long‑standing tenants
  • Unit mix: two 4‑bedroom units with a double parlor
  • Unit mix: two 3‑bedroom units with an up & down parlor

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store HVAC Service Acupuncture Garden Center

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

Lease Details

5
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

975
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 - Five fully occupied units include two 4-bedroom layouts, two 3-bedroom layouts, and one above-garage 2-bedroom unit.
Where is this apartment building located?
The property is located at 88 Prospect St Woonsocket, RI.
What are key features of this property?
This property features: 5‑unit property is fully occupied with long‑standing tenants; Unit mix: two 4‑bedroom units with a double parlor; Unit mix: two 3‑bedroom units with an up & down parlor
(508) 726-3492 Call to check price and availability
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