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Residential Development Opportunity in Woonsocket
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129 Ballou Street, Woonsocket, RI 02895

Residential development opportunity with plans for 16 apartment units.

Property SizeContact for details
Days on Market153

Property Features for 129 Ballou Street

General Information

Standard status Active
Total Parking Spaces 25
Property subtype Special Purpose

Building Details

Year Built 1910
Buildings 1
Listing Agency: Century 21 The Seyboth Team
Listed By: Kyle Seyboth · License #RI, MA
Source: Crexi
Added: Mar 14 Changed: Aug 8 Last Checked: Jul 16 at 8:23AM

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 residential development opportunity is located in Woonsocket, Rhode Island. The project includes preliminary approval for converting a commercial building into 16 residential apartment units. The proposed layout features 12 one-bedroom units and 4 two-bedroom units, including 2 ADA-compliant accessible apartments. The location provides convenient access to local shopping, restaurants, and everyday amenities. Downtown Woonsocket, with its cafes, shops, and community services, is nearby. The Blackstone River and Blackstone River Greenway offer opportunities for outdoor recreation. Interstate 146 provides convenient travel to Providence, Rhode Island, and Worcester, Massachusetts.

Key Highlights

  • Approved plans for 16 residential apartment units (12 one‑bedroom, 4 two‑bedroom) in place.
  • Preliminary approval for conversion of existing commercial building.
  • Includes 2 ADA‑compliant accessible apartments.

Property Analytics

Current Use

Frank B Struzik ... Mill

Suggested Use

Top Pick Real Estate Agency Electrical Service HVAC Service Parking Lot & Garage Kitchen & Bath Showroom Accounting Firm

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

469
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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Residential development opportunity with plans for 16 apartment units.
Where is this residential land & home lot located?
The property is located at 129 Ballou Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approved plans for **16 residential apartment units** (12 one‑bedroom, 4 two‑bedroom) in place.; Preliminary approval for conversion of existing commercial building.; Includes **2 ADA‑compliant accessible apartments**.
(508) 726-3492 Call to check price and availability
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