5-Unit Multifamily Investment
For Sale
$725,000
Pending
145 Burnside Avenue, Woonsocket, RI 02895
Five-unit multifamily with separate utilities, off-street parking, and a detached 2-car garage, sold as-is.
Property SizeContact for details
Days on Market69
Property Features for 145 Burnside Avenue
General Information
Standard status
Pending
Property subtype
Commercial
Additional Details
Cap Rate
9.2%
Highway Access
Yes
Multifamily Units
5
Building Details
Year Built
1914
Tenancy
Multi
Listing Agency:
eXp Realty
(888) 315-3445
Listed By:
Kimberly Rodrigues · License #RES.0046428
(774) 291-2880
Source:
Lockandkeyre
Added: Jun 29
Changed: Sep 4
Last Checked: Sep 5 at 6:52AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This offering is a well-maintained 5-unit multifamily property. The units have separate utilities and include off-street parking as well as a detached 2-car garage. Four of the five units are fully updated and rent-ready, while one unit is below market and needs a heating system update plus light cosmetic work.
The property is conveniently located near major highways, shopping, and public transportation. Porches require repair and the property is being sold as-is, providing an additional opportunity for buyers to address deferred improvements.
Current gross income is reported as $87,900, with the seller projecting that bringing all units up to market rent would increase gross income to approximately $103,200 per year.
The property is conveniently located near major highways, shopping, and public transportation. Porches require repair and the property is being sold as-is, providing an additional opportunity for buyers to address deferred improvements.
Current gross income is reported as $87,900, with the seller projecting that bringing all units up to market rent would increase gross income to approximately $103,200 per year.
Key Highlights
- 5‑unit multifamily investment opportunity built in 1914, sold as‑is.
- Current gross income of $87,900 with separate utilities and a stated 9.2% cap rate.
- Four of five units are fully updated and rent‑ready; one unit is below market and needs updated heating plus light cosmetic work.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit multifamily with separate utilities, off-street parking, and a detached 2-car garage, sold as-is.
Where is this apartment building located?
The property is located at 145 Burnside Avenue Woonsocket, RI.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 5‑unit multifamily investment opportunity built in 1914, sold as‑is.; Current gross income of $87,900 with separate utilities and a stated 9.2% cap rate.; Four of five units are fully updated and rent‑ready; one unit is below market and needs updated heating plus light cosmetic work.
