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Five-Unit Apartment Building Investment

145 Burnside Avenue Woonsocket, RI 02895

Claim this Listing
For Sale
$725,000

COMMERCIAL - Woonsocket, RI

Type:Apartment
Lot size:
0.12 Acres
Added:
Jun 29, 2026
Days on Market:
13
Last Refresh:
Jul 11 at 8:06 pm

Property Features for 145 Burnside Avenue

General Information

Property type
Commercial Sale
Property subtype
Apartment
Parking
6
Standard status
Active
Lot size
0.12 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
5130

Building Details

Year built
1914
Floors in Building
3

Listing agent Kimberly Rodrigues License #451504057

Listing office Exp Realty 10 Dorrance Street, Suite 700, West Hartford, RI

Listing date Jun 29, 2026

MLS# 1417296

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.


Investment Insights

Based on property information with market context.

This is a 5-unit multifamily property offered for sale as-is. The building includes off-street parking and a detached 2-car garage. Four of the five units are fully updated and described as rent-ready, while one unit is below market and needs a heating system update plus light cosmetic work to bring it in line. The remarks also note that the porches require repair, providing additional scope for renovation.

The property is located in Woonsocket, near major highways, shopping, and public transportation, supporting tenant convenience and everyday accessibility. The offering is positioned as a straightforward value-add approach based on the current unit condition and identified upgrades.

For investors and buyers seeking a small income property with on-site improvements to complete, this asset offers clear renovation tasks and an existing income base. Current gross income is reported as $87,900, and the seller describes the opportunity to increase gross income by bringing the remaining unit up to market. Separate utilities are in place, which can simplify expense allocation for an owner. An investor group tour is scheduled, and buyers should plan to review the property condition and scope of work at or before inspection.

Key Highlights

  • 5‑unit multifamily built in 1914 with current gross income of $87,900/year
  • Current gross income reflects a 9.2% cap rate; separate utilities and off‑street parking
  • Four of five units are fully updated and rent‑ready; 1 unit is below market and needs heating system updates and light cosmetic work

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Parking Lot & Garage Garden Center Bakery Acupuncture (Bike/Boat/Book/etc) Store Law Firm Cosmetic Store Accounting Firm Locksmith

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Five-unit apartment building with separate utilities and off-street parking, four units updated and rent-ready, 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 built in 1914 with current gross income of $87,900/year; Current gross income reflects a 9.2% cap rate; separate utilities and off‑street parking; Four of five units are fully updated and rent‑ready; 1 unit is below market and needs heating system updates and light cosmetic work
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