145 Burnside Avenue Woonsocket, RI 02895
COMMERCIAL - Woonsocket, RI
- Added:
- Jun 29, 2026
- Days on Market:
- 14
- Last Refresh:
- Jul 12 at 12:06 am
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 (866) 828-3951
Listing office Exp Realty 10 Dorrance Street, Suite 700, West Hartford, RI (888) 315-3445
Listing date Jun 29, 2026
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.
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