Triplex Property with Single-Family
For Sale
$649,900
167 2nd Avenue, Woonsocket, RI 02895
Residential Income, Woonsocket, RI
Property Size3,070 SF
Lot Size0.13 Acres
Price / SF$211.69
Days on Market83
Property Features for 167 2nd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 3, Bedroom 7, Bedroom 5, Bedroom 3, Bedroom 8, Bedroom 1, Basement, Bathroom 1, Bathroom 4, Bedroom 6, Bedroom 4, Bathroom 2
Parking
6
Parking features
None
Basement
Full, Unfinished
Appliances
Gas Water Heater
Standard status
Active
Size
3,070 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6036
Utilities
Heating system
Natural Gas, Baseboard
Building Details
Year built
1880
Number of units
3
Flooring type
Laminate, Tile - Ceramic
Building materials
Wood
Listing Agency:
Century 21 Limitless · Century 21 Real Estate
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Added: Jul 15
Changed: Sep 16
Last Checked: Oct 5 at 6:06PM
MLS# 1417981
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 triplex property includes two residential structures on a 0.13-acre parcel. The 3,070-square-foot offering combines a single-family residence with three bedrooms and 1.5 bathrooms and a duplex containing one four-bedroom unit and one one-bedroom unit. The property was built in 1880 and features wood construction, ceramic tile and laminate flooring, natural-gas baseboard heat, and a gas water heater.
Located in Woonsocket, the property is near schools, parks, shopping, restaurants, Landmark Medical Center, and Downtown Woonsocket. Route 146 provides access toward Providence and Worcester, while Diamond Hill Road, Mendon Road, and the Massachusetts border are also nearby. River Island Art Park and World War II Veterans Memorial State Park provide additional nearby recreation.
Located in Woonsocket, the property is near schools, parks, shopping, restaurants, Landmark Medical Center, and Downtown Woonsocket. Route 146 provides access toward Providence and Worcester, while Diamond Hill Road, Mendon Road, and the Massachusetts border are also nearby. River Island Art Park and World War II Veterans Memorial State Park provide additional nearby recreation.
Key Highlights
- Two residential structures occupy one 0.13‑acre parcel
- 3,070 square feet with a 3‑bedroom single‑family home
- Duplex includes 1 4‑bedroom unit and 1 1‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,117
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,340
$1.0M
Cap Rate 7%
$730,243
$730.2K
Cap Rate 9%
$567,967
$568.0K
Market Conditions
NOI Build-Up for 3,070 SF
Gross rent
$78.1K $25.44/SF
− Vacancy
−$5.1K −$1.65/SF
EGI
$73.0K $23.79/SF
− OpEx
−$21.9K −$7.14/SF
NOI
$51.1K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,340
Cap Rate 7%
$730,243
Cap Rate 9%
$567,967
Alternative Uses
Best Use
Multifamily LT 5
$730.2K
$639.0K – $852.0K
NOI $51,117 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$579.6K
$507.1K – $676.2K
NOI $40,569 @ 7.0% cap · market cap 6.24%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
506
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Two residential structures on one parcel combine a three-bedroom house with a two-unit building.
Where is this triplex located?
The property is located at 167 2nd Avenue Woonsocket, RI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two residential structures occupy one 0.13‑acre parcel; 3,070 square feet with a 3‑bedroom single‑family home; Duplex includes 1 4‑bedroom unit and 1 1‑bedroom unit
