Updated Triplex with Three-Bedroom
201 High Street, Woonsocket, RI 02895
For Sale
$489,000
Pending
Three residential apartments offer one-, two-, and three-bedroom layouts with newer appliances and basement laundry hookups.
Property Size3,296 SF
Days on Market57
Property Features for 201 High Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
laundry hookup
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
REMAX Revolution
Listed By:
Karen Moreau · License RI #17211
(401) 862-6510
Source:
Onshorerealtors
Added: Sep 18
Changed: Nov 5
Last Checked: Nov 12 at 4:43AM
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 REMAX Revolution
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Investment Insights
Based on property information with market context.
This 3,296-square-foot triplex, built in 1900, contains three apartments arranged across two floors. The first floor includes one two-bedroom unit and one one-bedroom unit, while the second floor provides a three-bedroom apartment. The upper-level residence has been refreshed with new hardwood flooring, interior doors, and paint. Newer appliances serve the apartments, and laundry hookups are available in the basement.
The property is near downtown Woonsocket, with Stadium Theatre, Cold Spring Park, shopping, and restaurants located minutes away. Tenants are on a TAW basis, and the owner pays heat only. The combination of a varied bedroom mix, updated second-floor finishes, and established neighborhood access supports continued residential use.
The property is near downtown Woonsocket, with Stadium Theatre, Cold Spring Park, shopping, and restaurants located minutes away. Tenants are on a TAW basis, and the owner pays heat only. The combination of a varied bedroom mix, updated second-floor finishes, and established neighborhood access supports continued residential use.
Key Highlights
- 3,296‑square‑foot triplex built in 1900
- Three apartments with one-, two-, and three‑bedroom layouts
- Second‑floor unit updated with new hardwood floors, interior doors, and paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,555
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$871,100
$871.1K
Cap Rate 7%
$622,214
$622.2K
Cap Rate 9%
$483,944
$483.9K
Market Conditions
NOI Build-Up for 3,296 SF
Gross rent
$84.2K $25.56/SF
− Vacancy
−$5.1K −$1.53/SF
EGI
$79.2K $24.03/SF
− OpEx
−$35.6K −$10.81/SF
NOI
$43.6K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$871,100
Cap Rate 7%
$622,214
Cap Rate 9%
$483,944
Alternative Uses
Best Use
Multifamily LT 5
$784.0K
$686.0K – $914.7K
NOI $54,880 @ 7.0% cap · market cap 11.22%
Second Best
Apartment 5plus
$622.2K
$544.4K – $725.9K
NOI $43,555 @ 7.0% cap · market cap 8.91%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,108
Businesses Nearby
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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
$267,900
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Woonsocket, RI
Properties on Market for Triplexes in Woonsocket
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential apartments offer one-, two-, and three-bedroom layouts with newer appliances and basement laundry hookups.
Where is this triplex located?
The property is located at 201 High Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: 3,296‑square‑foot triplex built in 1900; Three apartments with one-, two-, and three‑bedroom layouts; Second‑floor unit updated with new hardwood floors, interior doors, and paint
