5-Unit Apartment
For Sale
$750,000
214 Estes Street, Woonsocket, RI 02895
Residential Income, Woonsocket, RI
Property Size4,194 SF
Lot Size0.24 Acres
Price / SF$178.83
Days on Market28
Property Features for 214 Estes Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
13
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 10, Bedroom 2, Bedroom 9, Bathroom 5, Bedroom 5, Bedroom 7, Bedroom 12, Bedroom 11, Bedroom 8, Bathroom 4, Bedroom 4, Bathroom 3, Basement, Bedroom 1, Bedroom 13, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 6
Parking
6
Parking features
None
Window features
Insulated Windows
Patio and Porch features
Porch
Interior features
Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed), Insulation (Floors), Insulation (Walls)
Exterior features
Porch
Basement
Full, Storage Space, Unfinished
Appliances
Dishwasher, Dryer, Oven, Range, Refrigerator, Whirlpool, Gas Water Heater
Subdivision
Blackstone Line
Lot features
Fenced, Out Building, Paved Driveway, Sidewalks
Standard status
Active
Size
4,194 SF
Lot size
0.24 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10492
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Space Heater, Natural Gas
Amenities
laundry
storage units
outbuilding
fenced yard
Building Details
Year built
1916
Floors in Building
3
Number of units
3
Flooring type
Vinyl, Hardwood, Laminate
Building materials
Dry Wall, Plaster, Vinyl Siding
Listing Agency:
Re/Max Properties · RE/MAX International
(401) 232-3900
Listed By:
The Stearns McGee Team
(401) 356-1519
Added: Oct 6
Changed: Oct 27
Last Checked: Nov 2 at 11:06AM
MLS# 1425192
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.
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Investment Insights
Based on property information with market context.
This 4,194-square-foot apartment property contains five units: a first-floor apartment with four to five bedrooms, two two-bedroom apartments, and two one-bedroom apartments. Hardwood flooring is present throughout the units. The basement provides laundry facilities and storage, while porches, an outbuilding, and a fenced yard add further site features.
Built in 1916, the building sits on a 0.2377-acre parcel and is zoned R4. A paved driveway accommodates parking for six cars. The property is served by public sewer.
Built in 1916, the building sits on a 0.2377-acre parcel and is zoned R4. A paved driveway accommodates parking for six cars. The property is served by public sewer.
Key Highlights
- Five apartments: one first‑floor 4/5‑bedroom unit, two 2‑bedroom units, and two 1‑bedroom units
- 4,194 square feet of building area
- 0.2377‑acre lot with R4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,422
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,440
$1.1M
Cap Rate 7%
$791,743
$791.7K
Cap Rate 9%
$615,800
$615.8K
Market Conditions
NOI Build-Up for 4,194 SF
Gross rent
$107.2K $25.56/SF
− Vacancy
−$6.4K −$1.53/SF
EGI
$100.8K $24.03/SF
− OpEx
−$45.3K −$10.81/SF
NOI
$55.4K $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%
$1,108,440
Cap Rate 7%
$791,743
Cap Rate 9%
$615,800
Alternative Uses
Best Use
Apartment 5plus
$791.7K
$692.8K – $923.7K
NOI $55,422 @ 7.0% cap · market cap 7.39%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$997.6K
$872.9K – $1.16M
NOI $69,832 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
650
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The property combines varied apartment layouts with basement laundry and storage, a fenced yard, and paved driveway parking.
Where is this apartment building located?
The property is located at 214 Estes Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Five apartments: one first‑floor 4/5‑bedroom unit, two 2‑bedroom units, and two 1‑bedroom units; 4,194 square feet of building area; 0.2377‑acre lot with R4 zoning
