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21-Unit Apartment Portfolio
New
For Sale
$2,300,000

274 Diamond Hill Road, Woonsocket, RI 02895

The package combines four Woonsocket apartment properties with varied bedroom mixes, off-street parking and garage space.

Property SizeContact for details
Days on Market5

Property Features for 274 Diamond Hill Road

General Information

Standard status Active
Property subtype Commercial

Additional Details

Multifamily Units 21

Building Details

Year Built 1922
Buildings 4
Listing Agency: Harborside Realty
Listed By: Cody Sequino · License #REB.0019378
Source: Lockandkeyre
Added: Sep 23 Changed: Sep 26 Last Checked: Sep 26 at 3:16PM

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 Harborside Realty

Investment Insights

Based on property information with market context.

This four-property apartment portfolio totals 21 units, with configurations ranging from one- to three-bedroom apartments. The 274 Diamond Hill Road building has six two-bedroom units and a two-car garage. At 254 Burnside Avenue, four units have two bedrooms and one has three. The six-unit property at 448 Cumberland Hill Road includes five two-bedroom apartments, one one-bedroom apartment and a four-car garage. The 197 Valley Street building contains four three-bedroom units. Off-street parking is available at each property.

The buildings are located at 274 Diamond Hill Road, 254 Burnside Avenue, 448 Cumberland Hill Road and 197 Valley Street in Woonsocket. The properties are being offered together as one package. No lead certificates are currently in place for the properties.

Key Highlights

  • Four Woonsocket apartment properties offered as a single 21‑unit package
  • 274 Diamond Hill Road: six 2‑bedroom units and a 2‑car garage
  • 254 Burnside Avenue: four 2‑bedroom units and one 3‑bedroom unit

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Garden Center (Bike/Boat/Book/etc) Store Electrical Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

21
Residential units

Location Intelligence

Trade Area within ½ mile

681
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - The package combines four Woonsocket apartment properties with varied bedroom mixes, off-street parking and garage space.
Where is this apartment building located?
The property is located at 274 Diamond Hill Road Woonsocket, RI.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Four Woonsocket apartment properties offered as a single 21‑unit package; 274 Diamond Hill Road: six 2‑bedroom units and a 2‑car garage; 254 Burnside Avenue: four 2‑bedroom units and one 3‑bedroom unit
More about this property
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