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Updated Triplex with Expansion Potential
For Sale
$479,900
Pending

286 Olo Street, Woonsocket, RI 02895

Fully occupied three-family property with renovated interiors, replacement windows, and a prepared fourth-floor unit opportunity.

Property Size3,505 SF
Days on Market12

Property Features for 286 Olo Street

General Information

Standard status Pending
Size 3,505 SF
Property subtype MultiFamily
Occupancy 100%

Units

Unit Mix 3 x 2BR
Multifamily Units 3

Building Details

Year Built 1900
Listing Agency: Residential Properties Ltd.
Listed By: Michael Plante · License #REB.0014946
Source: Lockandkeyre
Added: Sep 16 Changed: Sep 26 Last Checked: Sep 26 at 8:28AM

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 Residential Properties Ltd.

Investment Insights

Based on property information with market context.

This 1900-built triplex contains three 2-bedroom apartments, each measuring approximately 1,100 square feet and featuring double parlors that may accommodate a third bedroom. The property is fully occupied and includes updated kitchens and bathrooms, upgraded electrical service, replacement windows, vinyl siding, and freshly painted hallways, decks, and porches. A roof installed approximately five years ago adds to the recent improvements.

The fourth floor includes a bathroom along with plumbing and electrical infrastructure in place for a potential fourth unit. Off-street parking serves the property, while the building is positioned near the intersection of 2cnd Ave and Olo St in Woonsocket.

Key Highlights

  • Three 2‑bedroom apartments, each approximately 1,100 Sq Ft
  • Double parlors in all 3 units offer potential third‑bedroom layouts
  • Fourth‑floor space includes bath, plumbing, and electric for a possible 4th unit

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Gym & Fitness Center Law Firm Nail Salon Pharmacy

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

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

761
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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Fully occupied three-family property with renovated interiors, replacement windows, and a prepared fourth-floor unit opportunity.
Where is this triplex located?
The property is located at 286 Olo Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Three 2‑bedroom apartments, each approximately 1,100 Sq Ft; Double parlors in all 3 units offer potential third‑bedroom layouts; Fourth‑floor space includes bath, plumbing, and electric for a possible 4th unit
More about this property
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