324 Fourth Avenue, Woonsocket, RI 02895
Fully occupied five-unit building with recent updates, sold as package.
- Added:
- Dec 4, 2024
- Days on Market:
- 579
- Last Refresh:
- May 13 at 8:14 pm
Property Features for 324 Fourth Avenue
General Information
- Standard status
- Active
- Size
- 3,852 SF
- Property subtype
- Multifamily, Land
Building Details
- Year Built
- 1937
Listing office Pilot Real Estate
Listing date Dec 4, 2024
Source Crexi
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 Pilot Real Estate
HighLights
- Solid five‑unit building
- Being sold as a package with another property for a total of ten units
- Fully occupied
- Competitive rents
- Many recent updates
- Built in 1937
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.5k | $25.56 |
| − Vacancy | −$5.9k | −$1.53 |
| EGI | $92.5k | $24.03 |
| − OpEx | −$41.6k | −$10.81 |
| NOI | $50.9k | $13.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Woonsocket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.5293323
- Latitude
- 42.002563
