339 Privilege Street, Woonsocket, RI 02895
Commercial Sale, Other - Woonsocket, RI
- Added:
- Jun 19, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 21 at 6:06 am
Property Features for 339 Privilege Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 11
- Standard status
- Active
- APN
- 339PRIVILEGESTWOON
- Size
- 6,178 SF
- Lot size
- 0.29 Acres
Utilities
- Heating system
- Baseboard
- Cooling system
- Multi Units, Window Unit(s)
Building Details
- Year built
- 1963
- Floors in Building
- 2
- Architectural style
- Other
Listing agent The DiSpirito Team (401) 244-8355
Listing office Engel & Völkers East Greenwich 247 Main Street, East Greenwich, RI (401) 638-0010
Listing date Jun 19, 2026
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully occupied six‑unit brick apartment building built in 1963 in North Woonsocket
- Six two‑bedroom, one‑bath residences across three levels: three units approx. 954 SF each and three units approx. 1,079 SF each
- Laundry included: common laundry room with washer/dryer plus in‑unit laundry in three apartments
- Utilities metered to tenants: tenants pay electric through seven individual meters; public water and public sewer
- Heating and cooling: lower level units with radiant heat; baseboard heat with multi‑unit and window A/Cs
- On‑site convenience includes 11 parking spaces on a 0.29‑acre lot and an updated fire alarm system
Overview
Located in North Woonsocket near the Massachusetts line, the building offers access to commuter routes and is within reach of Providence and Greater Boston. Nearby destinations mentioned include Landmark Medical Center, the Stadium Theatre, the Museum of Work and Culture, and local dining and shopping.
For investors, the building’s fully occupied status provides immediate rental income from all six units. The unit mix consists of three smaller two-bedroom apartments and three larger two-bedroom apartments, offering flexibility for buyers evaluating a multi-door residential asset with established occupancy and on-site laundry amenities.
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 | $157.9k | $25.56 |
| − Vacancy | −$9.5k | −$1.53 |
| EGI | $148.4k | $24.03 |
| − OpEx | −$66.8k | −$10.81 |
| NOI | $81.6k | $13.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Woonsocket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.505413
- Latitude
- 42.014152
