339 Privilege Street, Woonsocket, RI 02895
Commercial Sale, Other - Woonsocket, RI
- Added:
- Jun 19, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 22 at 10:06 pm
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 6‑unit brick apartment building built in 1963 in North Woonsocket (near the Massachusetts line)
- Six 2‑bedroom, 1‑bath residences across three levels (three units ~954 SF each; three units ~1,079 SF each)
- Laundry amenities include a common laundry room with washer/dryer, plus in‑unit laundry in three apartments
- Tenants pay their own electric through seven individual meters; public water and public sewer provided
- Heating includes baseboard and lower‑level units feature radiant heat; cooling includes multi‑unit and window unit(s)
- Updated fire alarm system, 11 parking spaces, and a 0.29‑acre lot
Overview
The building is located in North Woonsocket near the Massachusetts line and within reach of Providence and Greater Boston. The property sits on a 0.29-acre lot and includes 11 parking spaces, supporting convenient tenant arrival and daily use.
For investors and owner-operators, this six-unit residential asset offers a straightforward operating setup with individually metered electric and both common and in-unit laundry options. The property is presented as fully occupied, providing immediate rental income from an established tenant base while maintaining a scale that can be attractive to buyers seeking long-term ownership.
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
