339 Privilege Street, Woonsocket, RI 02895
Commercial Sale, Other - Woonsocket, RI
- Added:
- Jun 19, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 25 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 six‑unit brick apartment building built in 1963 across three levels
- Unit mix: six 2‑bedroom, 1‑bath units—three approx. 954 SF each and three approx. 1,079 SF each
- Laundry: common laundry room with washer/dryer plus in‑unit laundry in three apartments
- Utilities: tenants pay electric via seven individual meters; public water and public sewer
- Lower level radiant heat; baseboard heating and window A/C units for cooling
- On‑site amenities include updated fire alarm system, 11 parking spaces, and a 0.29‑acre lot
Overview
The building is sited on a 0.29-acre lot and includes public water and public sewer services. An updated fire alarm system is in place, and the property offers 11 parking spaces for tenant use. The location places the property near the Massachusetts line, with access to Providence and Greater Boston through major commuter routes.
For investors and owner-operators seeking a multi-family asset with established occupancy, this property provides a straightforward six-door configuration. Its mix of in-unit and common laundry, radiant heat in lower units, and tenant-paid electric meters are practical elements for day-to-day management. The combination of public utilities, parking, and an updated fire alarm system supports a functional residential income approach within an established rental setting.
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