339 Privilege Street, Woonsocket, RI 02895
Commercial Sale, Other - Woonsocket, RI
- Added:
- Jun 19, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 27 at 10:06 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 6‑unit brick apartment building built in 1963 in North Woonsocket, near the MA line
- Unit mix: six 2‑bedroom, 1‑bath apartments across three levels—three approx. 954 SF each and three approx. 1,079 SF each
- Laundry included: common laundry room with washer/dryer plus in‑unit laundry in three apartments
- Tenants pay electric via seven individual meters; cooling includes window unit(s) and multi‑unit cooling systems
- Lower level units feature radiant heat; heat is baseboard
- On‑site conveniences include public water and sewer, an updated fire alarm system, and 11 parking spaces on a 0.29‑acre lot
Overview
The building is located in North Woonsocket near the Massachusetts line, with Providence and Greater Boston within reach. Public water and public sewer service the property, and an updated fire alarm system is in place. The site includes 11 parking spaces on a 0.29-acre lot. Nearby destinations mentioned include Landmark Medical Center, the Stadium Theatre, the Museum of Work and Culture, Chan's, and riverfront dining, along with access to major commuter routes.
For buyers seeking a rental property with established occupancy, this six-unit configuration offers a straightforward, metered utility setup and a mix of apartment sizes. On-site parking and laundry facilities support day-to-day tenant convenience, while the building’s multi-level layout provides consistent repeatable unit planning within a single asset.
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