339 Privilege Street, Woonsocket, RI 02895
Commercial Sale, Other - Woonsocket, RI
- Added:
- Jun 19, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 27 at 6:06 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 with three levels in North Woonsocket, near the Massachusetts line
- Unit mix: 3 two‑bed/1‑bath units ~954 SF each and 3 two‑bed/1‑bath units ~1,079 SF each
- Laundry included: common laundry room with washer/dryer plus in‑unit laundry in three apartments
- Tenants pay their own electric via seven individual meters; lower level units feature radiant heat
- Public water and public sewer; updated fire alarm system
- 0.29‑acre lot with 11 parking spaces
Overview
The property is located in North Woonsocket near the Massachusetts line, with access to destinations including Landmark Medical Center, the Stadium Theatre, the Museum of Work and Culture, Chan's, riverfront dining, and shopping. It is also positioned within reach of major commuter routes, with Providence approximately 13 miles away and Boston approximately 40 miles away.
For investors, the key advantage is operational simplicity with all six units occupied and established tenancy. The mix of unit sizes, tenant-paid electric, and on-site parking support an easy-to-manage rental platform, while the building’s existing systems and layout provide a straightforward foundation for 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