4-Unit Apartment
For Sale
$449,828
377 Vose Street, Woonsocket, RI 02895
Each residence has one bedroom, three rooms, and a kitchen and bath.
Property Size2,416 SF
Price / SF$186.19
Days on Market9
Property Features for 377 Vose Street
General Information
Standard status
Active
Size
2,416 SF
Total Parking Spaces
7
Property subtype
Residential Income
Zoning
R4
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,722
Amenities
Restaurant, Sidewalks
Natural Gas, Steam
Exterior Entry, Full, Interior Entry, Unfinished
Dryer, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
Paved, Detached, Garage
Balcony
Building Details
Building Size
2,416 SF
Year Built
1926
Buildings
1
Stories
2
Listing Agency:
Residential Properties Ltd.
Listed By:
Michael Plante · License #REB.0014946
(401) 487-7600
Source:
Evrealestate
Added: Oct 18
Changed: Oct 25
Last Checked: Oct 24 at 5:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Residential Properties Ltd.
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Investment Insights
Based on property information with market context.
The 2,416-square-foot property contains four apartments, each arranged as a one-bedroom, three-room residence with a kitchen and bath. Hardwood flooring appears in many units. Electrical service was updated in the last 30 days, and the building has gas heat and vinyl siding. A three-car garage adds on-site parking and storage. The property was built in 1926.
Located at 377 Vose Street in Woonsocket, Rhode Island, the building is offered for sale. The sale requires cash or hard-money financing.
Located at 377 Vose Street in Woonsocket, Rhode Island, the building is offered for sale. The sale requires cash or hard-money financing.
Key Highlights
- Four one‑bedroom apartments, each with three rooms
- 2,416 square feet; built in 1926
- Electrical service updated in the last 30 days
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,228
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,560
$804.6K
Cap Rate 7%
$574,686
$574.7K
Cap Rate 9%
$446,978
$447.0K
Market Conditions
NOI Build-Up for 2,416 SF
Gross rent
$61.5K $25.44/SF
− Vacancy
−$4.0K −$1.65/SF
EGI
$57.5K $23.79/SF
− OpEx
−$17.2K −$7.14/SF
NOI
$40.2K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,560
Cap Rate 7%
$574,686
Cap Rate 9%
$446,978
Alternative Uses
Best Use
Multifamily LT 5
$574.7K
$502.9K – $670.5K
NOI $40,228 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$456.1K
$399.1K – $532.1K
NOI $31,926 @ 7.0% cap · market cap 7.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
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Business Placement
Demographics for 02895, RI
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has one bedroom, three rooms, and a kitchen and bath.
Where is this quadplex located?
The property is located at 377 Vose Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $449,828.
What are key features of this property?
This property features: Four one‑bedroom apartments, each with three rooms; 2,416 square feet; built in 1926; Electrical service updated in the last 30 days
