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Multifamily Property with Expansion Potential
For Sale
$399,000
Pending

471 Providence Street, Woonsocket, RI 02895

Multifamily property with spacious units, convenient location, and expansion potential.

Property SizeContact for details
Days on Market180

Property Features for 471 Providence Street

General Information

Standard status Pending
Property subtype Multi-family

Building Details

Year Built 1883
Listing Agency: Gold Door Realty
Listed By: The Sarji Team
Source: Milburyre
Added: Feb 27 Changed: Aug 25 Last Checked: Aug 25 at 9:15AM

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 Gold Door Realty

Investment Insights

Based on property information with market context.

The multifamily property at 471 Providence St presents an opportunity for an owner-occupant or investor. It features spacious units with a good layout flow and generously sized bedrooms, along with separate living spaces. The property offers potential for both tenants and multigenerational living. The kitchens and some interior finishes could use updating, and there is exterior deferred maintenance. A large basement with two forms of egress offers significant storage space and possible future expansion potential, subject to buyer due diligence and any necessary approvals. Additional features include off-street parking and a convenient location close to local restaurants, shopping, schools, and major highways. The property offers flexibility and upside potential.

Key Highlights

  • Multifamily property with strong potential for equity building.
  • Spacious units with good layout flow and generously sized bedrooms.
  • Large basement with two forms of egress, offering significant storage and expansion potential.**

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Computer & Electronic Repair (Bike/Boat/Book/etc) Store Garden Center Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

479
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multifamily property with spacious units, convenient location, and expansion potential.
Where is this multifamily property located?
The property is located at 471 Providence Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Multifamily property with strong potential for equity building.; Spacious units with good layout flow and generously sized bedrooms.; Large basement with two forms of egress, offering significant storage and expansion potential.**
More about this property
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