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Six-Unit Apartment Building
New
For Sale
$699,900

499 Willow St, Woonsocket, RI 02895

Corner-lot multifamily property with updated building systems and renovation work remaining.

Property Size8,818 SF
Lot Size0.28 Acres
Price / SF$79.37
Days on Market5

Property Features for 499 Willow St

General Information

Standard status Active
Size 8,818 SF
Lot size 0.28 Acres
Property subtype Multi-Family
Zoning R4

Property Condition

Severity Repairs Needed
Evidence ready to be finished

Units

Unit Mix 4 x 3BR, 2 x 2BR
Multifamily Units 6

Additional Details

Road Access Yes

Building Details

Year Built 1913
Listing Agency: Smith and Oak Real Estate Co.
Listed By: Smith & Oak Rhode Island Group · License #49551
Source: Rhodeislandhomesforsale
Added: Sep 18 Changed: Sep 20 Last Checked: Sep 21 at 7:12AM

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 Smith and Oak Real Estate Co.

Investment Insights

Based on property information with market context.

This 6-unit apartment building contains four 3-bedroom residences and two 2-bedroom residences within an 8,818-square-foot property. Built in 1913, the building has a new roof, updated plumbing and electrical systems, and replacement windows. Interior completion remains necessary, allowing the next owner to finish the property according to the planned renovation scope.

The property occupies 0.28 acres as a corner lot at 499 Willow Street in Woonsocket, Rhode Island. It offers 113.60 feet of road frontage on Willow and 105 feet along Roberts Street. The site is located in an R4 zone, with any subdivision work remaining the buyer’s responsibility.

Key Highlights

  • 6‑unit configuration with four 3‑bedroom units and two 2‑bedroom units
  • 8,818‑square‑foot apartment building on 0.28 acres
  • New roof, updated plumbing and electrical, and replacement windows

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Accounting Firm HVAC Service Electrical Service Garden Center

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

Lease Details

6
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

803
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - Corner-lot multifamily property with updated building systems and renovation work remaining.
Where is this apartment building located?
The property is located at 499 Willow St Woonsocket, RI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 6‑unit configuration with four 3‑bedroom units and two 2‑bedroom units; 8,818‑square‑foot apartment building on 0.28 acres; New roof, updated plumbing and electrical, and replacement windows
More about this property
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