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Updated Six-Unit Apartment Building
For Sale
$799,900

54 First Avenue, Woonsocket, RI 02895

Six residential units feature two-bedroom layouts, individual heating, owned appliances, and access to on-site parking.

Property SizeContact for details
Days on Market11

Property Features for 54 First Avenue

General Information

Standard status Active
Property subtype General Commercial

Units

Unit Mix 6 x 2BR/1BA
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $11,809

Amenities

porches
on-site laundry
10 Parking Spaces.

Building Details

Year Built 1900
Listing Agency: CrossRoads Real Estate Group
Listed By: Bruce Burlingame
Source: Xome
Added: Aug 2 Changed: Aug 10 Last Checked: Aug 11 at 4:39AM

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 CrossRoads Real Estate Group

Investment Insights

Based on property information with market context.

This 1900 apartment building contains 6 units, each arranged with 2 bedrooms, a bathroom, a spacious living room, and a kitchen. Unit interiors include hardwood or vinyl plank flooring, while many kitchens and bathrooms have been updated. Improvements also include rebuilt porches, vinyl replacement windows, upgraded or refinished cabinetry, circuit breaker panels, and hardwired fire-coded smoke and carbon monoxide detectors. Appliances are owned and included with the property.

The property at 54 First Avenue in Woonsocket, RI, is accompanied by an abutting 2,500-square-foot lot. The additional parcel provides parking for up to 10 cars+ and contributes to the stated lot size and tax figures. Each apartment has individual central baseboard heating paid by tenants. A basement laundry area includes coin-operated washers and dryers.

Key Highlights

  • 6‑unit apartment building with 2 bedrooms and 1 bathroom in each unit
  • Abutting 2,500‑square‑foot lot provides parking for up to 10 cars+
  • Many kitchens and bathrooms have been updated

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Gym & Fitness Center Pharmacy Electrical Service HVAC Service (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

495
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Six residential units feature two-bedroom layouts, individual heating, owned appliances, and access to on-site parking.
Where is this apartment building located?
The property is located at 54 First Avenue Woonsocket, RI.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 6‑unit apartment building with 2 bedrooms and 1 bathroom in each unit; Abutting 2,500‑square‑foot lot provides parking for up to 10 cars+; Many kitchens and bathrooms have been updated
More about this property
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