Five-Unit Brick Apartment
558 E School St, Woonsocket, RI 02895
For Sale
$565,000
Residential Income, Woonsocket, RI
Property Size1,800 SF
Lot Size0.04 Acres
Price / SF$313.89
Days on Market53
Property Features for 558 E School St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
coin-operated laundry
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
RE/MAX Town & Country · RE/MAX International
Listed By:
A. Ranger Curran · License NH #011491
(401) 333-0020
Added: Sep 21
Changed: Oct 26
Last Checked: Nov 12 at 11:06PM
MLS# 73580420
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1900, this 1,800-square-foot multifamily property contains five apartments: one two-bedroom unit and four one-bedroom units. Each residence includes a range and refrigerator. The brick exterior is complemented by vinyl replacement windows, while natural gas provides heat and hot water. A coin-operated washer and dryer serve the building, which is fully fire-coded.
Gas and electric service are separately metered, although the owner currently pays all utilities. The roof is approximately 5 years old. The property is zoned R4 and sits on 0.0428 acres in Woonsocket, near shopping, restaurants, public transportation, and everyday amenities.
Gas and electric service are separately metered, although the owner currently pays all utilities. The roof is approximately 5 years old. The property is zoned R4 and sits on 0.0428 acres in Woonsocket, near shopping, restaurants, public transportation, and everyday amenities.
Key Highlights
- Five apartments with one 2‑bedroom unit and four 1‑bedroom units
- 1,800 square feet on 0.0428 acres
- Brick exterior with vinyl replacement windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,786
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,720
$475.7K
Cap Rate 7%
$339,800
$339.8K
Cap Rate 9%
$264,289
$264.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$46.0K $25.56/SF
− Vacancy
−$2.8K −$1.53/SF
EGI
$43.2K $24.03/SF
− OpEx
−$19.5K −$10.81/SF
NOI
$23.8K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,720
Cap Rate 7%
$339,800
Cap Rate 9%
$264,289
Alternative Uses
Best Use
Apartment 5plus
$339.8K
$297.3K – $396.4K
NOI $23,786 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$428.2K
$374.6K – $499.5K
NOI $29,971 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,295
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
$267,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Woonsocket, RI
Properties on Market for Apartment buildings in Woonsocket
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Income-producing multifamily property with varied unit layouts, individual utility metering, and resident laundry equipment.
Where is this apartment building located?
The property is located at 558 E School St Woonsocket, RI.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Five apartments with one 2‑bedroom unit and four 1‑bedroom units; 1,800 square feet on 0.0428 acres; Brick exterior with vinyl replacement windows
