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4-Unit Multifamily Property
New
For Sale
$399,900

56 Summit St, Woonsocket, RI 02895

Two buildings offer a mix of two- and three-bedroom residences, with renovation work possible in the rear building.

Property Size3,191 SF
Price / SF$125.32
Days on Market6

Property Features for 56 Summit St

General Information

Standard status Active
Size 3,191 SF
Total Parking Spaces 1
Property subtype 4 Family - 4 Units Up/Down

Property Condition

Severity Repairs Needed
Evidence may need some rehab

Units

Unit Mix 1 x 3BR, 3 x 2BR
Multifamily Units 4

Additional Details

Utilities to Site Yes

Amenities

multiple deck areas
newer washer dryer
basement storage

Building Details

Year Built 1900
Buildings 2
Listing Agency: Keller Williams Realty Leading Edge
Listed By: Spectrum Real Estate Consultants
Source: Lockandkeyre
Added: Sep 30 Changed: Oct 4 Last Checked: Oct 4 at 10:15AM

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 Keller Williams Realty Leading Edge

Investment Insights

Based on property information with market context.

This 3,191-square-foot multifamily property at 56 Summit St in Woonsocket comprises four residences across two buildings: three two-bedroom units and one three-bedroom unit. The front building has received some updates, while the vacant rear building may require renovation. Features include vinyl windows, basement storage, multiple deck areas, an attached one-car garage, and a newer washer and dryer. Some units have newer on-demand water heaters; ductwork was recently installed in the front building for a future forced-air AC system. Each unit has an individual 100-amp electrical service, and the property is connected to water and sewer. The building dates to 1900.

Key Highlights

  • Four residences in two buildings, with three two‑bedroom units and one three‑bedroom unit
  • 3,191 square feet on a property at 56 Summit St, Woonsocket, RI 02895
  • Vacant rear building may require renovation; front building has some recent updates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Electrical Service Parking Lot & Garage Kitchen & Bath Showroom Accounting Firm HVAC Service

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

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

469
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
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Two buildings offer a mix of two- and three-bedroom residences, with renovation work possible in the rear building.
Where is this quadplex located?
The property is located at 56 Summit St Woonsocket, RI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four residences in two buildings, with three two‑bedroom units and one three‑bedroom unit; 3,191 square feet on a property at 56 Summit St, Woonsocket, RI 02895; Vacant rear building may require renovation; front building has some recent updates
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