4-Unit Multifamily
New
For Sale
$399,900
56 Summit Street, Woonsocket, RI 02895
Residential Income, Woonsocket, RI
Property Size2,911 SF
Lot Size0.16 Acres
Price / SF$137.38
Days on Market7
Property Features for 56 Summit Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bedroom 9, Basement, Bedroom 2, Bedroom 6, Bedroom 7, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 5
Parking
7
Interior features
Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed)
Basement
Unfinished, Partial, Storage Space
Appliances
Tankless Water Heater
Standard status
Active
Size
2,911 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7219
Utilities
Sewer type
Public Sewer
Heating system
Oil, Natural Gas
Water source
Public
Amenities
basement storage
washer/dryer
deck areas
Building Details
Year built
1900
Floors in Building
3
Number of units
4
Flooring type
Laminate, Vinyl
Building materials
Dry Wall, Plaster, Shingles, Vinyl Siding
Listing Agency:
Keller Williams Leading Edge · Keller Williams Realty
(401) 333-4900
Listed By:
Spectrum Real Estate Consultants Team
(401) 334-3334
Added: Sep 30
Last Checked: Oct 6 at 7:06AM
MLS# 1424767
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,911-square-foot multifamily property includes four residences across two buildings: one with three bedrooms and three with two bedrooms each. Built in 1900, the property sits on a 0.16-acre lot. Features include basement storage, multiple deck areas, an attached one-car garage, vinyl windows, and a newer washer and dryer. Some units have newer on-demand water heaters, and ductwork was added in the front building for a future forced-air AC system.
One first-floor unit is vacant, and the rear building is vacant and may require rehabilitation. Another unit is occupied by a longer-term tenant. Public water and sewer serve the property, and each unit has an individual 100-amp electrical service.
One first-floor unit is vacant, and the rear building is vacant and may require rehabilitation. Another unit is occupied by a longer-term tenant. Public water and sewer serve the property, and each unit has an individual 100-amp electrical service.
Key Highlights
- Four residences: one three‑bedroom unit and three two‑bedroom units
- Two‑building configuration with a vacant rear building
- 2,911 square feet on a 0.16‑acre lot
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two buildings offer a mix of three-bedroom and two-bedroom residences.
Where is this multifamily property located?
The property is located at 56 Summit Street 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: one three‑bedroom unit and three two‑bedroom units; Two‑building configuration with a vacant rear building; 2,911 square feet on a 0.16‑acre lot
