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Occupied Six-Unit Apartment Building
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592 Diamond Hill Rd, Woonsocket, RI 02895

Well-maintained multifamily property with separated utilities, private parking, porches, and on-site laundry.

Property SizeContact for details
Days on Market143

Property Features for 592 Diamond Hill Rd

General Information

Standard status Active
Total Parking Spaces 7
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 3 x 2BR/1BA, 3 x 3BR/1BA
Multifamily Units 6

Additional Details

Utilities to Site Yes

Amenities

common coin-op laundry
private porches
dumpster on site
Listing Agency: KW Commercial - Rhode Island
Listed By: Luke Palmer · License #RI REB.0009712
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 2:01AM

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 KW Commercial - Rhode Island

Investment Insights

Based on property information with market context.

This fully occupied apartment property contains six units, including three two-bedroom, one-bath apartments and three three-bedroom, one-bath apartments. The building features a maintained common hallway, three private porches serving individual units, and coin-operated laundry. Recent work includes roof improvements, replacement of water heaters and boilers, deck repairs, and lead water line replacement.

Building systems are organized for separate operation, with six hot water tanks, six boilers, and six individual electrical panels located in the basement. A hardwired fire system is installed. Seven surface parking spaces are positioned behind the building, and a dumpster on the site is serviced by a trash collection company. The property is located in downtown Woonsocket at 592 Diamond Hill Rd, with tenant-paid utilities.

Key Highlights

  • Six fully occupied apartment units: three 2‑bedroom and three 3‑bedroom apartments
  • Seven private surface parking spaces located behind the building
  • Six boilers, six hot water tanks, and 6 separated electrical panels

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Garden Center Accounting Firm Carpet & Flooring Store Law Firm Locksmith

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
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

650
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 - Well-maintained multifamily property with separated utilities, private parking, porches, and on-site laundry.
Where is this apartment building located?
The property is located at 592 Diamond Hill Rd Woonsocket, RI.
What are key features of this property?
This property features: Six fully occupied apartment units: three 2‑bedroom and three 3‑bedroom apartments; Seven private surface parking spaces located behind the building; Six boilers, six hot water tanks, and 6 separated electrical panels
More about this property
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