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Woonsocket Multifamily Property with Garage

628 Robinson Street Woonsocket, RI 02895

628 Robinson Street, Woonsocket, RI, 02895
$575,000
Pending
For Sale
Claim this Listing
$575,000
Pending

MULTI_FAMILY - Woonsocket, RI

Property Size3,000 SF
Lot Size0.29 Acres
AddedMay 18
Days on Market60
Last RefreshJul 16 at 12:06 pm

Property Features for 628 Robinson Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
6
Bathrooms
5
Rooms
Bedroom 6, Bathroom 1, Basement, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 5, Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 4
Parking
10
Interior features
Wall (Dry Wall), Wall (Paneled), Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
Basement
Full, Unfinished
Appliances
Oven/Range, Refrigerator
Standard status
Pending
Size
3,000 SF
Lot size
0.29 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
8759

Utilities

Heating system
Oil, Baseboard
Water source
Public

Building Details

Year built
1920
Floors in Building
2
Number of units
4
Flooring type
Tile - Ceramic, Laminate, Vinyl, Carpet
Building materials
Dry Wall, Paneled, Plaster, Clapboard, Shingles

Listing agent Bethany Johnsen

Listing office Residential Properties Ltd. 140 Wickenden Street, RI

Listing date May 18, 2026

MLS# 1412887 Listing URL

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 unique offering includes a four-unit property and an adjacent vacant lot featuring a five-car garage. The four-unit building comprises a two-bedroom, one-and-a-half-bath single-family home and a three-family dwelling, along with a two-car garage that has a loft. The owner currently occupies the single-family home and generates $3,250 per month by renting out the three-family unit, a portion of the garage, and three parking spaces. The property features updated heating systems, oil tanks, and electrical panels. The apartments are currently rented below market value. The property is being sold in as-is condition and is located in Woonsocket, Rhode Island, on a 0.29-acre lot. The property is zoned R4 and has a total size of 3,000 square feet.

Key Highlights

  • Unique 4‑unit property with additional vacant lot and 5‑car garage included (MLS #1412893)
  • Income‑generating property currently producing $3250/month
  • Includes a 2‑bed 1.5 bath single family home, a 3‑family unit, and a 2‑car garage with loft

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $76.3k $25.44
− Vacancy −$5.0k −$1.65
EGI $71.4k $23.79
− OpEx −$21.4k −$7.14
NOI $50.0k $16.65
3,000 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$713.6K
$624.4K – $832.5K (±1% cap)
NOI $49,951 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$566.3K
$495.6K – $660.7K (±1% cap)
NOI $39,644 @ 7.0% cap · market cap 6.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Real Estate Agency Parking Lot & Garage Law Firm Accounting Firm (Bike/Boat/Book/etc) Store Garden Center Carpet & Flooring Store Acupuncture Electrical Service Cafe & Coffee Shop

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Four-unit property with vacant lot and five-car garage.
Where is this quadplex located?
The property is located at 628 Robinson Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Unique 4‑unit property with additional vacant lot and 5‑car garage included (MLS #1412893); Income‑generating property currently producing $3250/month; Includes a 2‑bed 1.5 bath single family home, a 3‑family unit, and a 2‑car garage with loft
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