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Woonsocket Multifamily Investment Opportunity

64 Harrison, Woonsocket, RI 02895

For Sale
$1,675,000
Pending

Twelve-unit multifamily property with income potential in Woonsocket, Rhode Island.

Property Size12,336 SF
Lot Size0.99 Acres
Days on Market409

Property Features for 64 Harrison

General Information

Standard status Pending
Size 12,336 SF
Lot size 0.99 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $24,361

Amenities

Baseboard Heating
Circuit Breakers
Common Area
Hot Water Heating
Steam Heating

Building Details

Year Built 1900
Listing Agency: KELLER WILLIAMS REALTY NRI
Listed By: SPECTRUM REC REAL ESTATE CONSULTANTS
Source: Corcoran
Added: Sep 30, 2025 Changed: Nov 10 Last Checked: Nov 12 at 8:12AM

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 NRI

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Investment Insights

Based on property information with market context.

This multifamily property features 12 units situated on nearly an acre of land within a Woonsocket, RI opportunity zone. The investment property generates over $200,000 annually in rental income, with potential for further growth. Both buildings have been updated with new boilers and hot water tanks. Eleven of the twelve units have new bathtubs and vanities. Building #58 has undergone a complete remodel, including new kitchen cabinets, appliances, flooring, fixtures, and paint. The basement of Building #58 features new structural supports, freshly poured concrete floors, and parged walls. In Building #64, three of the six units have been completely remodeled. Both buildings benefit from new concrete skirting and drainage systems, as well as new coin-operated laundry facilities. Lead certificates have been obtained. The property is fully firecoded and offers ample parking. The property size is 12336 square feet.

Key Highlights

  • Over $200,000 in annual rental income with room to grow.
  • 12 units on almost an acre of land in an opportunity zone.
  • New boiler and hot water tank in each of the 2 buildings.

Property Analytics

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Location Intelligence

Trade Area within ½ mile

1,499
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
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Market

Average Price Trend$/SF for Apartment buildings in Woonsocket, RI

$147 Jul
$152 Aug
$170 Sep
$164 Oct

Properties on Market for Apartment buildings in Woonsocket

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Twelve-unit multifamily property with income potential in Woonsocket, Rhode Island.
Where is this apartment building located?
The property is located at 64 Harrison Woonsocket, RI.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Over $200,000 in annual rental income with room to grow.; 12 units on almost an acre of land in an opportunity zone.; New boiler and hot water tank in each of the 2 buildings.
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