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Well-Maintained Seven-Unit Apartment Building
For Sale
$399,000
Pending

66 HAMLET #7, Woonsocket, RI 02895

Seven-unit apartment building with garages, updated units, and long-term tenants.

Property SizeContact for details
Lot Size0.26 Acres
Days on Market317

Property Features for 66 HAMLET #7

General Information

Standard status Pending
Lot size 0.26 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $6,066

Amenities

Laundry Room
Baseboard Heating
Circuit Breakers
Common Area
Hot Water Heating
Space Heater Heating

Building Details

Year Built 1900
Listing Agency: UNITED PROPERTIES/DAVIDA LTD.
Listed By: NORA WURAFTIC
Source: Corcoran
Added: Sep 30, 2025 Changed: Aug 8 Last Checked: Jul 23 at 7:56AM

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 UNITED PROPERTIES/DAVIDA LTD.

Investment Insights

Based on property information with market context.

This well-maintained seven-unit apartment building includes six garages. The property features large one-bedroom units, each with a living room, eat-in kitchen, bedroom, and bath. The units have been updated. The roof is approximately 5 years old, and the heating system and hot water tank are approximately 6 years old. The building is fully fire coded and has newer garage doors and wide-open hallways. Long-term tenants occupy the units, and the rents are below market value. Ample parking is available in the rear of the building. The property is centrally located in the city. This property is suitable to add to a growing portfolio.

Key Highlights

  • Newer roof and heating/hot water system indicate reduced maintenance costs.
  • Six garages provide a valuable amenity for tenants and potential for increased income.
  • Updated units offer immediate appeal and reduce the need for initial renovations.

Property Analytics

Current Use

Hamlet East Apartments Apartment Building

Suggested Use

Top Pick Real Estate Agency Electrical Service (Bike/Boat/Book/etc) Store Accounting Firm HVAC Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,457
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Seven-unit apartment building with garages, updated units, and long-term tenants.
Where is this apartment building located?
The property is located at 66 HAMLET #7 Woonsocket, RI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Newer roof and heating/hot water system indicate reduced maintenance costs.; Six garages provide a valuable amenity for tenants and potential for increased income.; Updated units offer immediate appeal and reduce the need for initial renovations.
More about this property
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