Renovated Three-Family
For Sale
$629,000
752 Social Street, Woonsocket, RI 02895
MULTI_FAMILY - Woonsocket, RI
Property Size1,889 SF
Lot Size0.09 Acres
Price / SF$332.98
Days on Market121
Property Features for 752 Social Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 1, Bedroom 7, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 1
Parking
4
Parking features
None
Basement
Full, Finished
Appliances
Electric Water Heater
Lot features
Corner Lot
Standard status
Active
Size
1,889 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6420
Utilities
Heating system
Baseboard, Zoned, Natural Gas
Building Details
Year built
1825
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Tile - Ceramic, Laminate, Carpet
Building materials
Other Siding
Listing Agency:
Century 21 Limitless · Century 21 Real Estate
(508) 567-3468
Listed By:
Omar Valerio · License #RES.0044011
(401) 688-8315
Added: Apr 17
Changed: Aug 4
Last Checked: Aug 15 at 4:06AM
MLS# 1410298
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.
Renovated three-family triplex at 752 Social Street in Woonsocket, Rhode Island. The property is described as fully renovated with all three units updated with modern finishes and delivered completely vacant, supporting immediate occupancy planning for an owner-user or ready-to-market setup for a new tenant.
Heating is provided via natural gas and baseboard systems, including zoned heat. Interior finishes include a mix of tile (ceramic), laminate, carpet, and hardwood flooring. An electric water heater is listed among the appliances.
The home was built in 1825 and sits on a 0.0893-acre lot. Parking is listed as none. Construction materials are noted as other siding.
Heating is provided via natural gas and baseboard systems, including zoned heat. Interior finishes include a mix of tile (ceramic), laminate, carpet, and hardwood flooring. An electric water heater is listed among the appliances.
The home was built in 1825 and sits on a 0.0893-acre lot. Parking is listed as none. Construction materials are noted as other siding.
Key Highlights
- Fully renovated three‑family triplex delivered completely vacant
- Natural gas baseboard heating with zoned heat
- Multiple flooring types including ceramic tile, laminate, carpet, and hardwood
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,453
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$629,060
$629.1K
Cap Rate 7%
$449,329
$449.3K
Cap Rate 9%
$349,478
$349.5K
Market Conditions
NOI Build-Up for 1,889 SF
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.
Gross rent
$48.1K $25.44/SF
− Vacancy
−$3.1K −$1.65/SF
EGI
$44.9K $23.79/SF
− OpEx
−$13.5K −$7.14/SF
NOI
$31.5K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$629,060
Cap Rate 7%
$449,329
Cap Rate 9%
$349,478
Alternative Uses
Best Use
Multifamily LT 5
$449.3K
$393.2K – $524.2K
NOI $31,453 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$356.6K
$312.0K – $416.0K
NOI $24,962 @ 7.0% cap · market cap 3.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,295
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Fully renovated three-family triplex delivered vacant with natural gas zoned baseboard heat and tile, laminate, carpet, and hardwood floors.
Where is this triplex located?
The property is located at 752 Social Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Fully renovated three‑family triplex delivered completely vacant; Natural gas baseboard heating with zoned heat; Multiple flooring types including ceramic tile, laminate, carpet, and hardwood
