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Woonsocket Multifamily Investment Opportunity

79 Hamlet, Woonsocket, RI 02895

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For Sale

$595,000

Five-unit residential building in Woonsocket with strong rental appeal.

Type:Commercial

Property size:

3,150 SF

Lot size:

0.18 Acres

Price / SF:

$188/SF

HighLights

Five‑unit building with strong in‑place income and upside potential.
Four updated 1‑bed/1‑bath units and one spacious 3‑bed/1‑bath unit.
All units renovated in 2019.
Month‑to‑month tenants provide flexibility for rent increases.
Convenient location in a high‑demand area of Woonsocket, close to amenities and major routes.
Efficient operating costs and security deposits in place for all units.

We can help!

Listing Contact

RILEY WHITE

For Sale

$595,000

Five-unit residential building in Woonsocket with strong rental appeal.

Type:Commercial

Property size:

3,150 SF

Lot size:

0.18 Acres

Price / SF:

$188/SF

Added:: Nov 18, 2025
Days on Market:: 206
Last Refresh:: Apr 5 at 9:14 pm

Property Features for 79 Hamlet

General Information

Standard status: Active
Size: 3,150 SF
Lot size: 0.18 Acres
Property subtype: Commercial

Building Details

Year Built: 1920

We can help!

Listing Contact

RILEY WHITE

Listing agent RILEY WHITE

Listing office KELLER WILLIAMS LEADING EDGE

Listing date Nov 18, 2025

Source Corcoran

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 LEADING EDGE

HighLights

Five‑unit building with strong in‑place income and upside potential.
Four updated 1‑bed/1‑bath units and one spacious 3‑bed/1‑bath unit.
All units renovated in 2019.
Month‑to‑month tenants provide flexibility for rent increases.
Convenient location in a high‑demand area of Woonsocket, close to amenities and major routes.
Efficient operating costs and security deposits in place for all units.

Overview

This five-unit residential building in Woonsocket presents an investment opportunity. The property features four 1-bed/1-bath units and one 3-bed/1-bath unit, all renovated in 2019. Tenants operate on a month-to-month basis. The property generates income and offers potential for increased revenue. Security deposits are in place for all units, and the property has a history of stable occupancy. The building is located in a convenient area of Woonsocket, close to shops, restaurants, and major routes. The property size is 3150 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$80.5k	$25.56
− Vacancy	−$4.8k	−$1.53
EGI	$75.7k	$24.03
− OpEx	−$34.1k	−$10.81
NOI	$41.6k	$13.21

3,150 SF · lease $25.56/SF/yr · vacancy 6.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$594.7K

$520.3K – $693.8K (±1% cap)

NOI $41,626 @ 7.0% cap · market cap 7.00%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$749.3K

$655.6K – $874.2K (±1% cap)

NOI $52,449 @ 7.0% cap · market cap 8.81%

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

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Woonsocket
County: Providence
State: Rhode Island
Longitude: -71.5045
Latitude: 42.0019

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What type of property is this?

Apartment building - Five-unit residential building in Woonsocket with strong rental appeal.

Where is this apartment building located?

The property is located at 79 Hamlet Woonsocket, RI.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: Five‑unit building with strong in‑place income and upside potential.; Four updated 1‑bed/1‑bath units and one spacious 3‑bed/1‑bath unit.; All units renovated in 2019.