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    42 Transit St Woonsocket, RI 02895

    Sponsored
    For Sale
    $349,900

    Woonsocket, RI: 3-Unit Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Woonsocket, Rhode Island property at 42 Transit Street presents a compelling investment opportunity. Situated on a 4,792 square foot lot, this mixed-use property comprises three buildings constructed in 1920. The property includes three units, each featuring one bedroom and one bathroom. Two of these units are currently occupied, providing immediate rental income. A significant advantage is the inclusion of a detached three-car garage, with two bays currently leased, generating additional rental revenue streams. The separate entrances to each residential unit ensure tenant privacy and independence. The property's location in Woonsocket, Providence County, Rhode Island (zip code 02895) offers convenient access to local amenities and services. This versatile property is ideal for investors seeking a stable income stream or owner-occupiers looking to supplement their income with rental revenue. The asking price for this unique opportunity is $349,900. This is a rare chance to acquire a well-maintained, income-producing property in a desirable location. The property's strong rental history and diverse income streams make it an attractive investment prospect. Don't miss this chance to secure a valuable asset in a thriving Rhode Island market.

    Property Features for 42 Transit St

    General Information

    Property type
    Land

    Building Details

    Year Built
    1920
    Buildings
    3
    Units
    3

    HighLights

    • Mixed‑use property in Woonsocket, RI, on a 4,792 sq ft lot.
    • Three 1‑bedroom/1‑bathroom units, two currently occupied.
    • Detached three‑car garage, two bays leased.
    • Asking price: $349,900.
    • Located in Woonsocket, RI (02895).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5172127
    Latitude
    41.9948656

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    FAQs

    What type of property is this?
    Land - Woonsocket, RI: 3-Unit Investment Opportunity
    Where is this land located?
    The property is located at 42 Transit St Woonsocket, RI.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Mixed-use property in Woonsocket, RI, on a 4,792 sq ft lot.; Three 1-bedroom/1-bathroom units, two currently occupied.; Detached three-car garage, two bays leased.
    Request Owner's contact information
    42 Transit St Woonsocket, RI 02895
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    Woonsocket, RI 02895
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    42 Transit St Woonsocket, RI 02895
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