Woonsocket, RI 02985 Woonsocket, RI 02985
MULTI_FAMILY - Woonsocket, RI
- Added:
- Jun 15, 2026
- Days on Market:
- 27
- Last Refresh:
- Jul 11 at 10:06 pm
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3, Basement
- Parking
- 4
- Parking features
- None
- Basement
- Full, Finished
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 1,678 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2026
Utilities
- Heating system
- Baseboard, Steam, Oil
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 2
- Flooring type
- Vinyl, Hardwood, Tile - Ceramic, Laminate
- Building materials
- Aluminum Siding
Listing agent Yamanda Perez Jimenez (401) 300-0833
Listing office Circle 100 Real Estate 359 Broad Street, Floor 2, Providence, RI (401) 336-6083
Listing date Jun 15, 2026
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.
Located in Woonsocket, Rhode Island 02985, the property sits on a lot of about 0.15 acres. The seller indicates the property will include a $10,000 escrow for fence and repairs, with seller credit also noted for fence. The listing further notes that FHA financing is welcome.
For buyers seeking an owner-occupant setup, the layout allows one unit to be lived in while the other unit provides rental income. Investors can also consider the property as a straightforward two-unit configuration, with the partially finished basement adding potential utility beyond the main living areas. Off-street parking and the available backyard can support everyday tenant or household needs. The seller’s stated escrow and repair credit may also be relevant for buyers planning near-term exterior work.
Key Highlights
- 2‑family home with two 2‑bedroom apartments; second‑floor unit is currently generating rental income
- Seller willing to put $10K in escrow for fence and repairs
- Partially finished basement for extra usable space (storage, recreation, workshop, or expansion potential)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.7k | $25.44 |
| − Vacancy | −$2.8k | −$1.65 |
| EGI | $39.9k | $23.79 |
| − OpEx | −$12.0k | −$7.14 |
| NOI | $27.9k | $16.65 |
