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    Property profile & analytics
    OFF-MARKET Estimated value $850,000
    Investment properties

    257 Manville Rd, Woonsocket, RI 02895-5658

    0.18 ac lot
    Entity Owned 19-yr Hold Free & Clear
    Property ID
    US76-0261324
    Property summary
    AI-generated overview

    This exceptional mixed-use property at 257 Manville Road, Woonsocket, Rhode Island, presents a compelling investment opportunity. The 7,638 square foot building sits on a 0.18-acre lot and is priced at $925,000. The property boasts six residential units, each featuring three bedrooms and one full bathroom. These units are spacious, well-lit, and currently occupied on a month-to-month basis with tenants responsible for their own utilities. A new roof was installed just two years ago, ensuring long-term cost savings and peace of mind. In addition to the residential units, a vacant commercial space offers significant potential. This versatile area is ideal for a variety of uses, including a cafГ©, restaurant, or retail establishment. Its location in a high-traffic area promises strong visibility and potential for high occupancy. The property also includes paved off-street parking, providing convenient access for both residents and commercial patrons. This unique blend of residential income and commercial potential makes this property an attractive investment for those seeking a stable, high-return asset in a thriving community. The property's strong rental income stream, combined with the potential for significant commercial revenue, makes this a rare opportunity not to be missed.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Lot 0.18 ac (7,841 SF)
    Zoning code R4
    APN WOON M:28C L:196 U:10
    UPID US76-0261324
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $850k
    Owner & transaction history
    Realty Expert · 19 yrs held
    Realty Expert
    since 2007
    Last sale
    $850,000
    1 recorded transaction
    2007
    $383,000
    Zoning & alternative use
    R4 · Woonsocket, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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