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Property profile & analytics
OFF-MARKET Estimated value $360,000
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
$360k
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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