339 Privilege St Woonsocket, RI 02895
For Sale
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Opportunity meets scale at this fully occupied six unit brick apartment building in North Woonsocket, near the Massachusetts line and within reach of Providence and Greater Boston. Built in 1963, the property offers six spacious two bedroom, one bath residences across three levels, creating an attra ... ctive foundation for investors seeking immediate income with long term upside. Three units offer approximately 954 square feet each, while three larger units offer approximately 1,079 square feet each. The building includes a common laundry room with washer and dryer, plus in unit laundry in three apartments. Tenants pay their own electric through seven individual meters. Lower level units feature radiant heat. Public water, public sewer, an updated fire alarm system, 11 parking spaces, and a 0.29 acre lot add convenience and tenant appeal. With all six units occupied and current rents offering potential for future growth, this property presents an opportunity to improve income over time while maintaining an established tenant base. Nearby destinations include Landmark Medical Center, the Stadium Theatre, the Museum of Work and Culture, Chan's, riverfront dining, shopping, and major commuter routes. Providence is approximately 13 miles away, Boston approximately 40 miles away, and the Massachusetts border is just minutes away. A compelling six door investment for buyers seeking density, accessibility, and value.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
