42 Transit St Woonsocket, RI 02895
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.
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
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.