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Property profile & analytics
OFF-MARKET
Commercial real estate

42 Transit St Woonsocket, RI 02895

Built 1920
Entity Owned 4-yr Hold
Property ID
US76-0393179
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1920
UPID US76-0393179
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Elevator Properties INC · 4 yrs held
Elevator Properties INC
since 2022
5 recorded transactions
2025
Price N/A
2024
Price N/A
2022
Price N/A
2022
$155,000
2021
$117,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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