450 Summer St Woonsocket, RI 02895
This exceptional investment opportunity in Woonsocket, Rhode Island, presents a rare chance to acquire a mixed-use property encompassing 19,602 square feet of land. The property features two buildings constructed in 1900, with a total of three stories. One building is an eight-unit apartment house situated in a desirable neighborhood. Each unit is meticulously maintained and in good condition, offering comfortable living spaces for tenants. The property also includes a convenient on-site coin-operated laundry facility and ample parking. The second building is a duplex, comprising two spacious three-bedroom apartments, ideal for larger families. Currently, rents are lower than market value due to long-term tenants, providing immediate income and potential for future growth as leases renew. This property offers a blend of residential and commercial potential, making it an attractive investment for both seasoned investors and first-time buyers. The asking price for this unique property is $1,800,000. The property's location in Woonsocket, Providence County, Rhode Island (zip code 02895) offers convenient access to local amenities and services. This is a truly unique opportunity to own a well-maintained, income-producing property in a prime location.
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.