Commercial,Commercial Sale at 37 Mechanic Avenue, Woonsocket
1 photo

$1,195,000

37 Mechanic Avenue
Woonsocket, RI 02895
Listed by Robert Berle
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1880

About this home

Excellent investment opportunity in the heart of Woonsocket! This fully occupied 8-unit multifamily offers approximately 5,500 square feet of living space and features eight spacious 2-bedroom, 1-bath apartments. The 2½-story building provides immediate, stable rental income and is an excellent addition to any investment portfolio. Conveniently located near downtown, shopping, restaurants, schools, major highways, and public transportation, the property offers strong rental appeal.

Property details

MLS #
1418562
Property type
Commercial,Commercial Sale
Subdivision
N/A
Status
Active
Days on market
10
On market date
July 22, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
8,712 sqft
Loading map…

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Harris School
0.18 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
441
Student:teacher ratio
14.7:1
District
Woonsocket
MiddleCharter
Founders Academy
0.25 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
160
Student:teacher ratio
13.3:1
District
Beacon Charter School
HighCharter
BEACON Charter School
0.29 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
217
Student:teacher ratio
13.6:1
District
Beacon Charter School

Walkability

Blended score for Woonsocket's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

96
Highly walkable
out of 100
EPA National Walkability Index
18.5 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores15
Parks19
Schools15
Transit stops20
Pharmacies4

Market position

How this listing compares to current activity in Woonsocket, from live MLS data.

On the market 10 days -- 52 fewer days than Woonsocket's current average of 62 days.
For reference, the median list price across 362 active listings in Woonsocket right now is $414,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$7,346/mo
$239,000 down
$956,000 loan
Principal & interest$6,201
Property tax (est.)$996
Home insurance (est.)$150

Similar homes you might like

Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated August 2, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.