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Real Estate
37 Mechanic Avenue
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
Garage spaces
N/A
Lot size
8,712 sqft

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

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

Mortgage calculator

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

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 19 days ago.

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.