$1,185,000
About this home
Exceptional opportunity to acquire a professionally managed 8-unit multifamily compound featuring two buildings on one lot: a 7-unit apartment building plus a detached single-family residence. Located in a strong Northern Rhode Island rental market, this asset offers immediate in-place cash flow with clear upside through lease-up and rent optimization. Stabilized gross annual income is projected at approximately $133,080. The main building includes six 2-bed/1-bath units and one 1-bed/1-bath unit, each offering efficient, rental-friendly layouts. The detached single-family home features 3 bedrooms and 1 bath, adding valuable income diversification. Significant capital improvements include updated roofs, improved parking and driveways, and numerous mechanical upgrades, making this a compelling value-add investment with strong long-term appreciation potential.
Property details
- MLS #
- 73508838
- Property type
- 5-9 Family
- Subdivision
- N/A
- Status
- Active
- Days on market
- N/A
- On market date
- N/A
- Stories
- 5
- Garage spaces
- N/A
- Lot size
- 0.2 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 382
- Student:teacher ratio
- 14.7:1
- District
- RISE Prep Mayoral Academy
- Enrollment
- 618
- Student:teacher ratio
- 13.7:1
- District
- Woonsocket
- Enrollment
- 1,644
- Student:teacher ratio
- 15.7:1
- District
- Woonsocket
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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated May 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.