Multi Family at 56 Summit Street, Woonsocket
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18 photos

$399,900

56 Summit Street
Woonsocket, RI 02895
Listed by Spectrum Real Estate Consultants Team
Bedrooms
9
Bathrooms
4
Living area
N/A
Year built
1900

About this home

Four units. Two buildings. One property. Plenty of room to create value. A versatile mix of one 3-bedroom residence and three 2-bedroom residences. The front building has identical 2br units with some recent updates. The second fl unit is occupied with a longer-term tenant paying a good rent. The first floor unit just vacated end of Sept offering an opportunity for Buyer occupying, new updates or an immediate re-let at market rent. The rear building is vacant and may need some rehab depending on buyer’s intentions for the property. Vinyl windows, some newer on demand hot water units, duct work recently added for a future forced air AC system in the front house, connected water and sewer, individual 100-amp electrical service noted for each unit, basement storage, newer washer dryer, multiple deck areas, and an attached one-car garage add to the package. For an owner occupied investor strategy, earning some income on the front building while renovating the rear, or any other sort of investment plan, looking beyond turnkey inventory and toward the potential of strategic improvements, 56 Summit offers four doors and multiple paths forward.

Property details

MLS #
1424767
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
September 30, 2026
Stories
3
Total bathrooms
4
Garage spaces
1
Parking spaces
7
Lot size
0.16 acres
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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
Globe Park School
0.31 mi away · Grades -1-5
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
495
Student:teacher ratio
15.0:1
District
Woonsocket
MiddleCharter
Founders Academy
1.04 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
0.98 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).

85
Highly walkable
out of 100
EPA National Walkability Index
14.8 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores11
Parks12
Schools5
Transit stops20
Pharmacies3

Market position

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

On the market 0 days -- 61 fewer days than Woonsocket's current average of 61 days.
For reference, the median list price across 380 active listings in Woonsocket right now is $419,000.

Mortgage calculator

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

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Est. monthly payment
$2,558/mo
$79,980 down
$319,920 loan
Principal & interest$2,075
Property tax (est.)$333
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 1 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.