241 Pocasset Avenue, Providence, RI 02919 - Photo 1

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$1,750,000 Just Listed

For Sale
Active
Apartment
11 Beds
8 Full Baths
0.0579 Acres
Updated 1 day ago

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Property Description

Turnkey, high-yield 8-unit new construction investment ready for immediate cash flow. Nearing completion and already in the process of securing tenants, this asset eliminates lease-up risk and positions the next owner for instant income. Featuring a desirable mix of 1-bedroom and 2-bedroom units, the property caters to strong rental demand. A valuable 5-year tax stabilization agreement is in place, with taxes starting at just 20% in Year 1 and 40% in Year 2 dramatically boosting early returns and investor ROI. Priced at $1,750,000, this is an exceptional opportunity for a savvy investor to acquire a low-maintenance, income-producing asset with significant financial advantages and long-term appreciation potential.

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Full Property Details

Full Property Details for 241 Pocasset Ave

General

Price: $1,750,000
Taxes: (2025)
Status: Active
Type: Apartment
Source: STWMLS
MLS ID: 1409780
Updated: 4/11/2026
Added to Site: 2 day(s) ago

Interior

Number of Rooms: 16
Appliances: Gas Water Heater
Flooring: Vinyl

Rooms

Bathrooms

Total Bathrooms: 8
Full Bathrooms: 8

Bedrooms

Total Bedrooms: 11

Parking

Parking Features: No Garage

Location

County: Providence

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air Conditioning
Heating Type: Gas

Utilities

Sewer: Connected
Water: Connected, Public
Utility Description: Sewer Connected

Structural Information

# Buildings: 1
Architectural Style: Stacked
Structure Type: Apartment
Detached/Attached: Detached
Construction: Vinyl Siding
Basement: Yes
Basement Desc.: Full, Finished, Interior Entry
Stories/Levels: 0
Building Size: 5535
Finished Total: 5,535 Sq. Ft.
Finished Above Grnd: 5,535 Sq. Ft.
Year Built: 2024

Lot Features

Lot Size (Acres): 0.0579
Lot Size (Sq. Ft.): 2,523
Lot Size: 2523

Financial Considerations

Tax Year: 2025

Disclosures and Reports

Property ID: 241POCASSETAVPROV
Lot Number: 202

Listed by Innovations Realty

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Schools

Schools serving 241 Pocasset Ave

School District:Providence School District

Name	Grades	Distance
Frank D. Spaziano Annex Elementary School 240 Laban Street, Providence, RI 02909	K-1	0.4 mi
Webster Avenue School 191 Webster Avenue, Providence, RI 02909	K-5	0.4 mi
Frank D. Spaziano Elementary School 85 Laurel Hill Avenue, Providence, RI 02909	2-5	0.5 mi
Governor Christopher Delsesto Middle School 152 Springfield Street, Providence, RI 02909	6-8	0.9 mi
Gilbert Stuart Middle School 188 Princeton Avenue, Providence, RI 02907	6-8	1.5 mi
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908	6-8	2.2 mi
Dr. Jorge Alvarez High School 375 Adelaide Avenue, Providence, RI 02907	9-12	1.6 mi
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903	9-12	1.9 mi
Classical High School, Providence, RI 770 Westminster Street, Providence, RI 02903	9-12	1.9 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 241 Pocasset Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/10/2026

Listed

$1,750,000

1011.11%

MLS

11/30/2023

Sold

$157,500

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 241 Pocasset Ave

Year

Property Taxes

Change

Tax Assessment

Change

2024

$541

—

$252,100

755%

2024

$541

—

$29,500

—

2023

$541

$29,500

—

2022

$525

28%

$29,500

77%

2021

$410

—

$16,700

—

2019

$410

-10%

$16,700

17%

2018

$457

—

$14,300

—

2017

$457

—

$14,300

—

2016

$457

-3%

$14,300

—

2015

$473

-77%

$14,300

-77%

2014

$2,086

—

$61,800

—

2013

$2,086

—

$61,800

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 241 Pocasset Ave

241 Pocasset Avenue, Providence, RI 02919 (MLS# 1409780) is a Apartment property with 11 bedrooms and 8 full bathrooms. 241 Pocasset Avenue is currently listed for $1,750,000 and was received on April 10, 2026. Want to learn more about 241 Pocasset Avenue? Do you have questions about finding other Apartment real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

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241 Pocasset Ave Providence, RI 02919