242 4th Avenue, Woonsocket, RI 02895 - Photo 1

1/1

$730,000

Sold
Closed
Multi-Family
4 Units
12 Total Beds
0.13 Acres

1/1

Property Description

A jewel for your portfolio! This turnkey 5-unit building offers immediate cash flow with major upside potential. The spacious layout includes one oversized 4-bed, 2-bath unit and four 2-bed, 1-bath units each with separate tenant-paid gas and electric. The full 4th floor, currently vacant, includes 4 rooms and common space that a savvy investor may convert into additional rental income. Exterior and common areas have been freshly painted. Off-street parking for all units, ample street parking, and money-making coin-op laundry add to the appeal. Current rents are well below market value, providing strong growth potential. All tenants are month-to-month except one, offering flexibility for future rent adjustments or renovations. A rare opportunity to secure a high-performing asset with untapped value in today's market! This is a Commercial Property 5+ unit. (FHA, VA, RI HOUSING OR ANY OTHER OWNER OCCUPIED FINANCING DOES NOT QUALIFY- CONTACT YOUR LENDER ABOUT COMMERCIAL FINANCING)

Full Property Details

Full Property Details for 242 4th Ave

General

Sold For: $730,000
Taxes: $6,152 (2024)
Status: Closed
Type: Multi-Family
Source: STWMLS
MLS ID: 1385858
Added to Site: 233 day(s) ago

Interior

Number of Rooms: 22
Interior Features: Interior Steps, Tub Shower
Fireplace(s): None
Appliances: Gas Water Heater, Oven, Range, Refrigerator
Flooring: Carpet, Hardwood, Vinyl

Rooms

Bathrooms

Total Bathrooms: 6
Full Bathrooms: 6

Bedrooms

Total Bedrooms: 12

Other Rooms

Laundry: Common Area

Additional Information

Tennis: Yes

Exterior

Exterior Features: Paved Driveway

Parking

Total Spaces: 5
Parking Features: No Garage

Location

County: Providence
Subdivision: Fairmount
Near Highway: Yes

Heating & Cooling

Cooling Type: None
Heating Type: Gas, Hot Water, Steam

Utilities

Sewer: Connected
Water: Connected
Utility Description: Sewer Connected

Structural Information

# Buildings: 1
Detached/Attached: Detached
Construction: Drywall, Shingle Siding, Vinyl Siding
Basement: Yes
Basement Desc.: Full, Interior Entry, Unfinished
Stories/Levels: 3
Building Size: 9384
Finished Total: 9,384 Sq. Ft.
Finished Above Grnd: 9,384 Sq. Ft.
Year Built: 1930

Lot Features

Lot Size (Acres): 0.13
Lot Size (Sq. Ft.): 5,663
Lot Size: 5663

Financial Considerations

Tax Amount: $6,152
Tax Year: 2024

Disclosures and Reports

Property ID: 2424THAVWOON
Block: 15
Lot Number: 142

Listed by Engel & Volkers
Sold by Real Broker, LLC

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— 242 4th Ave —

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Schools

Schools serving 242 4th Ave

School District:Woonsocket School District

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

Price & Sales History for 242 4th Ave

Date

Details

Price

Change

Source

8/29/2025

Sold

$730,000

4.3%

MLS

5/28/2025

Listed

$699,900

—

MLS

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

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242 4th Ave, Woonsocket, RI 02895 - Photo 1

Sold

$730,000