Price Reduced 2.86%


Price History

$1,750,000
4/8/2026

$1,699,999
5/2/2026


241 Pocasset Avenue, Providence, RI, 02919

241 Pocasset Avenue, Providence, RI, 02919

2024

Mid Rise

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.


Status:

Active

Type:

Commercial

Units:

8

Basement:

Full

Assessment

$252,100

Utilities

Sewer Connected

Amenities:

Sidewalks

Days on Market:

35

MLS #:

1409537


Community Info

School Info

Walk Score

Mass Transit

Yelp


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Listing courtesy of Innovations Realty 401-414-7414