New Listing - 06/29/2026
145 Burnside Avenue, Woonsocket, RI, 02895
19 rooms
9 beds
4 Full baths
1914
5-UNIT MULTI-FAMILY INVESTMENT OPPORTUNITY - STRONG CASH FLOW + VALUE-ADD UPSIDE!!! INVESTOR ALERT: 5 Unit value add opportunity with immediate cash flow and a clear path to double-digit returns. This well-maintained multifamily generates $87,900 in current gross income (9.2% cap rate) with separate utilities, off-street parking, and a detached 2-car garage. Four of five units are fully updated and rent-ready; one unit is below market and needs updated heating system plus light cosmetic work, representing straightforward renovation play. Bringing all units to market rent pushes gross income to roughly $103,200/year and the cap rate to approximately 11.3% - a build in value add story rare at this price point. Conveniently located near major highways, shopping and public transportation. Property is being sold as-is; porches require repair, offering an additional opportunity to force appreciation. An ideal acquisition for 1031 exchange buyers or investors seeking a stabilized asset with organic upside already identified. Investor Group Tour - Wednesday, July 1, 5:00pm-6:30pm.
Status:
Active
Type:
Multi-family
Laundry Remarks:
Common Area
Units:
4
Garage:
2-car Detached, Garage
Heating:
Forced Air, Gas
Cooling:
None
Basement:
Full, Interior Entry, Unfinished
Parking:
6-car
Acreage:
0.12
Est. Taxes:
$5,130
Assessment
$456,800
Construction
Vinyl Siding
Utilities
Sewer Connected
Amenities:
Highway Access, Near Hospital, Public Transportation, Restaurant, Shopping
Appliances:
Water Heater
MLS #:
1416359
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of eXp Realty 888-315-3445