Seize this excellent investment opportunity in the heart of Woonsocket, RI! This freshly painted, well-maintained, fire coded, multi-family property generates a strong annual income of $71,040 with annual expenses of $53,190, offering a potential ROI of 10.98%. New roof! Laundry in building! Property also offers tenants ample off street parking with a detached 4 car garage! Ideal for both seasoned investors and first-time buyers looking to build equity while collecting consistent cash flow. Located in a stable rental market with strong tenant demand, this property is a smart addition to any portfolio. Key Highlights: Solid income-producing asset, Reliable tenant base, Favorable ROI, Convenient location with access to local amenities and major routes Don’t miss out on this high-yield investment—schedule your showing today! Can also be sold as a package MLS # 1392331
Sold for $600,000
$600,000
243-251 Transit St, Woonsocket, RI 02895
8beds
3,112sqft
Multi Family
Built in 1922
-- sqft lot
$600,300 Zestimate®
$193/sqft
$1,873 Estimated rent
Home value
$600,300
$540,000 - $666,000
$1,873/mo
Zestimate® history
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$1,873/mo
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$3,612/mo
Est. payment
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Est. payment
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Zillow last checked: 8 hours ago
Listing updated: January 27, 2026 at 11:31am
Listed by:
Don Martone 401-954-0270,
Bond Brokerage
Bought with:
The Hiraldo Group
BHHS Commonwealth Real Estate
Source: StateWide MLS RI,MLS#: 1393027
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Bathroom
- Features: Bath w Shower Stall, Bath w Tub & Shower
Heating
- Oil, Space Heater, Steam
Cooling
- None
Appliances
- Included: Gas Water Heater
- Laundry: Common Area, In Building
Features
- Wall (Plaster)
- Flooring: Laminate, Other
- Basement: Full,Interior Entry,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 6,740
- Total interior livable area: 3,112 sqft
Property
Parking
- Total spaces: 8
- Parking features: Detached
- Garage spaces: 4
Features
- Stories: 2
- Patio & porch: Deck
- Exterior features: Balcony
Lot
- Size: 8,276 sqft
- Features: Corner Lot, Sidewalks
Details
- Additional structures: Outbuilding
- Foundation area: 2240
- Zoning: R3
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Plaster, Other Siding
Condition
- New construction: No
- Year built: 1922
Utilities & green energy
- Electric: 150 Amp Service
- Sewer: Public Connected
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping
Location
- Region: Woonsocket
- Subdivision: Blackstone
HOA & financial
Other financial information
- Total actual rent: 5920
Price history
| Date | Event | Price |
|---|---|---|
| 1/27/2026 | Sold | $600,000+0.2%$193/sqft |
Source:  StateWide MLS RI #1393027 Report a problem | ||
| 11/21/2025 | Pending sale | $599,000$192/sqft |
Source: StateWide MLS RI #1393027 Report a problem | ||
| 11/10/2025 | Listed for sale | $599,000$192/sqft |
Source: StateWide MLS RI #1393027 Report a problem | ||
| 10/29/2025 | Pending sale | $599,000$192/sqft |
Source: StateWide MLS RI #1393027 Report a problem | ||
| 9/25/2025 | Price change | $599,000-4.8%$192/sqft |
Source: StateWide MLS RI #1393027 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Globe District
Nearby schools
GreatSchools rating
- 2/10Globe Park SchoolGrades: PK-5Distance: 0.5 mi
- 3/10Woonsocket Middle at HamletGrades: 6-8Distance: 1.2 mi
- NAWoonsocket Career An Tech CenterGrades: 9-12Distance: 1.8 mi
Get a cash offer in 3 minutes
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Estimated market value
$600,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$600,300
- Rhode Island
- Providence County
- Woonsocket
- 02895
- Globe District
- 243-251 Transit St