This is a chance to own (6) 3-bedroom residential units and (1) stand-alone commercial building [1,056 sq. ft.] with a successful family-owned business that has thrived for decades. Multiple financing options available. Pete's Bait Shop is being sold with a history of success within the fishing community. Inquire for more information on business financials. The (6) residential units each span 1,110 +/- sq. ft, and are currently all rented. Current rents are below market. Proforma rent per unit is conservatively $1,400-1,700 per unit ($100,800-$122,400 annually) with minimal updating needed to obtain these proforma numbers. Not included in our valuation is the 4-bay garage that is large enough for 6 cars, nor does it include income from the existing business. Market rent for the commercial unit is between $2,000-$3,000 per month.
Sold for $970,000
$970,000
341 Burnside Ave, Woonsocket, RI 02895
18beds
6,684sqft
Multi Family
Built in 1900
-- sqft lot
$844,600 Zestimate®
$145/sqft
$1,949 Estimated rent
Home value
$844,600
$743,000 - $954,000
$1,949/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: September 03, 2025 at 12:16pm
Listed by:
The WP Group 401-281-8491,
Smith and Oak Real Estate Co.
Bought with:
The WP Group
Smith and Oak Real Estate Co.
Source: StateWide MLS RI,MLS#: 1379537
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
- Bathrooms: 6
- Full bathrooms: 6
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Baseboard, Gas Connected, Space Heater
Cooling
- None
Appliances
- Included: Gas Water Heater, Dishwasher, Dryer, Oven/Range, Refrigerator, Washer
- Laundry: In Building
Features
- Wall (Paneled), Wall (Plaster)
- Flooring: Hardwood, Laminate, Carpet
- Basement: Full,Interior Entry,Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 7,740
- Total interior livable area: 6,684 sqft
Property
Parking
- Total spaces: 18
- Parking features: Detached
- Garage spaces: 6
Features
- Stories: 3
Lot
- Size: 0.26 Acres
Details
- Parcel number: WOONM36ML160U22
- Zoning: R4
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Paneled, Plaster, Aluminum Siding, Vinyl Siding
- Foundation: Stone
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Municipal, Public
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping
Location
- Region: Woonsocket
- Subdivision: Blackstone, Ma/Ri Line
HOA & financial
Other financial information
- Total actual rent: 7050
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2025 | Sold | $970,000-22.4%$145/sqft |
Source:  StateWide MLS RI #1379537 Report a problem | ||
| 5/22/2025 | Pending sale | $1,249,900$187/sqft |
Source: StateWide MLS RI #1379537 Report a problem | ||
| 4/25/2025 | Price change | $1,249,900-3.8%$187/sqft |
Source: StateWide MLS RI #1379537 Report a problem | ||
| 4/4/2025 | Price change | $1,299,900-7.1%$194/sqft |
Source: StateWide MLS RI #1379537 Report a problem | ||
| 3/7/2025 | Listed for sale | $1,399,900+16.7%$209/sqft |
Source: StateWide MLS RI #1379537 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $412,900 |
| 2024 | -- | $412,900 |
| 2023 | -- | $412,900 |
Find assessor info on the county website
Neighborhood: East Woonsocket
Nearby schools
GreatSchools rating
- 3/10Woonsocket Middle @ Villa NovaGrades: 6-8Distance: 0.5 mi
- 3/10Woonsocket High SchoolGrades: 9-12Distance: 0.9 mi
Get a cash offer in 3 minutes
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Estimated market value
$844,600
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
$844,600
- Rhode Island
- Providence County
- Woonsocket
- 02895
- East Woonsocket
- 341 Burnside Ave