130 E School Street,Woonsocket, RI 02895
Woonsocket, RI 02895
Description
Investment opportunity with significant upside in this six-unit apartment building in Woonsocket. The property currently includes three occupied units generating rental income and three vacant units ready for renovation, offering immediate cash flow with the opportunity to increase future returns. Renovation work has already begun in portions of the building, including three newer heating systems, with two remaining to be connected. The property requires additional improvements and is well suited for investors looking to add value over time. Ample off-street parking, a full basement with storage and mechanical space, and a convenient location near downtown, Route 146, shopping, restaurants, and Massachusetts add to the property's long-term appeal. Whether you're expanding an existing portfolio or taking on your next redevelopment project, this property offers the opportunity to build equity through thoughtful improvements while benefiting from income already in place. Buyer is responsible to do their own due diligence to verify all information on this listing. Property has code violations through City of Woonsocket. Multi-family listing ID:1416507
Details
| MLS # | 1416439 |
|---|---|
| Listing Type | For Sale |
| Style | Residence |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 97 |
| Listing Provided By | Keller Williams Leading Edge | Melanie Ruiz |
Features
| SQ Feet | 4,800 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 6 |
| Building(s) | 1 |
| Acreage | 0.16 |
Interior
| Heating | Forced Air, Gas Connected |
|---|---|
| Heating Yes / No | Yes |
| Cooling | None |
| Cooling Yes / No | No |
Exterior
| Foundation Details | Concrete Perimeter, Stone |
|---|---|
| Lot Features | Paved, Sidewalks, Urban |
| Community Features | Bus, Commuter Bus, Highway Access, Hospital, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping |
Utilities
| Utilities | Electricity Connected, Gas, Municipal Water |
|---|---|
| Sewer | Connected |
| Electric | 200 Amps |
Location
| Community Features | Bus, Commuter Bus, Highway Access, Hospital, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping |
|---|
Taxes
| Tax Annual Amount | 4109 |
|---|---|
| Tax Assessed Value | 365900 |
| Tax Lot | 37 |
| Tax Year | 2025 |
Area Information
| State | RI |
|---|---|
| County | Providence |
| City | Woonsocket |
| Zip Code | 02895 |
| Area | Providence |
| Listing VS Median (in 02895) | |
Price: $599,000 low | high Med: $399,900 sqft: 4,800 low | high Med: 1,788 $ / sqft: $125 low | high Med: $224 On site: 97 low | high Med: 43.5 | |
Market Activity 02895
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Learn More About This Property
| State | RI |
|---|---|
| County | Providence |
| City | Woonsocket |
| Zip Code | 02895 |
| Area | Providence |
| Listing VS Median (in 02895) | |
Price: $599,000 low | high Med: $399,900 sqft: 4,800 low | high Med: 1,788 $ / sqft: $125 low | high Med: $224 On site: 97 low | high Med: 43.5 | |
