130 E School St Woonsocket, RI 02895
Social District NeighborhoodEstimated payment $3,836/month
Highlights
- Golf Course Community
- Home Office
- Storage Room
- Recreation Facilities
- Laundry Room
- 4-minute walk to World War II Veterans Memorial State Park
About This Home
Introducing 130 East School Street in Woonsocket, Rhode Island a spacious, income-producing 6-unit multifamily with a value-add upside rarely found in today's market. The layout offers a mix of unit sizes and configurations, creating flexibility for future updates or repositioning. The vacant units present excellent opportunities for modern upgrades think new flooring, updated kitchens and baths, fresh paint, and improved lighting to significantly elevate rent potential in a high-demand rental area. The exterior of the property offers ample off-street parking, a major advantage in Woonsocket where parking can be limited. The lot is well-sized and provides easy access for tenants. Location is key 130 East School Street sits in a convenient section of Woonsocket close to schools, shopping, parks, downtown amenities, and public transit. The property also offers quick access to Route 146, making commuting to Providence or Massachusetts easy for tenants. Whether you're a seasoned investor or just entering the multifamily space, this building checks all the boxes: existing income, expansion potential, stable area, and a clear path to increased cash flow. With four units already generating revenue and two units awaiting transformation, this property is perfectly positioned for someone ready to unlock its full potential. 130 East School Street is more than just a building it's an opportunity to create long-term wealth. Don't miss your chance to capitalize on this value-add gem.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,109
Year Built
- Built in 1900
Home Design
- Vinyl Siding
Interior Spaces
- 4,800 Sq Ft Home
- 3-Story Property
- Home Office
- Storage Room
- Laundry Room
- Utility Room
Flooring
- Carpet
- Laminate
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 12 Parking Spaces
- No Garage
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
- 200+ Amp Service
- Gas Water Heater
Additional Features
- 6,970 Sq Ft Lot
- Property near a hospital
Listing and Financial Details
- Tax Lot 37
- Assessor Parcel Number 130SCHOOLSTWOON
Community Details
Overview
- 4 Units
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Golf Course Community
- Recreation Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,109 | $365,900 | $60,200 | $305,700 |
| 2024 | $5,320 | $365,900 | $60,200 | $305,700 |
| 2023 | $5,115 | $365,900 | $60,200 | $305,700 |
| 2022 | $5,115 | $365,900 | $60,200 | $305,700 |
| 2021 | $4,498 | $189,400 | $35,100 | $154,300 |
| 2020 | $4,546 | $189,400 | $35,100 | $154,300 |
| 2018 | $4,561 | $189,400 | $35,100 | $154,300 |
| 2017 | $5,553 | $184,500 | $37,900 | $146,600 |
| 2016 | $5,874 | $184,500 | $37,900 | $146,600 |
| 2015 | $6,749 | $184,500 | $37,900 | $146,600 |
| 2014 | $6,768 | $188,300 | $41,700 | $146,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/18/2025 11/18/25 | For Sale | $675,000 | -- | $141 / Sq Ft |
Source: State-Wide MLS
MLS Number: 1400402
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