145 Burnside Ave Woonsocket, RI 02895
East Woonsocket NeighborhoodEstimated payment $4,276/month
Highlights
- Wood Flooring
- Public Transportation
- Property near a hospital
- 2 Car Detached Garage
- Shops
- Forced Air Heating System
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,130
Year Built
- Built in 1914
Parking
- 2 Car Detached Garage
- Driveway
Home Design
- Vinyl Siding
Interior Spaces
- 4,365 Sq Ft Home
- 3-Story Property
Flooring
- Wood
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
- Water Heater
Additional Features
- 5,227 Sq Ft Lot
- Property near a hospital
Listing and Financial Details
- Tax Lot 104
- Assessor Parcel Number 145BURNSIDEAVWOON
Community Details
Overview
- 4 Units
Amenities
- Shops
- Restaurant
- Public Transportation
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $5,130 | $456,800 | $89,600 | $367,200 |
| 2024 | $5,402 | $371,500 | $89,600 | $281,900 |
| 2023 | $5,388 | $385,400 | $89,600 | $295,800 |
| 2022 | $5,194 | $371,500 | $89,600 | $281,900 |
| 2021 | $3,320 | $139,800 | $35,700 | $104,100 |
| 2020 | $3,355 | $139,800 | $35,700 | $104,100 |
| 2018 | $3,366 | $139,800 | $35,700 | $104,100 |
| 2017 | $3,967 | $131,800 | $40,000 | $91,800 |
| 2016 | $4,197 | $131,800 | $40,000 | $91,800 |
| 2015 | $4,821 | $131,800 | $40,000 | $91,800 |
| 2014 | $5,402 | $150,300 | $44,000 | $106,300 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/16/2026 07/16/26 | Pending | -- | -- | -- | |
| 06/29/2026 06/29/26 | For Sale | $725,000 | +88.3% | $166 / Sq Ft | |
| 03/30/2021 03/30/21 | Sold | $385,000 | -3.5% | -- | View Prior Sale |
| 02/28/2021 02/28/21 | Pending | -- | -- | -- | |
| 01/22/2021 01/22/21 | For Sale | $399,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $385,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $76,250 | -- | |
| Warranty Deed | $80,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $308,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $224,400 | Purchase Money Mortgage |
Source: State-Wide MLS
MLS Number: 1416359
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Ask me questions while you tour the home.