Seller's Agent in 2025
The DiSpirito Team
Engel & Volkers Oceanside
(401) 244-8355
3 in this area
477 Total Sales
242 4th Ave Woonsocket, RI 02895
Fairmount Neighborhood
12
Beds
6
Baths
9,384
Sq Ft
5,663
Sq Ft Lot
Highlights
- Wood Flooring
- Bathtub with Shower
- Storage Room
- Tennis Courts
- Laundry Room
- Public Transportation
About This Home
As of August 2025A jewel for your portfolio! This turnkey 5-unit building offers immediate cash flow with major upside potential. The spacious layout includes one oversized 4-bed, 2-bath unit and four 2-bed, 1-bath units each with separate tenant-paid gas and electric. The full 4th floor, currently vacant, includes 4 rooms and common space that a savvy investor may convert into additional rental income. Exterior and common areas have been freshly painted. Off-street parking for all units, ample street parking, and money-making coin-op laundry add to the appeal. Current rents are well below market value, providing strong growth potential. All tenants are month-to-month except one, offering flexibility for future rent adjustments or renovations. A rare opportunity to secure a high-performing asset with untapped value in today's market! This is a Commercial Property 5+ unit. (FHA, VA, RI HOUSING OR ANY OTHER OWNER OCCUPIED FINANCING DOES NOT QUALIFY- CONTACT YOUR LENDER ABOUT COMMERCIAL FINANCING)
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,152
Year Built
- Built in 1930
Home Design
- Stone Foundation
- Shingle Siding
- Vinyl Siding
Interior Spaces
- 9,384 Sq Ft Home
- 3-Story Property
- Storage Room
- Laundry Room
- Utility Room
Kitchen
- Oven
- Range
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Full Bathrooms
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 5 Parking Spaces
- No Garage
- Driveway
Utilities
- No Cooling
- Heating System Uses Gas
- Hot Water Heating System
- Heating System Uses Steam
- Separate Meters
- 100 Amp Service
- Gas Water Heater
Additional Features
- 5,663 Sq Ft Lot
- Property near a hospital
Listing and Financial Details
- Legal Lot and Block 142 / 15
- Assessor Parcel Number 2424THAVWOON
Community Details
Overview
- 4 Units
- Fairmount Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Tennis Courts
- Recreation Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | Sold | $730,000 | +4.3% | $78 / Sq Ft |
| 06/05/2025 06/05/25 | Pending | -- | -- | -- |
| 05/28/2025 05/28/25 | For Sale | $699,900 | -- | $75 / Sq Ft |
Source: State-Wide MLS
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 | $6,590 | $586,800 | $90,200 | $496,600 |
| 2024 | $6,152 | $423,100 | $90,200 | $332,900 |
| 2023 | $5,915 | $423,100 | $90,200 | $332,900 |
| 2022 | $5,915 | $423,100 | $90,200 | $332,900 |
| 2021 | $4,833 | $203,500 | $36,300 | $167,200 |
| 2020 | $4,884 | $203,500 | $36,300 | $167,200 |
| 2018 | $4,900 | $203,500 | $36,300 | $167,200 |
| 2017 | $4,605 | $153,000 | $40,300 | $112,700 |
| 2016 | $4,872 | $153,000 | $40,300 | $112,700 |
| 2015 | $5,597 | $153,000 | $40,300 | $112,700 |
| 2014 | $5,887 | $163,800 | $44,300 | $119,500 |
Source: Public Records
Agents Affiliated with this Home
-
The DiSpirito Team
-
Camila Oliveira
Buyer's Agent in 2025
Camila Oliveira
Real Broker, LLC
(617) 869-0942
1 in this area
38 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1385858
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