Elvis Santana
Circle 100 Real Estate
(774) 806-8764
92 Total Sales
1 in Fairmount
$575,000 Price
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)
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,152
Year Built
- Built in 1930
Lot Details
- 5,663
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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
May 28, 2025
Closed on
Aug 19, 2025
Sold by
Sevemseven Main Llc
Bought by
Seller's Agent
The DiSpirito Team
Engel & Volkers Oceanside
Buyer's Agent
Camila Oliveira
Real Broker, LLC
List Price
$699,900
Sold Price
$730,000
Premium/Discount to List
$30,100
4.3%
Views
18
Purchase Details
Closed on
Jul 27, 2022
Sold by
M & G Real Estate Llc
Bought by
77 Main Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 31, 2020
Sold by
Fleur De Lis Properties
Bought by
M & G Real Estate Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
3.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 24, 2017
Sold by
Paragon Properties Llc
Bought by
Fleur De Lis Propertie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
4.17%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 11, 2002
Sold by
Homeside Lending
Bought by
Paragon Prop Llc
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Fairmount, RI
-
Elvis Santana
-
Melissa Rose
Melissa Rose
RE/MAX River's Edge
(508) 622-7584
155 Total Sales
1 in Fairmount
$259,000 Price
-
Mary Lyons
Mary Lyons
RE/MAX Real Estate Center
(401) 593-9887
66 Total Sales
1 in Fairmount
$375,000 Price
-
Gia Parmentier
Gia Parmentier
J. Christopher Real Estate Group
(401) 416-4505
93 Total Sales
1 in Fairmount
$370,000 Price
-
Maria Useinoski
Maria Useinoski
REMAX Revolution
(401) 398-5971
32 Total Sales
3 in Fairmount
$188K - $315K Price Range
-
Alex Parmenidez
Alex Parmenidez
Coldwell Banker Realty
(401) 425-4256
131 Total Sales
2 in Fairmount
$260K - $365K Price Range
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $730,000 | -- | ||
| 77 Main Llc | $450,000 | None Available | |
| M & G Real Estate Llc | $320,000 | None Available | |
| Fleur De Lis Propertie | $220,000 | -- | |
| Paragon Prop Llc | $113,000 | -- |
Source: Public Records
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 | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | -- | $337,500 | |
| Closed | M & G Real Estate Llc | $535,000 | |
| Previous Owner | -- | $256,000 | |
| Previous Owner | Fleur De Lis Properties | $189,000 | |
| Previous Owner | -- | $176,000 |
Source: Public Records
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 |
|---|---|---|---|---|
| 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
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 | $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
Seller's Agent in 2025
The DiSpirito Team
Engel & Volkers Oceanside
(401) 244-8355
3 in this area
464 Total Sales
-
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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