$599,000
PENDING $30K PRICE DROP

243 Transit St Woonsocket, RI 02895

Globe District Neighborhood

Estimated payment $3,879/month

Total Views 19,135
8 Beds
4 Baths
6,740 Sq Ft
$89 Price per Sq Ft

Highlights

  • Golf Course Community
  • Corner Lot
  • Balcony
  • Deck
  • Recreation Facilities
  • 4 Car Detached Garage

About This Home

Seize this excellent investment opportunity in the heart of Woonsocket, RI! This freshly painted, well-maintained, fire coded, multi-family property generates a strong annual income of $71,040 with annual expenses of $53,190, offering a potential ROI of 10.98%. New roof! Laundry in building! Property also offers tenants ample off street parking with a detached 4 car garage! Ideal for both seasoned investors and first-time buyers looking to build equity while collecting consistent cash flow. Located in a stable rental market with strong tenant demand, this property is a smart addition to any portfolio. Key Highlights: Solid income-producing asset, Reliable tenant base, Favorable ROI, Convenient location with access to local amenities and major routes Don't miss out on this high-yield investment schedule your showing today! Can also be sold as a package MLS # 1392331

Listing Agent

Don Martone

Bond Brokerage License #REB.0018968 Listed on: 08/19/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,578

Year Built

  • Built in 1922

Lot Details

  • 8,276 Sq Ft Lot
  • Corner Lot

Parking

  • 4 Car Detached Garage

Home Design

  • Plaster

Interior Spaces

  • 6,740 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Balcony
  • Deck
  • Outbuilding

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Space Heater
  • Heating System Uses Oil
  • Heating System Uses Steam
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 243251TRANSITSTWOON

Community Details

Overview

  • 4 Units
  • Blackstone Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Golf Course Community
  • Recreation Facilities

Building Details

  • Operating Expense $53,190

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,578

Year Built

Built in 1922

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.19
  • Subdivision Name: Blackstone
  • Above Grade Finished Sq Ft: 6740.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1922
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Water Heater, Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Laminate, Other
  • Interior Amenities: Stall Shower, Tub Shower
  • Stories: 2

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Plaster, Other
  • Exterior Features: Balcony, Deck
  • Other Structures: Outbuilding
  • Patio And Porch Features: Balcony, Deck

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 4.0
  • Garage Spaces: 4.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Oil, Steam, Space Heater
  • Heating Yn: Yes
  • Electric: 150 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8276.0
  • Parcel #: 243251TRANSITSTWOON
  • Zoning: R3

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 53190.0

Tax Info

  • Tax Annual Amount: 8578.0
  • Tax Lot: 9
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2025 11/21/25 Pending -- -- --
11/10/2025 11/10/25 For Sale $599,000 0.0% $89 / Sq Ft
10/29/2025 10/29/25 Pending -- -- --
09/25/2025 09/25/25 Price Changed $599,000 -4.8% $89 / Sq Ft
08/29/2025 08/29/25 For Sale $629,000 0.0% $93 / Sq Ft
08/27/2025 08/27/25 Pending -- -- --
08/19/2025 08/19/25 For Sale $629,000 +224.2% $93 / Sq Ft
06/29/2018 06/29/18 Sold $194,000 -13.7% $29 / Sq Ft View Prior Sale
05/30/2018 05/30/18 Pending -- -- --
04/04/2018 04/04/18 For Sale $224,900 -- $33 / Sq Ft
Source: State-Wide MLS

Source: State-Wide MLS

MLS Number: 1393027

State-Wide MLS
Rhode Island Providence County Woonsocket 02895 Globe District

243 Transit St, Woonsocket, RI

Pending

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Don Martone
Listing Agent
Don Martone
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Bond Brokerage
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