243 Transit St Woonsocket, RI 02895
Globe District NeighborhoodEstimated payment $3,848/month
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
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
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 | $4,655 | $414,500 | $91,300 | $323,200 |
| 2024 | $4,624 | $318,000 | $91,300 | $226,700 |
| 2023 | $4,446 | $318,000 | $91,300 | $226,700 |
| 2022 | $4,446 | $318,000 | $91,300 | $226,700 |
| 2021 | $3,603 | $151,700 | $38,500 | $113,200 |
| 2020 | $3,641 | $151,700 | $38,500 | $113,200 |
| 2018 | $3,554 | $147,600 | $34,400 | $113,200 |
| 2017 | $3,513 | $116,700 | $38,200 | $78,500 |
| 2016 | $3,716 | $116,700 | $38,200 | $78,500 |
| 2015 | $4,269 | $116,700 | $38,200 | $78,500 |
| 2014 | $4,277 | $119,000 | $42,000 | $77,000 |
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
MLS Number: 1393027
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