$599,000
$30K PRICE DROP

372 River St Woonsocket, RI 02895

Downtown Woonsocket Neighborhood

Estimated payment $3,746/month

Total Views 16,789
4 Beds
4 Baths
5,208 Sq Ft
$115 Price per Sq Ft

Highlights

  • Golf Course Community
  • Thermal Windows
  • Shops
  • Recreation Facilities
  • Public Transportation
  • Property near a hospital

About This Home

Seize this excellent investment opportunity near the Blackstone River area of Woonsocket, RI! This well-maintained, fire coded, large, multi-family property generates a strong annual income of $69,600 with annual expenses of $52,196, offering a potential ROI of 10.71%. New roof! New gas, IBC Technologies on demand hot water system! Property also offers tenants ample off street parking with a large lot in rear of building. 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

  • $6,685

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Paved or Partially Paved Lot

Home Design

  • Combination Foundation
  • Vinyl Siding

Interior Spaces

  • 5,208 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Utility Room

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Unfinished Basement

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

Parking

  • 10 Parking Spaces
  • No Garage

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating

Listing and Financial Details

  • Tax Lot 148
  • Assessor Parcel Number 372376RIVERSTWOON

Community Details

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Golf Course Community
  • Recreation Facilities

Additional Features

  • 4 Units
  • Operating Expense $52,196

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,685

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.11
  • Above Grade Finished Sq Ft: 5208.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Other
  • Dining Room Type: Utility Room
  • Stories: 2
  • Window Features: Thermal Windows

Exterior Features

  • Lot Features: Paved
  • Construction Type: Vinyl Siding
  • Foundation Details: Combination

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 10.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 150 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4792.0
  • Parcel #: 372376RIVERSTWOON
  • Zoning: MU1

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 52196.0

Tax Info

  • Tax Annual Amount: 6685.0
  • Tax Lot: 148
  • Tax Year: 2025

Map

Range of Values:

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Average Value
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List Price
Sold 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
09/25/2025 09/25/25 Price Changed $599,000 -4.8% $115 / Sq Ft
08/19/2025 08/19/25 For Sale $629,000 -- $121 / Sq Ft
Source: State-Wide MLS

Source: State-Wide MLS

MLS Number: 1393018

State-Wide MLS
Rhode Island Providence County Woonsocket 02895 Downtown Woonsocket

372 River St, Woonsocket, RI

This home is located at 372 River St, Woonsocket, RI 02895 and is currently priced at $599,000, approximately $115 per square foot. This property was built in 1900. 372 River St is a home located in Providence County with nearby schools including Woonsocket High School, Rise Prep Mayoral Academy Middle School, and Rise Prep Mayoral Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Don Martone
Listing Agent
Don Martone
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Bond Brokerage
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